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Wednesday, 29 August 2012

2012.08.28 18:32:25 EUR/USD intraday: the upside prevails.

EUR/USD intraday: the upside prevails.

Update on supports and resistances.
Pivot: 1.2515

Our preference: Long positions above 1.2515 with targets @ 1.257 &
1.259 in extension.

Alternative scenario: Below 1.2515 look for further downside with
1.249 & 1.2465 as targets.

Comment: the pair has broken above a declining trend line and should
reach its previous high.

Key levels
1.2625
1.259
1.257
1.25644 last
1.2515
1.249
1.2465

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