Long positions above 1.3370 with targets at 1.3420 & 1.3440 in extension.
Short positions below 0.6720 with targets at 0.6680 & 0.6665 in extension.
Short positions below 1.2400 with targets at 1.2350 & 1.2330 in extension.
Alternative scenario: below 1.3316, expect 1.3289 and 1.3273.
Our preference: the upside prevails as long as 165.82 is support.
The MACD is negative and above its signal line.
Alternative scenario: the downside breakout of 146.29 would call for 145.57 and 145.14.
The MACD is above its signal line and positive.
Our preference: the downside prevails as long as 1.7718 is resistance.
The MACD is below its signal line and positive.
The pair could retrace.
Alternative scenario: the downside breakout of 82.79 would call for 82.43 and 82.21.
Alternative scenario: below 1.2344, expect 1.2305 and 1.2282.
Our preference: the upside prevails as long as 165.81 is support.
Alternative scenario: the upside breakout of 1.8507 would call for 1.8557 and 1.8587.
Our preference: the downside prevails as long as 1.7726 is resistance.
The next few days promise to be volatile for the S&P 500 thanks to fundamental and technical for...
Short positions below 0.6740 with targets at 0.6680 & 0.6650 in extension.
Our preference: rebound towards 0.9865.
The MACD is negative and above its signal line.
Our preference: under pressure below 166.35.
Alternative scenario: the downside breakout of 0.8840 would call for 0.8819 and 0.8806.
Long positions above 101.4000 with targets at 101.9000 & 102.1500 in extension.
Long positions above 1.3335 with targets at 1.3390 & 1.3410 in extension.
The MACD is negative and below its signal line.
Our preference: as long as 1.3294 is support look for 1.3370.