Daily Technical Levels(2015.12.23)

Daily Technical Levels(2015.12.23)

Source: Orbex Forex Broker (Review and Forex Rebates Up to 85%)

EUR/USD

Pivot: 1.09

Our preference: long positions above 1.09 with targets @ 1.098 & 1.101 in extension.

Alternative scenario: below 1.09 look for further downside with 1.088 & 1.0845 as targets.

Comment: the RSI lacks downward momentum.

EUR/USD Chart

USD/CHF

Pivot: 0.9905

Our preference: short positions below 0.9905 with targets @ 0.9855 & 0.983 in extension.

Alternative scenario: above 0.9905 look for further upside with 0.994 & 0.997 as targets.

Comment: as long as the resistance at 0.9905 is not surpassed, the risk of the break below 0.9855 remains high.

USD/CHF Chart

GBP/USD

Pivot: 1.4875

Our preference: short positions below 1.4875 with targets @ 1.48 & 1.476 in extension.

Alternative scenario: above 1.4875 look for further upside with 1.491 & 1.495 as targets.

Comment: the RSI lacks upward momentum.
GBP/USD Chart

Gold

Pivot: 1081.5

Our preference: short positions below 1081.5 with targets @ 1067 & 1059 in extension.

Alternative scenario: above 1081.5 look for further upside with 1089 & 1094 as targets.

Comment: as long as 1081.5 is resistance, look for choppy price action with a bearish bias

Gold Chart