Thursday, September 13, 2012

EUR/GBP intraday: the upside prevails.


Pivot: 0.80.
Our preference: LONG positions above 0.799 with targets @ 0.803 & 0.8045.
Alternative scenario: The downside breakout of 0.799 will open the way to 0.7965 & 0.794.
Comment: the pair is on the upside and is challenging 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 ...