Thursday, August 2, 2012

EUR/USD intraday: under pressure.

Pivot: 1.2330.
Our Preference: SHORT positions below 1.233 with 1.222 & 1.217 as next targets.
Alternative scenario: The upside penetration of 1.233 will call for 1.239 & 1.244.
Comment: as long as the resistance at 1.233 is not surpassed, the risk of the break below 1.222 remains high.
By at

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 ...

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