Daily Technical Levels

EUR/USD Intraday: the bias remains bullish.

Pivot: 1.2025 Our preference: long positions above 1.2025 with targets at 1.2080 & 1.2115 in extension. Alternative scenario: below 1.2025 look for further downside with 1.1990 & 1.1960 as targets. Comment: the RSI is mixed to bullish.

Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced

USD/CHF Intraday: under pressure.

Pivot: 0.9745 Our preference: short positions below 0.9745 with targets at 0.9700 & 0.9670 in extension. Alternative scenario: above 0.9745 look for further upside with 0.9770 & 0.9810 as targets. Comment: a break below 0.9700 would trigger a drop towards 0.9670.

Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.3540 Our preference: long positions above 1.3540 with targets at 1.3650 & 1.3690 in extension. Alternative scenario: below 1.3540 look for further downside with 1.3495 & 1.3455 as targets. Comment: the RSI shows upside momentum.

Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced

AUD/USD Intraday: under pressure.

Pivot: 0.7835 Our preference: short positions below 0.7835 with targets at 0.7795 & 0.7775 in extension. Alternative scenario: above 0.7835 look for further upside with 0.7860 & 0.7880 as targets. Comment: the RSI is mixed to bearish.

Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced

USD/CAD Intraday: under pressure.

Pivot: 1.2540 Our preference: short positions below 1.2540 with targets at 1.2485 & 1.2450 in extension. Alternative scenario: above 1.2540 look for further upside with 1.2565 & 1.2585 as targets. Comment: the RSI is mixed to bearish.   Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced

EUR/GBP Intraday: under pressure.

Pivot: 0.8875 Our preference: short positions below 0.8875 with targets at 0.8855 & 0.8845 in extension. Alternative scenario: above 0.8875 look for further upside with 0.8885 & 0.8900 as targets. Comment: a break below 0.8855 would trigger a drop towards 0.8845.

Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced

EUR/JPY Intraday: the upside prevails.

 

Pivot: 135.00 Our preference: long positions above 135.00 with targets at 135.60 & 135.85 in extension. Alternative scenario: below 135.00 look for further downside with 134.75 & 134.55 as targets. Comment: a support base at 135.00 has formed and has allowed for a temporary stabilisation.

Chart Caption     Green Lines Represent Resistances     Red Lines Represent Support Levels     Light Blue is a Pivot Point     Black represents the price when the report was produced