First, a review of last week’s events: - EUR/USD. The main economic event of recent days was the failure of the US-China trade negotiations...
EURGBP looks to extend gain on price reversal following its strong rally the past week. On the downside, support stands at the 0.8600 level where a violation will turn focus to the 0.8550 level. A break below here will aim at the 0.8500 level. Conversely, resistance lies at the 0.8650 level...
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Pivot (invalidation): 61.70 Our preference Long positions above 61.70 with targets at 62.90 & 63.25 in extension. Alternative scenario Below 61.70 look for further downside with 61.35 & 60.90 as targets...
Pivot (invalidation): 14.7000 Our preference Long positions above 14.7000 with targets at 14.8600 & 14.9500 in extension. Alternative scenario Below 14.7000 look for further downside with 14.6200 & 14.5700 as targets...
Pivot (invalidation): 1280.00 Our preference Long positions above 1280.00 with targets at 1288.50 & 1291.50 in extension. Alternative scenario Below 1280.00 look for further downside with 1276.50 & 1272.50 as targets...
Pivot (invalidation): 2849.00 Our preference Long positions above 2849.00 with targets at 2896.00 & 2913.00 in extension. Alternative scenario Below 2849.00 look for further downside with 2836.50 & 2822.00 as targets...
Pivot (invalidation): 12090.00 Our preference Short positions below 12090.00 with targets at 11905.00 & 11840.00 in extension. Alternative scenario Above 12090.00 look for further upside with 12178.00 & 12230.00 as targets...
Pivot (invalidation): 6.1580 Our preference Short positions below 6.1580 with targets at 6.0490 & 6.0030 in extension. Alternative scenario Above 6.1580 look for further upside with 6.2000 & 6.2410 as targets...
Pivot (invalidation): 0.6995 Our preference Long positions above 0.6995 with targets at 0.7025 & 0.7050 in extension. Alternative scenario Below 0.6995 look for further downside with 0.6980 & 0.6965 as targets...
Pivot (invalidation): 1.3475 Our preference Short positions below 1.3475 with targets at 1.3425 & 1.3400 in extension. Alternative scenario Above 1.3475 look for further upside with 1.3500 & 1.3515 as targets...
Pivot (invalidation): 1.0135 Our preference Long positions above 1.0135 with targets at 1.0170 & 1.0190 in extension. Alternative scenario Below 1.0135 look for further downside with 1.0120 & 1.0110 as targets...
Pivot (invalidation): 109.70 Our preference Long positions above 109.70 with targets at 110.10 & 110.30 in extension. Alternative scenario Below 109.70 look for further downside with 109.50 & 109.35 as targets...
Pivot (invalidation): 1.2995 Our preference Long positions above 1.2995 with targets at 1.3035 & 1.3060 in extension. Alternative scenario Below 1.2995 look for further downside with 1.2970 & 1.2945 as targets...
Pivot (invalidation): 1.1210 Our preference Long positions above 1.1210 with targets at 1.1245 & 1.1260 in extension. Alternative scenario Below 1.1210 look for further downside with 1.1190 & 1.1170 as targets...
USDCHF weakens on price sell off with eyes on 1.0100 support level. On the downside, support is seen at the 1.0100 level. A turn below here will set the stage for more decline towards the 1.0050 level. And then the 1.0000 level. Further down, support resides at the 0.9950 level...
Pivot (invalidation): 61.35 Our preference Long positions above 61.35 with targets at 61.90 & 62.35 in extension. Alternative scenario Below 61.35 look for further downside with 61.10 & 60.65 as targets...
Pivot (invalidation): 14.9000 Our preference Short positions below 14.9000 with targets at 14.7300 & 14.6400 in extension. Alternative scenario Above 14.9000 look for further upside with 14.9500 & 15.0100 as targets...
Pivot (invalidation): 1285.00 Our preference Short positions below 1285.00 with targets at 1276.50 & 1272.50 in extension. Alternative scenario Above 1285.00 look for further upside with 1288.00 & 1291.50 as targets...
