EURUSD sets up to strengthen further bull pressure following its higher close the past week. Support comes in at the 1.1300 where a violation will turn risk to the 1.1250 level. A break below here will target the 1.1200 level. Further down, support sits at the 1.1150...
First, a review of last week’s events: - EUR/USD. It seems that Mario Draghi has already lost the ability to influence the market, which is waiting for the arrival of the new head of the ECB to replace him...
Pivot (invalidation): 52.25 Our preference Long positions above 52.25 with targets at 53.75 & 54.60 in extension. Alternative scenario Below 52.25 look for further downside with 51.70 & 51.20 as targets...
Pivot (invalidation): 14.8000 Our preference Long positions above 14.8000 with targets at 14.9300 & 15.0000 in extension. Alternative scenario Below 14.8000 look for further downside with 14.7300 & 14.6900 as targets...
Pivot (invalidation): 1327.00 Our preference Long positions above 1327.00 with targets at 1339.50 & 1344.00 in extension. Alternative scenario Below 1327.00 look for further downside with 1324.00 & 1320.00 as targets...
Pivot (invalidation): 2823.00 Our preference Long positions above 2823.00 with targets at 2856.00 & 2868.75 in extension. Alternative scenario Below 2823.00 look for further downside with 2803.50 & 2778.00 as targets...
Pivot (invalidation): 12029.00 Our preference Short positions below 12029.00 with targets at 11880.00 & 11820.00 in extension. Alternative scenario Above 12029.00 look for further upside with 12120.00 & 12170.00 as targets...
Pivot (invalidation): 5.7670 Our preference Long positions above 5.7670 with targets at 5.8050 & 5.8260 in extension. Alternative scenario Below 5.7670 look for further downside with 5.7390 & 5.7100 as targets...
Pivot (invalidation): 0.6970 Our preference Long positions above 0.6970 with targets at 0.6990 & 0.7005 in extension. Alternative scenario Below 0.6970 look for further downside with 0.6960 & 0.6950 as targets...
Pivot (invalidation): 1.3370 Our preference Short positions below 1.3370 with targets at 1.3330 & 1.3310 in extension. Alternative scenario Above 1.3370 look for further upside with 1.3390 & 1.3410 as targets...
Pivot (invalidation): 0.9930 Our preference Short positions below 0.9930 with targets at 0.9895 & 0.9875 in extension. Alternative scenario Above 0.9930 look for further upside with 0.9960 & 0.9995 as targets...
Pivot (invalidation): 108.30 Our preference Long positions above 108.30 with targets at 108.55 & 108.70 in extension. Alternative scenario Below 108.30 look for further downside with 108.05 & 107.85 as targets...
Pivot (invalidation): 1.2705 Our preference Short positions below 1.2705 with targets at 1.2685 & 1.2665 in extension. Alternative scenario Above 1.2705 look for further upside with 1.2725 & 1.2745 as targets...
Pivot (invalidation): 1.1285 Our preference Short positions below 1.1285 with targets at 1.1255 & 1.1240 in extension. Alternative scenario Above 1.1285 look for further upside with 1.1305 & 1.1320 as targets...
Pivot (invalidation): 52.50 Our preference Short positions below 52.50 with targets at 51.25 & 50.60 in extension. Alternative scenario Above 52.50 look for further upside with 53.00 & 53.40 as targets...
Pivot (invalidation): 14.7000 Our preference Long positions above 14.7000 with targets at 14.9200 & 15.0000 in extension. Alternative scenario Below 14.7000 look for further downside with 14.6400 & 14.5600 as targets...
Pivot (invalidation): 1324.00 Our preference Long positions above 1324.00 with targets at 1334.00 & 1344.00 in extension. Alternative scenario Below 1324.00 look for further downside with 1320.00 & 1315.00 as targets...
