Monday, September 24, 2012

EUR/USD intraday: the downside prevails.


Pivot: 1.3
Our preference: Short positions below 1.3 with targets @ 1.292 & 1.2885 in extension.
Alternative scenario: Above 1.3 look for further upside with 1.3045 & 1.307 as targets.
Comment: the pair is posting a rebound but stands below its resistance.

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 ...