Wednesday, November 12, 2008

EUR/USD intraday: consolidation

Pivot: 1.28
Our preference: Short @ 1.279 with targets @ 1.2675 & 1.264 in extension.
Alternative scenario: Above 1.28 look for further upside with 1.29 & 1.292 as targets.
Comments: the RSI is capped by a bearish trend line.

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