Daily Technical Analysis and Forex tips 1 August 2016

Daily Technical Analysis and Forex tips 1 August 2016
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Read market analysis, Fx news, Forex tips and technical analysis of US Dollar, Euro, Japanese Yen, British Pound Sterling, Swiss Franc, Canadian Dollar and Australian Dollar of 1st August

EUR/USD Intraday: the bias remains bullish

Our preference for long positions above 1.1120 with targets at 1.1200 & 1.1235 in extension. Alternative scenario is below 1.1120 look for further downside with 1.1100 & 1.1060 as targets.

GBP/USD Intraday: under pressure

Our preference is short positions below 1.3270 with targets at 1.3115 & 1.3070 in extension. Alternative scenario is above 1.3270 look for further upside with 1.3305 & 1.3340 as targets.

USD/CHF Intraday: the downside prevails

Our preference short positions below 0.9765 with targets at 0.9635 & 0.9590 in extension. Alternative scenario is above 0.9765 look for further upside with 0.9825 & 0.9870 as targets.

USD/JPY Intraday: the downside prevails

Our preference is short positions below 103.10 with targets at 102.00 & 101.50 in extension. Alternative scenario is above 103.10 look for further upside with 103.95 & 104.60 as targets.

USD/CAD Intraday: under pressure

Our preference long positions short positions below 1.3130 with targets at 1.3000 & 1.2960 in extension. Alternative scenario is above 1.3130 look for further upside with 1.3190 & 1.3240 as targets.

AUD/USD Intraday: bullish bias above 0.7550

Our preference long positions above 0.7550 with targets at 0.7620 & 0.7645 in extension. Alternative scenario is below 0.7550 look for further downside with 0.7515 & 0.7490 as targets.

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