EUR/USD and GBP/USD Analysis 15 ,May 2015

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Source: FxPro Forex Broker

EUR/USD Intraday: the upside prevails.

Pivot: 1.134

Most Likely Scenario: Long positions above 1.134 with targets @ 1.145 & 1.153 in extension.

Alternative scenario: Below 1.134 look for further downside with 1.126 & 1.1195 as targets.

Comment: The pair has rebounded above its support and remains on the upside.

EUR/USD Chart

euro

GBP/USD Intraday: the bias remains bullish.

Pivot: 1.571

Most Likely Scenario: Long positions above 1.571 with targets @ 1.5815 & 1.586 in extension.

Alternative scenario: Below 1.571 look for further downside with 1.5615 & 1.5525 as targets.

Comment: The RSI is mixed to bullish.

GBP/USD Chart

 

gbp

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