Week Ahead in Currencies

EUR/USD – Further Upside



Pivot (invalidation): 1.1315

SQ Preference: Long positions above 1.1315 with targets at 1.1345 & 1.1360 in extension

Alternative scenario: Below 1.1315 look for further downside with 1.1300 & 1.1275 as targets

GBP/USD – Watch 1.3380

Pivot (invalidation): 1.3260

SQ Preference: Long positions abovce 1.3260 with targets at 1.3330 & 1.3380 in extension.

Alternative scenario: Below 1.3260 look for further downside with 1.3230 & 1.3200 as targets.

USD/JPY – Turning up

Pivot (invalidation): 111.40

SQ Preference: Long positions above 111.40 with targets at 111.75 & 111.90 in extension.

Alternative scenario: Below 111.40 look for further downside with 111.25 & 111.10 as targets.

USD/CHF – Under Pressure

Pivot (invalidation): 1.0035

SQ Preference: Short positions below 1.0035 with targets at 1.0000 & 0.9990 in extension.

Alternative Scenario: Above 1.0035 look for further upside with 1.0050 & 1.0065 as targets.

USD/CAD – Turning down

Pivot (invalidation): 1.3350

SQ Preference: Short positions below 1.3350 with targets at 1.3300 & 1.3285 in extenstion.

Alternative Scenario: Above 1.3350 look for further upside with 1.3370 & 1.3390 as targets.

AUD/USD – Further advance

Pivot (invalidation): 0.7090

SQ Preference: Long positions above 0.7090 with targets at 0.7130 & 0.7145 in extension.

Alternative Scenario: Below 0.7090 look for further downside with 0.7070 & 0.7055 as targets.

USD/TRY – Under Pressure

Pivot (invalidation): 5.4580

SQ Preference: Short positions below 5.4580 with targets at 5.4400 & 5.4280 in extension.

Alternative Scenario: Above 5.4580 look for further upside with 5.4760 & 5.4890 as targets.