Tuesday, January 20, 2009

Today's Report

Pivot: 1.3295
Our preference: Short positions below 1.3295 with targets @ 1.3105 & 1.3025 in extension.
Alternative scenario: Above 1.3295 look for further upside with 1.3375 & 1.345 as targets.
Comments: the RSI is still bearish, the pair should face a further weakness towards its next support.
Economic Calendar: German ZEW data at 6 pm
Live Trading: Sold EUR/USD 1.2983 [Closed +50]

[Courtesy of Alpari]

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