Thursday, September 20, 2012

EUR/GBP intraday: capped by a negative trend line


Pivot: 0.805
Our preference: Short positions below 0.805 with targets @ 0.799 & 0.797 in extension.
Alternative scenario: Above 0.805 look for further upside with 0.808 & 0.81 as targets.
Comment:the RSI is bearish and calls for further downside.

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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