Wednesday, September 12, 2012

EUR/GBP intraday: the upside prevails.


Pivot: 0.7965
Our preference: Long positions above 0.7965 with targets @ 0.802 & 0.8045 in extension.
Alternative scenario: Below 0.7965 look for further downside with 0.794 & 0.7915 as targets.
Comment: the pair has struck against its resistance and is facing a pull back.

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 ...