Sample Category Title

Pivot (invalidation): 1.3050

Our preference Short positions below 1.3050 with targets at 1.2995 & 1.2980 in extension.

Alternative scenario Above 1.3050 look for further upside with 1.3070 & 1.3095 as targets.

Comment The RSI advocates for further decline.

Pivot (invalidation): 0.9870

Our preference Short positions below 0.9870 with targets at 0.9825 & 0.9800 in extension.

Alternative scenario Above 0.9870 look for further upside with 0.9890 & 0.9915 as targets.

Comment The RSI advocates for further downside.

Pivot (invalidation): 110.55

Our preference Short positions below 110.55 with targets at 110.00 & 109.75 in extension.

Alternative scenario Above 110.55 look for further upside with 110.90 & 111.10 as targets.

Comment As Long as 110.55 is resistance, expect a return to 110.00.

Pivot (invalidation): 1.2860

Our preference Long positions above 1.2860 with targets at 1.2945 & 1.2975 in extension.

Alternative scenario Below 1.2860 look for further downside with 1.2810 & 1.2780 as targets.

Comment The RSI calls for a rebound.

Pivot (invalidation): 1.1530

Our preference Long positions above 1.1530 with targets at 1.1630 & 1.1650 in extension.

Alternative scenario Below 1.1530 look for further downside with 1.1490 & 1.1450 as targets.

Comment The RSI calls for a rebound.

Daily Pivots: (S1) 0.8943; (P) 0.8973; (R1) 0.8997; More...

Intraday bias in EUR/GBP remains neutral at this point. The consolidation from 0.9030 is still in progress. Another fall cannot be ruled out but downside should be contained by 0.8854 support to bring rally resumption. On the upside, firm break of 61.8% retracement of 0.9305 to 0.8620 at 0.9043 will pave the way to retest 0.9305 key resistance. However, sustained break of 0.8854 will indicate near term reversal and turn outlook bearish.

In the bigger picture, EUR/GBP is staying in long term range pattern from 0.9304 (2016 high). The corrective structure of the fall from 0.9305 to 0.8620 is raising the chance that rise from 0.8312 to 0.9305 is an impulsive move. But we're not too confident on it yet. In any case, we'd stay cautious on strong resistance from 0.9304/5 to limit upside in case of further rally. Meanwhile, if there is another medium term decline, strong support will likely be seen from 0.8303 to contain downside.

Daily Pivots: (S1) 1.1362; (P) 1.1391; (R1) 1.1424; More...

With 1.1329 minor support intact, further rise is still expected in EUR/CHF for 1.1489 support turned resistance. Decisive break will add to the case of trend reversal ahead of key support zone between 1.1154/98. On the downside, below 1.1329 minor support, however, will suggests completion of the rebound. Intraday bias will be turned back to the downside for 1.1242 low. And focus is back on 1.1154/98 key support zone.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Pivot (invalidation): 65.60

Our preference Long positions above 65.60 with targets at 66.50 & 66.80 in extension.

Alternative scenario Below 65.60 look for further downside with 64.85 & 64.40 as targets.

Comment The RSI is mixed to bullish.

Pivot (invalidation): 14.6500

Our preference Long positions above 14.6500 with targets at 14.8400 & 14.9600 in extension.

Alternative scenario Below 14.6500 look for further downside with 14.5700 & 14.4800 as targets.

Comment The RSI advocates for further advance.

Pivot (invalidation): 1192.00

Our preference Long positions above 1192.00 with targets at 1199.00 & 1202.00 in extension.

Alternative scenario Below 1192.00 look for further downside with 1187.50 & 1184.00 as targets.

Comment The RSI advocates for further advance.