USDCHF: The pair looks to move further lower as it continues to hold on to its downside pressure. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level...
First, a review of last week’s events: - EUR/USD. The dollar was under pressure for all five days, the difference between the weekly high and the low was about 200 points...
Since April 2018, EUR / USD remains within the descending channel on a weekly chart, the lower limit of which is close to the support level of 1.1150. However, at the moment the upward correction continues...
Pivot (invalidation): 69.30 Our preference Short positions below 69.30 with targets at 68.35 & 68.00 in extension. Alternative scenario Above 69.30 look for further upside with 69.75 & 70.15 as targets...
Pivot (invalidation): 14.1300 Our preference Long positions above 14.1300 with targets at 14.2800 & 14.3500 in extension. Alternative scenario Below 14.1300 look for further downside with 14.0600 & 13.9900 as targets...
Pivot (invalidation): 1200.00 Our preference Long positions above 1200.00 with targets at 1208.25 & 1212.50 in extension. Alternative scenario Below 1200.00 look for further downside with 1196.00 & 1192.50 as targets...
Pivot (invalidation): 2892.00 Our preference Long positions above 2892.00 with targets at 2916.75 & 2925.00 in extension. Alternative scenario Below 2892.00 look for further downside with 2880.00 & 2866.00 as targets...
Pivot (invalidation): 11950.00 Our preference Long positions above 11950.00 with targets at 12130.00 & 12210.00 in extension. Alternative scenario Below 11950.00 look for further downside with 11880.00 & 11800.00 as targets...
Pivot (invalidation): 6.1900 Our preference Short positions below 6.1900 with targets at 6.0650 & 6.0010 in extension. Alternative scenario Above 6.1900 look for further upside with 6.2460 & 6.3300 as targets...
Pivot (invalidation): 0.7175 Our preference Long positions above 0.7175 with targets at 0.7200 & 0.7230 in extension. Alternative scenario Below 0.7175 look for further downside with 0.7155 & 0.7130 as targets...
Pivot (invalidation): 1.3020 Our preference Short positions below 1.3020 with targets at 1.2970 & 1.2935 in extension. Alternative scenario Above 1.3020 look for further upside with 1.3045 & 1.3075 as targets...
Pivot (invalidation): 0.9665 Our preference Short positions below 0.9665 with targets at 0.9625 & 0.9600 in extension. Alternative scenario Above 0.9665 look for further upside with 0.9685 & 0.9705 as targets...
Pivot (invalidation): 111.75 Our preference Long positions above 111.75 with targets at 112.10 & 112.35 in extension. Alternative scenario Below 111.75 look for further downside with 111.50 & 111.35 as targets...
Pivot (invalidation): 1.3085 Our preference Long positions above 1.3085 with targets at 1.3135 & 1.3165 in extension. Alternative scenario Below 1.3085 look for further downside with 1.3055 & 1.3030 as targets...
Pivot (invalidation): 1.1665 Our preference Long positions above 1.1665 with targets at 1.1715 & 1.1735 in extension. Alternative scenario Below 1.1665 look for further downside with 1.1645 & 1.1610 as targets...
EURUSD: The pair now faces further corrective higher as it looks to extend strength. On the upside, resistance comes in at 1.1650 level with a break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1...
Pivot (invalidation): 70.50 Our preference Short positions below 70.50 with targets at 69.15 & 68.70 in extension. Alternative scenario Above 70.50 look for further upside with 70.90 & 71.25 as targets...
Pivot (invalidation): 14.1500 Our preference Long positions above 14.1500 with targets at 14.3000 & 14.3800 in extension. Alternative scenario Below 14.1500 look for further downside with 14.0600 & 13.9900 as targets...