Courtesy of Trading Central

 

 

EUR/USD Intraday: the downside prevails

 

Pivot: 1.084

Most Likely Scenario: Short positions below 1.084 with targets @ 1.0705 & 1.065 in extension.

Alternative scenario: Above 1.084 look for further upside with 1.09 & 1.095 as targets.

Comment: The pair remains capped by a declining trend line and has broken below its previous low.

 

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GBP/USD Intraday: under pressure.

 

Pivot: 1.514

Most Likely Scenario: Short positions below 1.514 with targets @ 1.4985 & 1.495 in extension.

Alternative scenario: Above 1.514 look for further upside with 1.522 & 1.527 as targets.

Comment: The pair remains capped by a declining trend line.

 

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GBP/USD Intraday: the upside prevails.

 

Pivot: 121.1

Most Likely Scenario: Long positions above 121.1 with targets @ 122.5 & 122.95 in extension.

Alternative scenario: Below 121.1 look for further downside with 120.6 & 120.2 as targets.

Comment: The immediate trend remains up and the momentum is strong.

 

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