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EUR/USD & GBP/USD Pivot Point (2015.07.13)

Source: FxPro Forex Broker (Review and Forex Cashback)

Pivot: 1.11

Most Likely Scenario: Long positions above 1.11 with targets @ 1.12 & 1.126 in extension.

Alternative scenario: Below 1.11 look for further downside with 1.105 & 1.099 as targets.

Comment: A support base at 1.11 has formed and has allowed for a temporary stabilisation.

EUR/USD Chart

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Pivot: 1.5475

Most Likely Scenario: Long positions above 1.5475 with targets @ 1.5545 & 1.558 in extension.

Alternative scenario: Below 1.5475 look for further downside with 1.541 & 1.5365 as targets.

Comment: The RSI is mixed to bullish.

 

GBP/USD Intraday: bullish bias above 1.5475.

Pivot: 1.5475

Most Likely Scenario: Long positions above 1.5475 with targets @ 1.5545 & 1.558 in extension.

Alternative scenario: Below 1.5475 look for further downside with 1.541 & 1.5365 as targets.

Comment: The RSI is mixed to bullish.

GBP/USD Chart

gbpusd

 

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