7.10.2011 13:54 GMT+1 - EUR/USD intraday: turning down.

Pivot: 1.385

Our preference: Short positions below 1.385 with targets @ 1.3725 & 1.3685 in extension.

Alternative scenario: Above 1.385 look for further upside with 1.39 & 1.394 as targets.

Comment: the pair has broken below a rising trend line and should face further weakness as the RSI is badly directed.