Tuesday, September 25, 2012

EUR/USD intraday: under pressure.


Pivot: 1.2970.
Our preference: SHORT positions @ 1.296 with 1.2865 as next targets.
Alternative scenario: The upside penetration of 1.297 will call for a rebound towards 1.3 7 1.3045.
Comment: the pair stands below its resistance and remains within a bearish channel.

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