EUR/USD Analysis 20/05/2020
Pivot : 1.0955
Our strategy:
Short positions below 1.0955 with targets at 1.0915 & 1.0900 in extension.
Alternative scenario:
Above 1.0955 look for further upside with 1.0975 & 1.0990 as targets.
Comment:
The upward potential is likely to be limited by the resistance at 1.0955.
Resistances:
Resistance 3: 1.0990
Resistance 2: 1.0975
Resistance 1: 1.0955
Resistance 0: 1.0940 Last
Supports:
Support 3 : 1.0915
Support 2 : 1.0900
Support 1 : 1.0870
Number of asterisks represents the strength of support and resistance levels.
Daily and weekly charts are also bearish.
EUR/USD may fall 25 – 40 pips
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