8088325 11/8/2017 3:50 PM, EUR/USD Intraday: limited upside.


Pivot: 1.1580


Our preference:

long positions above 1.1580 with targets at 1.1620 & 1.1640 in extension.


Alternative scenario:

below 1.1580 look for further downside with 1.1555 & 1.1530 as targets.


Comment:

the break above 1.1580 is a positive signal that has opened a path to 1.1620. The pair has broken above a bearish channel resistance: this is expected to favour a limited recovery.


Supports and resistances:


1.1665 **

1.1640 **

1.1620 **


1.1602

Last

1.1580 **

1.1555 *

1.1530 **