2012.08.02 21:47:47 VINCENT CIGNARELLA: Draghi Shows Limits of Monetary Policy

EUR/USD intraday: under pressure.

Update on supports and resistances.
Pivot: 1.2225

Our preference: Short positions below 1.2225 with targets @ 1.2135 &
1.2115 in extension.

Alternative scenario: Above 1.2225 look for further upside with 1.229
& 1.233 as targets.

Comment: the immediate trend remains down and the momentum is strong.

Key levels
1.233
1.229
1.2225
1.2177 last
1.2135
1.2115
1.208

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Time MA20 MA50 MA20_50 MACD_SL MACD_0 Bollinger RSI70 RSI30 Volume

01.08.2012 03:15 Up
01.08.2012 03:00 Up