EURUSD faces risk of medium term trend resumption following its price reversal on Friday. Support lies at the 1.1300 where a violation if seen will aim at the 1.1250 level. A break below here will aim at the 1.1200 level. Further down, support comes in at the 1.1150...
First, a review of last week’s events: - EUR/USD. Despite the fact that, on the eve of the US Federal Reserve interest rate increase, 70% of experts, supported by 100% indicators, expected the dollar to strengthen, nothing of the kind happened...
Pivot (invalidation): 47.20 Our preference Short positions below 47.20 with targets at 45.65 & 44.70 in extension. Alternative scenario Above 47.20 look for further upside with 47.80 & 48.35 as targets...
Pivot (invalidation): 14.6800 Our preference Long positions above 14.6800 with targets at 14.8400 & 14.8900 in extension. Alternative scenario Below 14.6800 look for further downside with 14.6200 & 14.5300 as targets...
Pivot (invalidation): 1255.00 Our preference Long positions above 1255.00 with targets at 1266.50 & 1272.00 in extension. Alternative scenario Below 1255.00 look for further downside with 1251.00 & 1246.00 as targets...
Pivot (invalidation): 2530.00 Our preference Short positions below 2530.00 with targets at 2420.00 & 2375.00 in extension. Alternative scenario Above 2530.00 look for further upside with 2575.00 & 2608.00 as targets...
Pivot (invalidation): 10700.00 Our preference Short positions below 10700.00 with targets at 10560.00 & 10490.00 in extension. Alternative scenario Above 10700.00 look for further upside with 10770.00 & 10850.00 as targets...
Pivot (invalidation): 5.2820 Our preference Short positions below 5.2820 with targets at 5.2400 & 5.2180 in extension. Alternative scenario Above 5.2820 look for further upside with 5.3210 & 5.3560 as targets...
Pivot (invalidation): 0.7130 Our preference Short positions below 0.7130 with targets at 0.7100 & 0.7085 in extension. Alternative scenario Above 0.7130 look for further upside with 0.7150 & 0.7170 as targets...
Pivot (invalidation): 1.3475 Our preference Long positions above 1.3475 with targets at 1.3530 & 1.3570 in extension. Alternative scenario Below 1.3475 look for further downside with 1.3445 & 1.3410 as targets...
Pivot (invalidation): 0.9895 Our preference Short positions below 0.9895 with targets at 0.9840 & 0.9825 in extension. Alternative scenario Above 0.9895 look for further upside with 0.9920 & 0.9940 as targets...
Pivot (invalidation): 111.05 Our preference Long positions above 111.05 with targets at 111.75 & 112.15 in extension. Alternative scenario Below 111.05 look for further downside with 110.75 & 110.35 as targets...
Pivot (invalidation): 1.2670 Our preference Short positions below 1.2670 with targets at 1.2625 & 1.2605 in extension. Alternative scenario Above 1.2670 look for further upside with 1.2690 & 1.2710 as targets...
Pivot (invalidation): 1.1430 Our preference Long positions above 1.1430 with targets at 1.1485 & 1.1520 in extension. Alternative scenario Below 1.1430 look for further downside with 1.1400 & 1.1375 as targets...
EURUSD sees bullish offensive on rally with more strength expected in the days ahead. Support lies at the 1.1400 where a violation will aim at the 1.1350 level. A break below here will aim at the 1.1300 level. Further down, support lies at the 1.1250. On the upside, resistance resides at 1...
Pivot (invalidation): 47.00 Our preference Long positions above 47.00 with targets at 47.90 & 48.40 in extension. Alternative scenario Below 47.00 look for further downside with 46.10 & 45.50 as targets...
Pivot (invalidation): 14.6700 Our preference Short positions below 14.6700 with targets at 14.4700 & 14.4000 in extension. Alternative scenario Above 14.6700 look for further upside with 14.7200 & 14.7800 as targets...
Pivot (invalidation): 1247.00 Our preference Short positions below 1247.00 with targets at 1241.50 & 1239.00 in extension. Alternative scenario Above 1247.00 look for further upside with 1251.00 & 1254.00 as targets...
Pivot (invalidation): 2550.00 Our preference Short positions below 2550.00 with targets at 2472.00 & 2435.00 in extension. Alternative scenario Above 2550.00 look for further upside with 2588.50 & 2608.00 as targets...
