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Forex Daily Analysis (2015.09.14)

Source: Fxopro Forex Broker (Review and Forex Rebate up to 85%)

 

EUR/USD Intraday: further advance.

Pivot: 1.129

Most Likely Scenario: Long positions above 1.129 with targets @ 1.14 & 1.144 in extension.

Alternative scenario: Below 1.129 look for further downside with 1.125 & 1.121 as targets.

Comment: The RSI lacks downward momentum. The prices remain supported by a rising trend line.

EUR/USD Chart

 

Forex

 

Pivot: 1.5395

Most Likely Scenario: Long positions above 1.5395 with targets @ 1.5475 & 1.551 in extension.

Alternative scenario: Below 1.5395 look for further downside with 1.5335 & 1.529 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

GBP/USD Chart

gbpusd

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