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Monday, 30 July 2012

2012.07.30 07:18:04 EUR/USD intraday: further upside.

EUR/USD intraday: further upside.

Update on supports and resistances.
Pivot: 1.2390.

Our Preference: SHORT positions below 1.239 with 1.224 & 1.217 as next targets.

Alternative scenario: The upside penetration of 1.239 will call for
1.244 & 1.247.

Comment: as long as 1.239 is resistance, look for choppy price action
with a bearish bias.

Trend: ST Ltd Downside; MT Range

Key levels Comment

1.247** Intraday resistance
1.244** Intraday resistance
1.239** Intraday pivot point
1.2286 Last
1.224*** Intraday support
1.217** Intraday support
1.2115** Intraday support


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