Tuesday, September 11, 2012

EUR/USD intraday: further advance.


Pivot: 1.2745
Our preference: Long positions above 1.2745 with targets @ 1.283 & 1.2875 in extension
Alternative scenario: Below 1.2745 look for further downside with 1.2675 & 1.2625 as targets.
Comment; the pair has validated a bullish flag and should reach its previous high.

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 ...