Wednesday, November 26, 2008

EUR/USD intraday: continuation of the rebound

Pivot: 1.276
Our preference: Long @ 1.277 with targets @ 1.29 & 1.296 in extension.
Alternative scenario: Below 1.276 look for further downside with 1.2715 & 1.269 as targets.
Comments: the RSI is supported by a rising trend line.

1 comment:

Complacent Panda said...

What type of setup do you wait for in order to minimize your risk? Low stoch, mid-RSI, neg to pos MACD? Somethign like that? Just curious, because you seem to be doing very well =)

Take care and happy Thanksgiving