Thursday, September 27, 2012

EUR/USD intraday: capped by a negative trend line.


Pivot: 1.2915.
Our preference: SHORT positions @ 1.2905 with 1.283 & 1.2805 as next targets.
Alternative scenario: The upside breakout of 1.2915 will open the way to 1.295 & 1.297.
Comment: the pair is posting a rebound but remains within a bearish channel.

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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 ...