Alternative scenario: the upside breakout of 0.6314 would call for 0.6344 and 0.6361.
Alternative scenario: the upside breakout of 0.5611 would call for 0.5635 and 0.5650.
Alternative scenario: the upside breakout of 83.62 would call for 83.98 and 84.20.
Shifting expectations surrounding Fed rate hikes remain the primary driver of financial markets. Yet...
Short positions below 101.1000 with targets at 100.7000 & 100.6000 in extension.
Short positions below 1.3375 with targets at 1.3290 & 1.3260 in extension.
Long positions above 1.2510 with targets at 1.2560 & 1.2580 in extension.
Short positions below 0.8905 with targets at 0.8860 & 0.8840 in extension.
Alternative scenario: the downside breakout of 0.9807 would call for 0.9782 and 0.9767.
Short positions below 101.1000 with targets at 100.7000 & 100.6000 in extension.
Short positions below 1.3375 with targets at 1.3290 & 1.3260 in extension.
Short positions below 1.3375 with targets at 1.3290 & 1.3260 in extension.
Long positions above 0.6760 with targets at 0.6800 & 0.6820 in extension.
Short positions below 0.8905 with targets at 0.8860 & 0.8840 in extension.
Short positions below 132.80 with targets at 132.00 & 131.75 in extension.
Long positions above 1.2510 with targets at 1.2560 & 1.2580 in extension.
Long positions above 1.1030 with targets at 1.1100 & 1.1120 in extension.
Our preference: as long as 0.6282 is support look for 0.6361.
Long positions above 1.2510 with targets at 1.2560 & 1.2580 in extension.
Long positions above 1.1030 with targets at 1.1100 & 1.1120 in extension.
Alternative scenario: the downside breakout of 165.42 would call for 164.79 and 164.41.
Alternative scenario: below 0.6281, expect 0.6251 and 0.6233.
Alternative scenario: the downside breakout of 1.3226 would call for 1.3199 and 1.3184.
Alternative scenario: the downside breakout of 1.3226 would call for 1.3199 and 1.3184.
Our preference: the upside prevails as long as 0.8807 is support.
The configuration is positive.
Alternative scenario: the downside breakout of 1.7475 would call for 1.7413 and 1.7376.
The pair could retrace.
Alternative scenario: the downside breakout of 0.8799 would call for 0.8778 and 0.8765.
Alternative scenario: the downside breakout of 89.56 would call for 89.12 and 88.87.