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Monday, 28 May 2012

2012.05.28 05:38:06 MARKET TALK: M&A Inflows Net Positive For AUD - UBS

EUR/USD intraday: key resistance at 1.26. Update on supports and resistances. Pivot: 1.26 Our preference: Short positions below 1.26 with targets @ 1.2495 & 1.2445 in extension. Alternative scenario: Above 1.26 look for further upside with 1.2645 & 1.2685 as targets. Comment: as long as 1.26 is resistance, expect a return to 1.2495. Key levels 1.2685 1.2645 1.26 1.25929 last 1.2495 1.2445 1.242 Trading Central recommends MT5 to publish FX charts Copyright Trading Central 1999-2011

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