Friday, September 28, 2012

EUR/GBP intraday: the upside prevails.


Pivot: 0.79.
Our preference: LONG positions above 0.794 with 0.7975 & 0.7985 in sight.
Alternative scenario: The downside penetration of 0.794 will call for a slide towards 0.792 & 0.7905.
Comment: the pair stands above its new support and remains on the upside.

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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 ...