EUR/USD Intraday: the downside prevails.
Most Likely Scenario: Short positions below 1.39 with targets @ 1.378 & 1.374 in extension.
Alternative scenario: Above 1.39 look for further upside with 1.3935 & 1.3965 as targets.
Comment: the break below the support at 1.39 triggered a downward acceleration to 1.374. The RSI is capped by a declining trend line.
Pivot: 1.6605
Most Likely Scenario: Short positions below 1.6605 with targets @ 1.6485 & 1.643 in extension.
Alternative scenario: Above 1.6605 look for further upside with 1.665 & 1.6715 as targets.
Comment: the RSI is bearish and calls for further decline.
USD/JPY Intraday: continuation of the rebound.
Pivot: 101.75
Most Likely Scenario: Long @ 102.3 with targets @ 102.85 & 103.15 in extension.
Alternative scenario: Below 101.75 look for further downside with 101.2 & 100.65 as targets.
Comment: the break above the resistance at 101.75 triggered an upward acceleration to 102.85.
AUD/USD Intraday: consolidation in place.
Pivot: 0.9095
Most Likely Scenario: Short positions below 0.9095 with targets @ 0.899 & 0.8965 in extension.
Alternative scenario: Above 0.9095 look for further upside with 0.914 & 0.9205 as targets.
Comment: intraday technical indicators are mixed and call for caution.
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