EUR/USD Remains in Bear Channels

 
   By TRADING Central 
   The Dow Jones Newswires technical analysis partner 
 

        LONDON (Dow Jones)--Rolling 24-hour chart levels:
        Intraday EUR/USD: The pair remains within a bearish channel. Suggest SHORT positions below 1.0685 with targets @ 1.0575 & 1.052 in extension. Above 1.0685 look for further upside with 1.073 & 1.0795 as targets.
        1 month trend: Bearish
        Intraday USD/JPY: The RSI is well directed. Suggest LONG positions above 120 with targets @ 120.75 & 121.2 in extension. Below 120 look for further downside with 119.65 & 119.4 as targets.
        1 month trend: Bullish
        Intraday GBP/USD: The pair remains on the downside. Suggest SHORT positions below 1.4675 with targets @ 1.457 & 1.452 in extension. Above 1.4675 look for further upside with 1.473 & 1.4795 as targets.
        1 month trend: Range
        Intraday USD/CHF: The pair remains on the upside. Suggest LONG positions above 0.972 with targets @ 0.987 & 0.9945 in extension. Below 0.972 look for further downside with 0.9665 & 0.9595 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: As long as 128.2 is resistance, look for choppy price action with a bearish bias. Suggest SHORT positions below 128.2 with targets @ 127.1 & 126.85 in extension. Above 128.2 look for further upside with 128.8 & 129.35 as targets.
        1 month trend: Bearish
        Intraday EUR/CHF: As long as 1.041 is resistance, look for choppy price action with a bearish bias. Suggest SHORT positions below 1.041 with targets @ 1.036 & 1.035 in extension. Above 1.041 look for further upside with 1.0445 & 1.0465 as targets.
        1 month trend: Range
        Intraday AUD/USD: The RSI has broken down its 30 level. Suggest SHORT positions below 0.766 with targets @ 0.7565 & 0.754 in extension. Above 0.766 look for further upside with 0.7695 & 0.772 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"
        TRADING Central (www.tradingcentral.com) is a commentary service specialising in technical analysis.
        For more information about TRADING Central please call by phone: London office (+44) 207 429 3980, Paris office (+33) 1 5528 8040 or email: sales@tradingcentral.com
        Copyright - TRADING Central
        The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING Central current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.
        This is a financial news and information service. It is provided in general terms and does not take account of or address any individual user's position. To the extent that this article includes suggestions as to various possible investment strategies which users might consider, it does so in only general terms without reference to the personal factors which should determine any user's investment decisions. Nothing contained in this service constitutes personalized investment advice. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors shall not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article. This article does not constitute or form part of any invitation or inducement to buy or sell any security.
        (END) Dow Jones Newswires

        April 13, 2015 01:49 ET (05:49 GMT)

#FX
#Forex
#EuroDown
#EuroUp
#EuroStrong
#EuroWeak
#BearChannels
#BullChannels