Pivot: 1.6325 Our preference: Long positions above 1.6325 with targets @ 1.642 & 1.6465 in extension. Alternative scenario: Below 1.6325 look for further downside with 1.6305 & 1.627 as targets. Comment: the pair and its intraday RSI have broken above their declining trend lines. |
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Tuesday, May 10, 2011
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