Friday, October 14, 2011

EUR/USD Analysis 14.10.2011 11:23 GMT


14.10.2011 11:23 GMT+1 - EUR/USD intraday: capped by a negative trend line.

Pivot: 1.383

Our preference: Short positions below 1.383 with targets @ 1.3725 & 1.37 in extension.

Alternative scenario: Above 1.383 look for further upside with 1.3875 & 1.395 as targets.

Comment: the pair is challenging its declining trend line.

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