Technical Analysis:
EUR / USD USD / CAD USD / JPY AUD / USD GBP / USD EUR / JPY EUR / CHF
EUR / USD over the day: under pressure.
hanging Point (devaluation level): 1.2775
We prefer: SELLING at 1.2765 with price targets on 1265 & 1259.
Alternative scenario: more than 1.2775, we expect further upward movements & 1:29 with 1283 as price targets.
Technical Comment: the RSI lacks upward momentum.
USD / CAD in the course of the day: the upward movement will prevail.
Changing Point (devaluation level): 1.05
We prefer: long positions on price targets to 1:05 with extended 1.0665 & 1.0715.
Alternative scenario: we expect further downward movements in 1:05 with 1.0445 & 1.0405 as targets in the future.
Technical Comment: the RSI has just landed on his support at about 30% and reversed at the top.
USD / JPY during the day: under pressure.
Changing Point (devaluation level): 85.1
We prefer: SELLING at 85.05, with price targets on 84.4 & 84.1.
Alternative scenario: more than 85.1, we expect further upward movements with 85.45 and 85.7 as price targets.
Technical Comment: the RSI is mixed to bearish.
AUD / USD over the day: capped by a negative trend line.
Change Point (devaluation level): 0.8945
We prefer: SELLING at 0.8935 with price targets for 0882 and 0.8775.
Alternative scenario: more than 0.8945, we expect further upward movements with 0898 & 0902 as price targets.
Technical Comment: the RSI is pushed against a major resistance at about 70% and returns are down.
GBP / USD during the day: ST-key resistance at 1.56.
Change point (devaluation level): 1.56
We prefer: SELLING in 1559 with price targets at 1.5485 and 1.5425.
Alternative scenario: about 1:56, we expect further upward with 1.5715 & 1567 as price targets.
Technical Comment: the RSI is mixed to bearish.
EUR / JPY during the day: supported by a rising trend line.
Change Point (devaluation level): 107
We prefer: BUY positions at 107.07 with price targets at 108.2 and 109.1.
Alternative scenario: below 107, we expect further downside with 106.35 & 105.85 as price targets.
Technical Comment: the RSI is mixed to bullish.
EUR / CHF during the day: under pressure.
Change Point (devaluation level): 1.3105
We prefer: short positions at 1.3105 with increased price targets on 1303 & 1297.
Alternative scenario: above 1.3105, we expect further upward with 1.3155 & 1:32 as price targets.
Technical Comment: the RSI lacks upward momentum.
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