Wednesday, October 12, 2011

EUR/USD Analysis 12.10.2011 19:34 GMT


12.10.2011 19:34 GMT+1 - EUR/USD intraday: the upside prevails.

Pivot: 1.369

Our preference: Long positions above 1.369 with targets @ 1.383 & 1.3875 in extension.

Alternative scenario: Below 1.369 look for further downside with 1.3615 & 1.357 as targets.

Comment: a consolidation cannot be ruled out but the 1.3690 support area maintains upward pressure.

No comments:

Post a Comment