Daily Technical levels – Trading Central 10-02-2016 by ORBEX
EUR/USD Intraday: the bias remains bullish.
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.
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.
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.
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Green Lines Represent Resistances | |
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Red Lines Represent Support Levels | |
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Light Blue is a Pivot Point | |
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Black represents the price when the report was produced |
Source: www.orbex.com