Forex Daily News (2015.11.11)

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

EUR/USD Intraday: key resistance at 1.079.

Pivot: 1.079

Our preference: Short positions below 1.079 with targets @ 1.0705 & 1.067 in extension.

Alternative scenario: Above 1.079 look for further upside with 1.083 & 1.086 as targets.

Comment: The upward potential is likely to be limited by the resistance at 1.079.

EUR/USD Chart

USD/CHF Intraday: bullish bias above 1.0015.

Pivot: 1.0015

Our preference: Long positions above 1.0015 with targets @ 1.009 & 1.0125 in extension.

Alternative scenario: Below 1.0015 look for further downside with 0.998 & 0.9945 as targets.

Comment: A support base at 1.0015 has formed and has allowed for a temporary stabilisation.

USD/CHF Chart
 

GBP/USD Intraday: the upside prevails.

Pivot: 1.5095

Our preference: Long positions above 1.5095 with targets @ 1.522 & 1.5275 in extension.

Alternative scenario: Below 1.5095 look for further downside with 1.506 & 1.502 as targets.

Comment: The RSI is well directed.

GBP/USD Chart