Wednesday, February 25, 2009

EUR/USD intraday: under pressure

Pivot: 1.2825
Our preference: Short positions below 1.2825 with targets @ 1.272 & 1.266 in extension.
Alternative scenario: Above 1.2825 look for further upside with 1.288 & 1.295 as targets.
Comments: the pair has struck against its resistance and should face a further weakness as the RSI is bearish.

1 comment:

Mr Belimbing said...

new layout anne?

When r u going to teach me ur technique? Pivots eh? Would love to try..