Turning down.



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Pivot (invalidation): 1.0010

Our preference
Short positions below 1.0010 with targets at 0.9985 & 0.9975 in extension.

Alternative scenario
Above 1.0010 look for further upside with 1.0020 & 1.0030 as targets.

The RSI shows downside momentum.



Turning up.


Pivot (invalidation): 1.3270

Our preference
Long positions above 1.3270 with targets at 1.3300 & 1.3315 in extension.

Alternative scenario
Below 1.3270 look for further downside with 1.3260 & 1.3250 as targets.

The RSI has just landed on its neutrality area at 50% and is turning up.



Turning up.


Pivot (invalidation): 0.6760

Our preference
Long positions above 0.6760 with targets at 0.6785 & 0.6795 in extension.

Alternative scenario
Below 0.6760 look for further downside with 0.6750 & 0.6735 as targets.

The RSI calls for a new upleg.



Turning up.


Pivot (invalidation): 5.7410

Our preference
Long positions above 5.7410 with targets at 5.7550 & 5.7640 in extension.

Alternative scenario
Below 5.7410 look for further downside with 5.7300 & 5.7180 as targets.

The RSI shows upside momentum.

This report has been prepared by AC Markets and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by AC Markets personnel at any given time. ACM is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.

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