Friday, August 3, 2012

EUR/USD intraday: turning up.

Pivot: 1.218 
Our preference: Long positions above 1.218 with targets @ 1.229 & 1.233 in extension.
 Alternative scenario: Below 1.218 look for further downside with 1.213 & 1.2115 as targets.
 Comment: the immediate trend remains up and the momentum is strong.

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...