Forex Trading Signals
EUR/USD intraday: towards 1.455
Pivot: 1.4410.
ML S: LONG positions @ 1.442 with targets @ 1.452 & 1.455.
Alternative scenario: The downside penetration of 1.441 will call for 1.438 & 1.435.
Comment: The RSI has just broken above a declining trend line and the pair is trading in an intraday bullish channel.
GBP/USD intraday: further upside.
Pivot: 1.6240.
Most Likely Scenario: LONG positions @ 1.625 with targets @ 1.6365 & 1.643.
Alternative scenario: The downside penetration of 1.624 will call for a slide towards 1.6175 & 1.6135.
Comment: The RSI broke above a declining trend line and is supported by a rising one.
USD/JPY intraday: capped by a negative trend line.
Pivot: 83.95.
Most Likely Scenario: SHORT positions @ 83.9 with targets @ 83.2 & 82.75.
Alternative scenario: The upside penetration of 83.95 will call for 84.3 & 84.6.
Comment: The pair is capped by a declining trend line.
AUD/USD intraday: supported by a rising trend line.
Pivot: 1.0465
Most Likely Scenario: Long positions above 1.0465 with targets @ 1.0585 & 1.06 in extension.
Alternative scenario: Below 1.0465 look for further downside with 1.0425 & 1.039 as targets.
Comment: The RSI is mixed with a bullish bias.
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