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Daily Technical levels – Trading Central 10-02-2016‏ by ORBEX

 

EUR/USD Intraday: the bias remains bullish.

 

orbex10022016 1

 

Pivot: 1.1235

Our preference: long positions above 1.1235 with targets @ 1.1340 & 1.1400 in extension.

Alternative scenario: below 1.1235 look for further downside with 1.1160 & 1.1080 as targets.

Comment: technically the RSI is above its neutrality area at 50.

 

USD/CHF Intraday: the downside prevails.

 

orbex10022016 2

Pivot: 0.9815

Our preference: short positions below 0.9815 with targets @ 0.9690 & 0.9620 in extension.

Alternative scenario: above 0.9815 look for further upside with 0.9880 & 0.9975 as targets.

Comment: a break below 0.9690 would trigger a drop towards 0.9620.

 

GBP/USD Intraday: the bias remains bullish.

 

orbex10022016 3

Pivot: 1.4435

Our preference: long positions above 1.4435 with targets @ 1.4515 & 1.4550 in extension.

Alternative scenario: below 1.4435 look for further downside with 1.4375 & 1.4325 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

 

Source: www.orbex.com

 

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