Daily Technical levels(2015.01.05)
Source: Orbex Forex Broker (Review and Forex Rebates Up to 85%)
EUR/USD Intraday: under pressure.
Pivot: 1.0865
Our preference: short positions below 1.0865 with targets @ 1.078 & 1.0755 in extension.
Alternative scenario: above 1.0865 look for further upside with 1.0895 & 1.094 as targets.
Comment: the RSI lacks upward momentum.
EUR/USD Chart
USD/CHF Intraday: the bias remains bullish.
Pivot: 0.997
Our preference: long positions above 0.997 with targets @ 1.006 & 1.0085 in extension.
Alternative scenario: below 0.997 look for further downside with 0.9925 & 0.9875 as targets.
Comment: the RSI lacks downward momentum.
USD/CHF Chart
GBP/USD Intraday: key resistance at 1.4755.
Pivot: 1.4755
Our preference: short positions below 1.4755 with targets @ 1.466 & 1.463 in extension.
Alternative scenario: above 1.4755 look for further upside with 1.479 & 1.4815 as targets.
Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
GBP/USD Chart
Dow Jones (CME) (H6) Intraday: under pressure.
Pivot: 17170
Our preference: short positions below 17170 with targets @ 16850 & 16770 in extension.
Alternative scenario: above 17170 look for further upside with 17300 & 17410 as targets.
Comment: the index currently faces a challenging resistance area at 17170.
Dow Jones (CME) Chart
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