Daily Market Update

EUR/USD intraday: further advance. Pivot: 1.3475 Our preference: Long positions above 1.3475 with targets @ 1.363 & 1.3695 in extension. Alternative scenario: Below 1.3475 look for further downside with 1.3415 & 1.336 as targets. Comment: the RSI is well directed, the pair has broken above its resistance and should post further up move.

GBP/USD intraday: further advance. Pivot: 1.553 Our preference: Long positions above 1.553 with targets @ 1.563 & 1.57 in extension. Alternative scenario: Below 1.553 look for further downside with 1.5475 & 1.542 as targets. Comment: the pair remains within a bullish channel and has broken above a MT declining trend line.