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Forex Daily Technical Analysis of Major Currency Pairs Pre US Open
(Date – Nov 10, 2014)
EUR/USD Intraday:
The upside will prevail.
Most Likely Scenario: Expect long positions above 1.2427 with targets @ 1.2539 & 1.2609 in extension.
Alternative scenario: If goes below 1.2427 look for further downside with 1.2385 & 1.2315 as targets.
GBP/USD Intraday:
The upside will prevail.
Most Likely Scenario: Long positions above 1.5879 with targets @ 1.5945 & 1.6006 in extension.
Alternative scenario: If goes below 1.5879 look for further downside with 1.5849 & 1.5830 as targets.
USD/JPY Intraday:
The downside will prevail.
Most Likely Scenario: Short positions below 114.4 with targets @ 113.4 & 112.7 in extension.
Alternative scenario: If goes above 114.4 look for further upside with 114.8 & 115.3 as targets.
AUD/USD Intraday:
The upside will prevail.
Most Likely Scenario: Long positions above 0.8635 with targets @ 0.8705 & 0.875 in extension.
Alternative scenario: If goes below 0.8635 look for further downside with 0.858 & 0.8535 as targets.
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