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Friday, 17 August 2012

2012.08.17 02:03:29 EUR/USD intraday: further advance.

EUR/USD intraday: further advance.

Update on supports and resistances.
Pivot: 1.231

Our preference: Long positions above 1.231 with targets @ 1.2385 &
1.241 in extension.

Alternative scenario: Below 1.231 look for further downside with 1.225
& 1.222 as targets.

Comment: the RSI is bullish and calls for further upside.

Key levels
1.244
1.241
1.2385
1.23555 last
1.231
1.225
1.222

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Time Candlestick Last Opinion Invalidation
15.08.2012 01:40 Shooting star 1.2325 Down 1.239

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