EUR/USD Capped by Falling Trend Line

 
   By TRADING Central 
   The Dow Jones Newswires technical analysis partner 
 

        LONDON (Dow Jones)--Rolling 24-hour chart levels:
        Intraday EUR/USD: The pair stands below its new resistance and remains capped by a declining trend line. Suggest SHORT positions below 1.073 with targets @ 1.061 & 1.0575 in extension. Above 1.073 look for further upside with 1.0795 & 1.083 as targets.
        1 month trend: Bearish
        Intraday USD/JPY: The RSI lacks downward momentum. Suggest LONG positions above 120.1 with targets @ 120.8 & 121.2 in extension. Below 120.1 look for further downside with 119.65 & 119.4 as targets.
        1 month trend: Bullish
        Intraday GBP/USD: Technically the RSI is below its neutrality area at 50.Suggest SHORT positions below 1.4795 with targets @ 1.465 & 1.457 in extension. Above 1.4795 look for further upside with 1.4845 & 1.4885 as targets.
        1 month trend: Range
        Intraday USD/CHF: Technically the RSI is above its neutrality area at 50.Suggest LONG positions above 0.9665 with targets @ 0.981 & 0.987 in extension. Below 0.9665 look for further downside with 0.9595 & 0.955 as targets.
        1 month trend: Bullish
        Intraday EUR/GBP: As long as 0.7285 is resistance, look for choppy price action with a bearish bias. Suggest SHORT positions below 0.7285 with targets @ 0.722 & 0.72 in extension. Above 0.7285 look for further upside with 0.7315 & 0.735 as targets.
        1 month trend: Range
        Intraday EUR/JPY: The RSI lacks upward momentum. Suggest SHORT positions below 129.35 with targets @ 128.25 & 127.95 in extension. Above 129.35 look for further upside with 129.9 & 130.4 as targets.
        1 month trend: Bearish
        Intraday EUR/CHF: A support base at 1.0405 has formed and has allowed for a temporary stabilisation. Suggest LONG positions above 1.0405 with targets @ 1.0445 & 1.0465 in extension. Below 1.0405 look for further downside with 1.0385 & 1.036 as targets.
        1 month trend: Range
        Intraday AUD/USD: The pair is facing a pull back on its support. Suggest LONG positions above 0.766 with targets @ 0.774 & 0.777 in extension. Below 0.766 look for further downside with 0.762 & 0.7565 as targets.
        1 month trend: Bearish
        * The pivot is the sum of the high, low and close divided by 3.
        For more technical analysis see: Dow Jones Newswires, N/DJTA; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"
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        (END) Dow Jones Newswires

        April 10, 2015 01:59 ET (05:59 GMT)

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