Friday, October 7, 2011

EUR/USD Analysis 07.10.2011 09:28 GMT


07.10.2011 09:28 GMT+1 - EUR/USD intraday: further advance.

Pivot: 1.3395

Our preference: Long positions above 1.3395 with targets @ 1.3475 & 1.352 in extension.

Alternative scenario: Below 1.3395 look for further downside with 1.336 & 1.332 as targets.

Comment: the RSI is well directed, the pair has rebounded on its new support and remains on the upside.

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