Forex News (2016.03.10)

Forex News (2016.03.10)

Source: ETX Capital(Review and Forex Rebates Up to 85%)

FTSE 100 (NYSE Liffe) (H6) Intraday: consolidation in place.

Pivot: 6165.00

Our preference: short positions below 6165.00 with targets @ 6105.00 & 6070.00 in extension.

Alternative scenario: above 6165.00 look for further upside with 6210.00 & 6275.00 as targets.

Comment: the RSI is mixed to bearish.

Dax (Eurex) (H6) Intraday: key resistance at 9900.00.

Pivot: 9900.00

Our preference: short positions below 9900.00 with targets @ 9610.00 & 9485.00 in extension.

Alternative scenario: above 9900.00 look for further upside with 10010.00 & 10080.00 as targets.

Comment: the RSI is below its neutrality area at 50%

Dow Jones (CME) (H6) Intraday: consolidation.

Pivot: 17080.00

Our preference: short positions below 17080.00 with targets @ 16910.00 & 16800.00 in extension.

Alternative scenario: above 17080.00 look for further upside with 17150.00 & 17260.00 as targets.

Comment: the RSI is bearish and calls for further downside.

EUR/USD Intraday: the upside prevails.

Pivot: 1.0955

Our preference: long positions above 1.0955 with targets @ 1.1030 & 1.1060 in extension.

Alternative scenario: below 1.0955 look for further downside with 1.0940 & 1.0925 as targets.

Comment: the RSI is mixed to bullish.