Monday, October 8, 2012

EUR/MXN intraday: under pressure.

Pivot: 16.68
Our preference: Short positions below 16.68 with targets @ 16.44 & 16.35  in extension.
Alternative scenario: Above 16.68 look for further upside with 16.75 & 16.85 as targets.
Comment: the pair is rebounding but stands below 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 ...