Daily Forex News(2016.02.02)

Daily Forex News(2016.02.02)

Source: ETX Capital Broker (Review and Forex Rbates Up to 85%)
FTSE 100 (NYSE Liffe) (H6) Intraday: key resistance at 6075.

Pivot: 6075

Our preference: short positions below 6075 with targets @ 5935 & 5879 in extension.

Alternative scenario: above 6075 look for further upside with 6140 & 6200 as targets.

Comment: the RSI is below its neutrality area at 50%

Dax (Eurex) (H6) Intraday: key resistance at 9930.

Pivot: 9930

Our preference: short positions below 9930 with targets @ 9560 & 9440 in extension.

Alternative scenario: above 9930 look for further upside with 10000 & 10090 as targets.

Comment: the RSI is bearish and calls for further downside.

Dow Jones (CME) (H6) Intraday: key resistance at 16500.

Pivot: 16500

Our preference: short positions below 16500 with targets @ 16210 & 16050 in extension.

Alternative scenario: above 16500 look for further upside with 16550 & 16650 as targets.

Comment: the RSI is mixed to bearish.

EUR/USD Intraday: the upside prevails.

Pivot: 1.087

Our preference: long positions above 1.087 with targets @ 1.0925 & 1.094 in extension.

Alternative scenario: below 1.087 look for further downside with 1.0835 & 1.081 as targets.

Comment: the RSI lacks downward momentum.