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EUR/USD & GBP/USD Analysis (2015.08.24)

Source: FxPro Forex Broker (Review and Forex Rebates)

Pivot: 1.1345

Most Likely Scenario: Long positions above 1.1345 with targets @ 1.15 & 1.1565 in extension.

Alternative scenario: Below 1.1345 look for further downside with 1.13 & 1.124 as targets.

Comment: The RSI is bullish and calls for further upside.

EUR/USD Chart

EURUSD R

 

 

Pivot: 1.5655

Most Likely Scenario: Long positions above 1.5655 with targets @ 1.5725 & 1.577 in extension.

Alternative scenario: Below 1.5655 look for further downside with 1.56 & 1.556 as targets.

Comment: A support base at 1.5655 has formed and has allowed for a temporary stabilisation.

GBP/USD Chart

gbpusd r

 

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