EURUSD fell
sharply yesterday after the prices filled the gap from a week back around
1.3050. In fact, pair turned lower after only three wave bounce from 1.2842
which was a clear bearish sign for the pair once prices moved close to lower
support line of a corrective channel. As such, EURUSD is back on a bearish
track so looking for lower levels makes sense. In fact, market has room for
much deeper levels if we consider that pair could be at the start of an
impulsive back wave 3 that is part of a wave 5). Reversal zone for current minor
pull-back comes in around 1.2900-1.2920 where broken channel line may act as a
resistance.
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USDCHF Technical Analysis - Sell at 0.9955
USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...
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Our pivot point is at 3.47. Our preference: as long as 3.47 is support look for 4.22. Alternative scenario: the downside breakout of 3....
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Pivot: 0.825 Our preference: Short positions below 0.825 with targets @ 0.82 7 0.8175 in extension. Alternative scenario: Above 0.825 lo...
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Pivot: 21.45 Our preference: SHORT positions below 21.45 with targets @ 20.6 & 20.35. Alternative scenario: The upside penetration of 21...
