Thursday, October 20, 2011

EUR/USD Analysis 20.10.2011 19:31 GMT


20.10.2011 19:31 GMT+1 - EUR/USD intraday: rebound.

Pivot: 1.365

Our preference: Long positions above 1.365 with targets @ 1.3835 & 1.3915 in extension.

Alternative scenario: Below 1.365 look for further downside with 1.358 & 1.3525 as targets.

Comment: the RSI has just landed on a support around 30% and is reversing up.

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