Thursday, September 6, 2012

EUR/USD intraday: the upside prevails.


Pivot: 1.2560.
Our preference: LONG positions @ 1.257 with 1.263 & 1.2655 as next targets.
Alternative scenario: The downside penetration of 1.256 will call for a slide towards 1.252 & 1.249.
Comment: the pair remains 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 ...