Friday, September 14, 2012

EUR/USD intraday: further advance.


Pivot: 1.2975.
Our preference: LONG positions @ 1.2985 with 1.305 & 1.309 as next targets.
Alternative scenario: The downside penetration of 1.2975 will call for a slide towards 1.293 & 1.2855.
Comment: the pair remains on the upside and does not show any reversal sign.

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 ...