Tuesday, September 25, 2012

EUR/GBP intraday: under pressure.


Pivot: 0.8
Our preference: Short positions below 0.8 with targets @ 0.7945 & 0.793 in extension.
Alternative scenario: Above 0.8 look for further upside with 0.802 & 0.8045 as targets.
Comment: the pair stands below its resistance and remains with in a bearish channel.

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 ...