Monday, October 15, 2012

EUR/USD intraday: under pressure.


Pivot: 1.2945
Our preference: SHORT positions @ 1.2935 with 1.2875 & 1.285 in sight.
Alternative scenario: The upside penetration of 1.2945 will call for a rebound towards 1.2975 & 1.299.
Comment: the pair stands below its resistance and remains under pressure.

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 ...