Thursday, November 13, 2008

EUR/USD intraday: key ST resistance at 1.26.

Pivot: 1.26
Our preference: Short positions below 1.26 with targets @ 1.245 & 1.239 in extension.
Alternative scenario: Above 1.26 look for further upside with 1.266 & 1.27 as targets.
Comments: The 1.26 strong resistance area maintains a downside pressure.

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