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Pre US Open, Daily Technical Analysis Tuesday, April 05, 2016

5 April 2016, 13:23

Pre US Open, Daily Technical Analysis Tuesday, April 05, 2016

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out.

EUR/USD Intraday: under pressure.


	Pivot: 1.1415 Most Likely Scenario: short positions below 1.1415 with targets @ 1.1340 & 1.1310 in extension. Alternative scenario: above 1.1415 look for further upside with 1.1435 & 1.1465 as targets. Comment: the upward potential is likely to be limited by the resistance at 1.1415.


	Pivot: 1.4280 Most Likely Scenario: short positions below 1.4280 with targets @ 1.4185 & 1.4140 in extension. Alternative scenario: above 1.4280 look for further upside with 1.4325 & 1.4375 as targets. Comment: the RSI is badly directed.


	Pivot: 111.05 Most Likely Scenario: short positions below 111.05 with targets @ 110.25 & 109.50 in extension. Alternative scenario: above 111.05 look for further upside with 111.40 & 111.75 as targets. Comment: the RSI is badly directed.


	Pivot: 0.7645 Most Likely Scenario: short positions below 0.7645 with targets @ 0.7540 & 0.7510 in extension. Alternative scenario: above 0.7645 look for further upside with 0.7680 & 0.7705 as targets. Comment: the RSI is badly directed.


	Pivot: 1222.50 Most Likely Scenario: long positions above 1222.50 with targets @ 1238.50 & 1243.00 in extension. Alternative scenario: below 1222.50 look for further downside with 1214.50 & 1208.50 as targets. Comment: the RSI is well directed.


	Pivot: 37.25 Most Likely Scenario: short positions below 37.25 with targets @ 34.50 & 34.00 in extension. Alternative scenario: above 37.25 look for further upside with 38.39 & 39.07 as targets. Comment: technically the RSI is below its neutrality area at 50.