Thursday, September 27, 2012

EUR/USD intraday: capped by a negative trend line.


Pivot: 1.2915
Our preference: Short positions below 1.2915 with targets @ 1.283 & 1.2805 in extension.
Alternative scenario: Above 1.2915 look for further upside with 1.295 & 1.297 as targets.
Comment: the pair remains within a bearish channel and  stands below its new resistance.

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