Wednesday, October 3, 2012

EUR/GBP intraday: bullish bias above 0.7975.


Pivot: 0.7975
Our preference: Long positions above 0.7975 with targets @ 0.8035 & 0.805 in extension.
Alternative scenario: Below 0.7975 look for further downside with 0.796 & 0.795 as targets.
Comment: the RSI is supported by a bullish trend line.

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 ...