Monday, 28 May 2012
2012.05.28 13:49:19 EUR/USD intraday: caution.
EUR/USD intraday: caution.
Update on supports and resistances.
Pivot: 1.2545.
Our Preference: LONG positions above 1.2545 with targets @ 1.263 & 1.2685.
Alternative scenario: The downside penetration of 1.2545 will call for a slide towards 1.2495 & 1.247.
Comment: the pair is pulling back on its support, caution.
Trend: ST Ltd Downside; MT Range
Key levels Comment
1.2725*** Horizontal resistance
1.2685*** Horizontal resistance
1.263*** Horizontal resistance
1.2575 Last
1.2545** Intraday pivot point
1.2495*** Horizontal support
1.247** Horizontal support
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