Tuesday, September 25, 2012

EUR/GBP intraday: under pressure.


Pivot: 0.80.
Our preference: SHORT positions @ 0.799 with 0.7945 & 0.793 in sight.
Alternative scenario: The upside penetration of 0.8 will call for a rebound towards 0.802 & 0.8045.
Comment: the pair remains within a bearish channel and 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 ...