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Market Trend (EU Pair n Cross)


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Market Trend (USD Pair n Cross))


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Trading Update By ForexCycle

Forex Market Movement

Wednesday, June 8, 2011

EUR/USD intraday: caution.

Pivot: 1.4615
Our preference: Long positions above 1.4615 with targets @ 1.47 & 1.4755 in extension.
Alternative scenario: Below 1.4615 look for further downside with 1.459 & 1.4555 as targets.
Comment: the pair and its intraday RSI are challenging their supports, caution.