Global FOREX Investments

Global FOREX Investments FOREX COMMODITIES AND INDICES

16/10/2018

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21/07/2016

EUR/USD Intraday: key resistance at 1.1050. Next

Pivot: 1.1050

Our preference: short positions below 1.1050 with targets @ 1.0970 & 1.0935 in extension.

Alternative scenario: above 1.1050 look for further upside with 1.1080 & 1.1100 as targets.

Comment: as long as the resistance at 1.1050 is not surpassed, the risk of the break below 1.0970 remains high.

19/07/2016

EUR/USD Intraday: under pressure.

Pivot: 1.1100

Our preference: short positions below 1.1100 with targets @ 1.1025 & 1.1000 in extension.

Alternative scenario: above 1.1100 look for further upside with 1.1120 & 1.1150 as targets.

Comment: as long as 1.1100 is resistance, look for choppy price action with a bearish bias

19/07/2016

EUR/USD Intraday: under pressure. Next

Pivot: 1.1100

Our preference: short positions below 1.1100 with targets @ 1.1025 & 1.1000 in extension.

Alternative scenario: above 1.1100 look for further upside with 1.1120 & 1.1150 as targets.

Comment: as long as 1.1100 is resistance, look for choppy price action with a bearish bias.



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

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