Pivot: 1.42 Our preference: Long positions above 1.42 with targets @ 1.428 & 1.434 in extension. Alternative scenario: Below 1.42 look for further downside with 1.4125 & 1.407 as targets. Comment: the pair stands above its support and should post a rebound as the RSI is turning up. |
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Friday, May 20, 2011
EUR/USD intraday: caution. (US Session)
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