EUR/USD              18/03/2013

1 week Trend:  (=) 1 month Trend:  (=) 
EUR/USD intraday: the downside prevails.
Pivot: 1.298

Our preference: Short positions below 1.298 with targets @ 1.2875 & 1.2815 in extension.

Alternative scenario: Above 1.298 look for further upside with 1.304 & 1.3105 as targets.

Comment: the pair is rebounding from its bearish gap but stands below its new resistance.

Key levels
1.3105
1.304
1.298
1.29416 last
1.2875
1.2815
1.2735

AUD/USD             18/03/2013

1 week Trend:  (=) 1 month Trend:   (=)
AUD/USD intraday: under pressure.
Pivot: 1.0395

Our preference: Short positions below 1.0395 with targets @ 1.0335 & 1.0305 in extension.

Alternative scenario: Above 1.0395 look for further upside with 1.0415 & 1.044 as targets.

Comment: the pair remains under pressure and is challenging its support, the RSI stands below its neutrality area.

Key levels
1.044
1.0415
1.0395
1.03674 last
1.0335
1.0305
1.0275

EUR/JPY             18/03/2013

1 week Trend:   (=) 1 month Trend:  (=)
EUR/JPY intraday: rebound.
Pivot: 121.5

Our preference: Long positions above 121.5 with targets @ 123.25 & 123.75 in extension.

Alternative scenario: Below 121.5 look for further downside with 121.05 & 120.3 as targets.

Comment: the pair is rebounding and is breaking above its resistance as the RSI is reversing up.

Key levels
124.4
123.75
123.25
122.878 last
121.5
121.05
120.3

Technical Analysis – Time MetaTrader4