8084966 11/8/2017 1:48 AM, EUR/USD Intraday: key resistance at 1.1600.


Pivot: 1.1600


Our preference:

short positions below 1.1600 with targets at 1.1555 & 1.1530 in extension.


Alternative scenario:

above 1.1600 look for further upside with 1.1620 & 1.1640 as targets.


Comment:

the upward potential is likely to be limited by the resistance at 1.1600. The pair is trading in a bearish channel.


Supports and resistances:


1.1640 **

1.1620 **

1.1600 ***


1.1578

Last

1.1555 *

1.1530 *

1.1490 **