Wednesday, October 3, 2012

EUR/GBP intraday: bullish bias above 0.7975


Pivot: 0.80.
Our preference: LONG positions above 0.7975 with 0.802 & 0.8035 as next targets.
Alternative scenario: The downside penetration of 0.7975 will call for a slide towards 0.796 & 0.794.
Comment: the RSI is supported by a bullish trend line.

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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 ...