EUR/USD intraday: The downside prevails

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD: The downside prevails

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Pivot (invalidation): 1.1755

Our preference
Short positions below 1.1755 with targets at 1.1695 & 1.1675 in extension.

Alternative scenario
Above 1.1755 look for further upside with 1.1775 & 1.1800 as targets.

Comment
The RSI shows downside momentum.

GBP/USD: Towards 1.2985

Pivot (invalidation): 1.3060

Our preference
Short positions below 1.3060 with targets at 1.3010 & 1.2985 in extension.

Alternative scenario
Above 1.3060 look for further upside with 1.3080 & 1.3100 as targets.

Comment
The RSI has broken down its 30 level.

USD/JPY: Towards 107.10

Pivot (invalidation): 106.45

Our preference
Long positions above 106.45 with targets at 106.90 & 107.10 in extension.

Alternative scenario
Below 106.45 look for further downside with 106.25 & 105.95 as targets.

Comment
The RSI is bullish and calls for further upside.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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