Tuesday, September 25, 2012

EUR/GBP intraday: under pressure.


Pivot: 0.798
Our preference: Short positions below 0.798 with targets @ 0.793 & 0.7905 in extension.
Alternative scenario: Above 0.798 look for further upside with 0.8 & 0.802 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 ...