Current level at 11:50 CET is 1.5558, trading below the daily pivot point level of 1.5596, having flirted with first support at 1.5545. A break here would bring second support at 1.5473 into focus. Hourly Bollinger and standard error bands are poised to the downside. The daily picture remains bullish with Bollinger and standard error bands poised to the upside, although the overbought status has yet to be unwound (The 14 day RSI has remained above 70 percent since 27th Feb). The 261.8 percent upside Fibonacci projection target, measured over the 1.1643 - 1.3668 range is at 1.6970. Pivot point related resistance levels for today are set at 1.5669 and then 1.5719.
Straiton & Partner
| Bahnhofstrasse 5, Postfach 643, CH-8820 Wädenswil
http://www.stoploss.ch | info@stoploss.ch
Legal disclaimer and risk disclosure
Straiton & Partner, Switzerland, its associates and subsidiaries, its employees, directors, agents, the content Providers and any other parties involved in the creation, production or delivery of trading systems and information on the Stoploss.ch site disclaim any responsibility and shall not, in any event, be liable for any damages, claims, liabilities, costs or obligations including any direct, indirect, punitive, special, incidental or consequential damages, including without limitation, loss of use, loss of data, loss of business profits, loss of opportunity, business interruption, personal injury, or any other pecuniary loss (collectively the "Damages") whatsoever and howsoever caused to the user or suffered by the user, arising out of or in connection with the use or misuse of the site or the information or with any delay or inability by the user to use the site or the information, whether any such damages arise in contract, tort, strict liability, negligence, equity or statute law or by way of any other legal theory, even if Straiton & Partner, Switzerland has been advised of the possibility of damages. Straiton & Partner, Switzerland disclaims any liability for unauthorized use or reproduction of any portion of the stoploss.ch site. If you happen to have any questions or concerns, please contact us.