Daily Technical Analysis (EUR/USD , GBP/USD)

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Daily Technical Analysis (EUR/USD , GBP/USD)

Source: Fxpro Forex Broker

Pivot: 1.106

Most Likely Scenario: Short positions below 1.106 with targets @ 1.095 & 1.086 in extension.

Alternative scenario: Above 1.106 look for further upside with 1.115 & 1.21 as targets.

Comment: As long as the resistance at 1.106 is not surpassed, the risk of the break below 1.095 remains high.

EUR/USD Chart

GBP/USD Intraday: under pressure.

Pivot: 1.561

Most Likely Scenario: Short positions below 1.561 with targets @ 1.5445 & 1.539 in extension.

Alternative scenario: Above 1.561 look for further upside with 1.569 & 1.575 as targets.

Comment: As long as the resistance at 1.561 is not surpassed, the risk of the break below 1.5445 remains high.

GBP/USD Chart

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