Wednesday, November 19, 2008

EUR/USD intraday: the downside prevails.

Pivot: 1.269
Our preference: Short positions below 1.269 with targets @ 1.2575 & 1.253 in extension.
Alternative scenario: Above 1.269 look for further upside with 1.274 & 1.28 as targets.
Comments: the RSI is capped by a declining trend line.



USD/JPY intraday: capped by a negative trend line.
Pivot: 96.75
Our preference: Short positions below 96.75 with targets @ 96 & 95.5 in extension.
Alternative scenario: Above 96.75 look for further upside with 97.5 & 97.75 as targets.
Comment: the RSI is capped by a declining trend line.

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