Thursday, October 4, 2012

EUR/GBP intraday: further upside.


Pivot: 0.8
Our preference: Long positions above 0.8 with targets @ 0.8045 & 0.806 in extension.
Alternative scenario: Below 0.8 look for further downside with 0.798 & 0.796 as targets.
Comment: technically, the RSI is above its neutrality area at 50.

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 ...