EUR/USD Intraday: towards 1.0840

Swissquote Bank Research Team Swissquote Bank Ltd

EUR/USD

Towards 1.0840.

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Pivot (invalidation): 1.0890

Our preference
Short positions below 1.0890 with targets at 1.0855 & 1.0840 in extension.

Alternative scenario
Above 1.0890 look for further upside with 1.0905 & 1.0925 as targets.

Comment
A break below 1.0855 would trigger a drop towards 1.0840.

GBP/USD

The downside prevails.

Pivot (invalidation): 1.2970

Our preference
Short positions below 1.2970 with targets at 1.2945 & 1.2920 in extension.

Alternative scenario
Above 1.2970 look for further upside with 1.2990 & 1.3010 as targets.

Comment
A break below 1.2945 would trigger a drop towards 1.2920.

USD/JPY

Under pressure.

Pivot (invalidation): 110.00

Our preference
Short positions below 110.00 with targets at 109.70 & 109.55 in extension.

Alternative scenario
Above 110.00 look for further upside with 110.15 & 110.30 as targets.

Comment
The RSI lacks upward momentum.

Author

Swissquote Bank Research Team

Swissquote Bank Ltd

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