Daily Pivot Point(2015.12.16)

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

EUR/USD Analysis 

Pivot: 1.0985

Our preference: short positions below 1.0985 with targets @ 1.09 & 1.0875 in extension.

Alternative scenario: above 1.0985 look for further upside with 1.1015 & 1.105 as targets.

Comment: even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.

EUR/USD Chart

USD/CHF Analysis

Pivot: 0.984

Our preference: long positions above 0.984 with targets @ 0.995 & 0.9985 in extension.

Alternative scenario: below 0.984 look for further downside with 0.9785 & 0.975 as targets.

Comment: the RSI is mixed to bullish.
USD/CHF Chart

GBP/USD Analysis 

Pivot: 1.5135

Our preference: short positions below 1.5135 with targets @ 1.5025 & 1.499 in extension.

Alternative scenario: above 1.5135 look for further upside with 1.518 & 1.5205 as targets.

Comment: the RSI is mixed to bearish.

GBP/USD Analysis