EUR/USD Short Term: the downside prevails.

EUR/USD (EUR/USD)
-0.00185-0.16%
short positions below 1.1670 with targets at 1.1210 & 1.1040 in extension.
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Pivot: 1.1670

Our preference: short positions below 1.1670 with targets at 1.1210 & 1.1040 in extension.

Alternative scenario: above 1.1670 look for further upside with 1.1800 & 1.1930 as targets.

Comment: the RSI has broken down its 30 level.

Supports and resistances:
1.1930 **
1.1800 ***
1.1670 ***
1.1375 Last
1.1210 **
1.1040 **
1.0870 ***

Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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