EUR/USD Intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: The downside prevails

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Pivot (invalidation): 1.0970

Our preference
Short positions below 1.0970 with targets at 1.0915 & 1.0900 in extension.

Alternative scenario
Above 1.0970 look for further upside with 1.1005 & 1.1030 as targets.

Comment
The RSI is bearish and calls for further downside.

GBP/USD: Key resistance at 1.2250

Pivot (invalidation): 1.2250

Our preference
Short positions below 1.2250 with targets at 1.2185 & 1.2150 in extension.

Alternative scenario
Above 1.2250 look for further upside with 1.2290 & 1.2325 as targets.

Comment
As Long as the resistance at 1.2250 is not surpassed, the risk of the break below 1.2185 remains high.

USD/JPY: Under pressure

Pivot (invalidation): 107.85

Our preference
Short positions below 107.85 with targets at 107.35 & 107.20 in extension.

Alternative scenario
Above 107.85 look for further upside with 108.00 & 108.15 as targets.

Comment
The RSI lacks upward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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