FxPro Daily Pre EU Technical Analysis 2013-06-03 – FindYourFX.com

EUR/USD INTRADAY: CAUTION.

Pivot: 1.303

Most Likely Scenario: Short positions below 1.303 with targets @ 1.295 & 1.2915 in extension.

Alternative scenario: Above 1.303 look for further upside with 1.306 & 1.309 as targets.

Comment: the pair is rebounding and is challenging its resistance, caution.

GBP/USD INTRADAY: BULLISH BIAS ABOVE 1.515.

Pivot: 1.515

Most Likely Scenario: Long positions above 1.515 with targets @ 1.528 & 1.532 in extension.

Alternative scenario: Below 1.515 look for further downside with 1.511 & 1.507 as targets.

Comment: the pair remains on the upside and is breaking above its previous high.

USD/JPY INTRADAY: UNDER PRESSURE.

Pivot: 100.8

Most Likely Scenario: Short positions below 100.8 with targets @ 100.1 & 99.7 in extension.

Alternative scenario: Above 100.8 look for further upside with 101.3 & 101.8 as targets.

Comment: the pair remains on the downside and is challenging its previous low.

AUD/USD INTRADAY: THE UPSIDE PREVAILS.

Pivot: 0.9545

Most Likely Scenario: Long positions above 0.9545 with targets @ 0.9655 & 0.9695 in extension.

Alternative scenario: Below 0.9545 look for further downside with 0.95 & 0.944 as targets.

Comment: the pair remains on the upside and is challenging its resistance.

GOLD (SPOT) INTRADAY: THE DOWNSIDE PREVAILS.

Pivot: 1422.00

Most Likely Scenario: SHORT positions below 1422 with 1374 & 1354 as next targets.

Alternative scenario: The upside penetration of 1422 will call for 1445 & 1475.

Comment: gold prices have broken below a rising trend line. The 50 moving average is turning down.

CRUDE OIL (JUL 13) INTRADAY: UNDER PRESSURE.

Pivot: 93.20

Most Likely Scenario: SHORT positions below 93.2 with targets @ 90.35 & 89.65.

Alternative scenario: The upside penetration of 93.2 will call for 94.2 & 95.85.

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

DISCLAIMER

Copyright
The information contained in this publication is produced by TRADING Central and not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice.

FindYourFX.com has already collected more than 30 the most famous and trustable Forex rebate brokers. If you opened an account with these brokers through us, your fund will be secured and we will provide you the highest Forex cashback in the market. At the end of each month, you will receive the rebate in cash from us as well as find your commission has been sharply reduced. It means you will have further more profitable opportunities. We will guarantee you will get the cash on time.

Article Source: www.findyourfx.com

This entry was posted in Report, Uncategorized. Bookmark the permalink.

Leave a Reply