EUR/USD Technical Analysis– Prices are testing support at 1.2973, the intersection of the 23.6% Fibonacci expansion and a formerly broken falling trend line. The pullback appears...
Pivot: 1418.00 Our preference: LONG positions above 1418 with targets @ 1458 1473. Alternative scenario: The downside penetration of 1418 will call for 1391 1363. Comment:...
Pivot: 0.8465 Our preference: Long positions above 0.8465 with targets @ 0.854 0.859 in extension. Alternative scenario: Below 0.8465 look for further downside with 0.844 0.841...
Pivot: 1.0245 Our preference: Long positions above 1.0245 with targets @ 1.0355 1.0395 in extension. Alternative scenario: Below 1.0245 look for further downside with 1.0215 1.02...
Pivot: 1.026 Our preference: Short positions below 1.026 with targets @ 1.0225 1.02 in extension. Alternative scenario: Above 1.026 look for further upside with 1.028 1.03...
THE TAKEAWAY: The US Dollar is pulling back after finding resistance at the March swing high while the SP 500 looks poised for another challenge of...
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