Thread: Discuss all about FX open

The intraday bias is positive, for another test of 100.59 high. Crucial on the downside is 99.27 and a violation of that area will switch the focus to 98.60 lows.

LONG positions above 1.3495 with 1.358 & 1.3615 as next targets.

A reversal at 98.65 marks the completion of the slide from 99.66 and the intraday outlook here is bullish, for a break through 99.17 minor resistance, en route to 100.60.

EU SHORT positions below 1.352 with 1.345 & 1.3425 in sight.

The intraday bias is positive after 98.23 reversal, for a break through 99.17 resistance, en route to 99.66 high.

SHORT positions below 1.3525 with 1.347 & 1.3455 as next targets.

LONG positions above 1.351 with 1.357 & 1.3595 in sight.

SHORT positions below 1.3535 with targets @ 1.349 & 1.347.

for EU, LONG positions @ 1.3575 with 1.364 & 1.367 as next targets.

The uptrend remains intact, with an initial support at 1.3612, followed by the crucial low at 1.3586. As the pair approaches 1.3700 resistance there is a growing risk of a reversal, which will set the focus on 1.3450 area.