PRE US OPEN, DAILY TECHNICAL ANALYSIS
EUR/USD may fall 28 - 38 pips
Pivot: 1.0885
Our preference
Short positions below 1.0885 with targets at 1.0850 & 1.0840 in extension.
Alternative scenario
Above 1.0885 look for further upside with 1.0910 & 1.0930 as targets.
Comment
The RSI lacks upward momentum.
Supports and resistances
1.0930
1.0910
1.0885
1.0878 Last
1.0850
1.0840
1.0820
AUD/USD may fall 27 - 47 pips
Pivot: 0.6575
Our preference
Short positions below 0.6575 with targets at 0.6520 & 0.6500 in extension.
Alternative scenario
Above 0.6575 look for further upside with 0.6595 & 0.6615 as targets.
Comment
The RSI lacks upward momentum.
Supports and resistances
0.6615
0.6595
0.6575
0.6547 Last
0.6520
0.6500
0.6475
EUR/CHF may fall 24 - 35 pips
Our pivot point stands at 0.9390.
Our preference
Target 0.9335.
Alternative scenario
Above 0.9390, look for 0.9409 and 0.9420.
Comment
The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 period moving average (0.9372) but above its 50 period moving average (0.9368).
Supports and resistances
0.9420 **
0.9409 *
0.9390 **
0.9383
0.9370 last
0.9346
0.9335 **
0.9324 *
0.9313 **
Number of asterisks represents the strength of support and resistance levels.
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