Monday, December 08, 2008

EUR/USD intraday: continuation of the rebound.

Pivot: 1.28
Our preference: Long positions above 1.28 with targets @ 1.2915 & 1.296 in extension.
Alternative scenario: Below 1.28 look for further downside with 1.274 & 1.268 as targets.
Comments: the break above 1.28 is a positive signal that has opened a path to 1.2915.

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