EUR/USD and GBP/USD Analysis

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EUR/USD Pivot Point

EUR/USD Intraday: the downside prevails.

Pivot: 1.115

Most Likely Scenario: Short positions below 1.115 with targets @ 1.102 & 1.0985 in extension.

Alternative scenario: Above 1.115 look for further upside with 1.1185 & 1.121 as targets.

Comment: The pair has broken below its previous low and remains on the downside.

EUR/USD Chart

GBP/USD Pivot Point

GBP/USD Intraday: under pressure.

Pivot: 1.5335

Most Likely Scenario: Short positions below 1.5335 with targets @ 1.5215 & 1.519 in extension.

Alternative scenario: Above 1.5335 look for further upside with 1.537 & 1.54 as targets.

Comment: The pair has broken below its previous supprot and should face further weakness.

GBP/USD Chart

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