18.10.2011 07:10 GMT+1 - EUR/USD intraday: under pressure.
Pivot: 1.3830.
Our Preference: SHORT positions @ 1.382 with targets @ 1.372 & 1.3685.
Alternative scenario: The upside penetration of 1.383 will call for a rebound towards 1.39 & 1.394.
Comment: the RSI is capped by a declining trend line, the pair remains under pressure and is challenging its support.
Trend: ST Consolidation; MT Bearish
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