Wednesday, October 10, 2012

EUR/USD intraday: under pressure.


Pivot: 1.2935
Our preference: Short positions below 1.2935 with targets @ 1.2835 & 1.28 in extension.
Alternative scenario: Above 1.2935 look for further upside with 1.296 & 1.299 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 ...