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SCENARIOS EUR/USD 12/01/2015  Bears are leading the last months, a possible break below the S1 will most probably guide the price to lower levels close to 1.1640 which is the next important support level. If we notice a break above the R1 then we can only start thinking that Bulls wake up and start pushing but it will only be an alert and not a signal. They need to much effort to reverse the existing trend.

SCENARIOS EUR/USD 12/01/2015 Bears are leading the last months, a possible break below the S1 will most probably guide the price to lower levels close to 1.1640 which is the next important support level. If we notice a break above the R1 then we can only start thinking that Bulls wake up and start pushing but it will only be an alert and not a signal. They need to much effort to reverse the existing trend.

The current intraday trend is an upward channel, with price of the GBPUSD expected to find strong support at S1 and climb back up to test this week’s high of R1. A break of which could lead the price to rise and test R2.  Alternately, if the 50 MA proves to be broken by the bears and cannot be sustained as a support, we expect to see the price drop lower and head towards S2 – a break of which will see a reversal of trend.

The current intraday trend is an upward channel, with price of the GBPUSD expected to find strong support at S1 and climb back up to test this week’s high of R1. A break of which could lead the price to rise and test R2. Alternately, if the 50 MA proves to be broken by the bears and cannot be sustained as a support, we expect to see the price drop lower and head towards S2 – a break of which will see a reversal of trend.

SCENARIOS GBP/USD 30/12/2014  Currently the daily GBPUSD is in a strong downtrend, with the bears sighting the 1.5500 as the next critical support for the pair. Should the Sterling convincingly break this level then the next support is seen at 1.5428 – the August 25th low.

SCENARIOS GBP/USD 30/12/2014 Currently the daily GBPUSD is in a strong downtrend, with the bears sighting the 1.5500 as the next critical support for the pair. Should the Sterling convincingly break this level then the next support is seen at 1.5428 – the August 25th low.

TECHNICAL ANALYSIS USD/CHF 17/12/14  USDCHF it is clear from the 1hour chart below that from the 8th of October is in a bearish mood. Trend line can confirm also this scenario. Bears seem to know what they are doing as they are leaving enough space to Bulls to correct the trend and time for them to rest. So now we are at a very crucial level for future price action.

TECHNICAL ANALYSIS USD/CHF 17/12/14 USDCHF it is clear from the 1hour chart below that from the 8th of October is in a bearish mood. Trend line can confirm also this scenario. Bears seem to know what they are doing as they are leaving enough space to Bulls to correct the trend and time for them to rest. So now we are at a very crucial level for future price action.

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