Monday, October 8, 2012

EUR/USD intraday: under pressure.


Pivot: 1.301
Our preference: Short positions below 1.301 with targets @ 1.294 & 1.2875 in extension.
Alternative scenario: Above 1.301 look for further upside with 1.304 7 1.307 as targets.
Comment: the pair is breaking below a bearish flag lower boundary and should face further weakness.

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 ...