Pivot (invalidation): 114.00 Our preference Long positions above 114.00 with targets at 114.55 & 114.85 in extension. Alternative scenario Below 114.00 look for further downside with 113.70 & 113.50 as targets...
Pivot (invalidation): 1.2970 Our preference Short positions below 1.2970 with targets at 1.2890 & 1.2860 in extension. Alternative scenario Above 1.2970 look for further upside with 1.2995 & 1.3020 as targets...
Pivot (invalidation): 1.1515 Our preference Short positions below 1.1515 with targets at 1.1460 & 1.1410 in extension. Alternative scenario Above 1.1515 look for further upside with 1.1565 & 1.1595 as targets...
NZDUSD bearish pressure eyes 0.6502 zone as it retains its broader medium term downtrend. This development leaves it vulnerable beyond the above support. Support lies at the 0.6450 level. Further down, the 0.6400 level comes in as the next downside target...
Pivot (invalidation): 74.90 Our preference Long positions above 74.90 with targets at 75.55 & 75.90 in extension. Alternative scenario Below 74.90 look for further downside with 74.25 & 73.65 as targets...
Pivot (invalidation): 14.6200 Our preference Long positions above 14.6200 with targets at 14.9000 & 15.0700 in extension. Alternative scenario Below 14.6200 look for further downside with 14.4500 & 14.3400 as targets...
Pivot (invalidation): 1201.00 Our preference Long positions above 1201.00 with targets at 1211.00 & 1217.00 in extension. Alternative scenario Below 1201.00 look for further downside with 1197.50 & 1194.00 as targets...
Pivot (invalidation): 2917.75 Our preference Long positions above 2917.75 with targets at 2931.00 & 2937.00 in extension. Alternative scenario Below 2917.75 look for further downside with 2914.00 & 2909.50 as targets...
Pivot (invalidation): 12312.00 Our preference Short positions below 12312.00 with targets at 12190.00 & 12152.00 in extension. Alternative scenario Above 12312.00 look for further upside with 12340.00 & 12374.00 as targets...
Pivot (invalidation): 5.9700 Our preference Long positions above 5.9700 with targets at 6.0170 & 6.0540 in extension. Alternative scenario Below 5.9700 look for further downside with 5.9300 & 5.9000 as targets...
Pivot (invalidation): 0.7200 Our preference Short positions below 0.7200 with targets at 0.7160 & 0.7140 in extension. Alternative scenario Above 0.7200 look for further upside with 0.7220 & 0.7240 as targets...
Pivot (invalidation): 1.2800 Our preference Long positions above 1.2800 with targets at 1.2840 & 1.2860 in extension. Alternative scenario Below 1.2800 look for further downside with 1.2780 & 1.2755 as targets...
Pivot (invalidation): 0.9820 Our preference Long positions above 0.9820 with targets at 0.9865 & 0.9880 in extension. Alternative scenario Below 0.9820 look for further downside with 0.9805 & 0.9780 as targets...
Pivot (invalidation): 113.50 Our preference Long positions above 113.50 with targets at 114.05 & 114.25 in extension. Alternative scenario Below 113.50 look for further downside with 113.30 & 113.05 as targets...
Pivot (invalidation): 1.2970 Our preference Long positions above 1.2970 with targets at 1.3030 & 1.3060 in extension. Alternative scenario Below 1.2970 look for further downside with 1.2940 & 1.2915 as targets...
Pivot (invalidation): 1.1535 Our preference Long positions above 1.1535 with targets at 1.1625 & 1.1650 in extension. Alternative scenario Below 1.1535 look for further downside with 1.1505 & 1.1485 as targets...
The euro remains under pressure due to problems in Italy. Last week, the Italian government presented a plan for the state budget, which investors fear may cause disapproval of the EU authorities...
Pivot (invalidation): 74.25 Our preference Long positions above 74.25 with targets at 76.35 & 77.20 in extension. Alternative scenario Below 74.25 look for further downside with 73.65 & 73.10 as targets...
Pivot (invalidation): 14.5500 Our preference Short positions below 14.5500 with targets at 14.4500 & 14.3400 in extension. Alternative scenario Above 14.5500 look for further upside with 14.6500 & 14.7200 as targets...
