Friday, September 21, 2012

EUR/GBP intraday: key resistance at 0.802.


Pivot: 0.802
Our preference: Short positions below 0.802 with targets @ 0.797 & 0.7945 in extension.
Alternative scenario: Above 0.802 look for further upside with 0.8045 & 0.806 as targets.
Comment: the upward potential is likely to be limited by the resistance at 0.802.

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 ...