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» » Trading Central EUR/USD 12/10/2011

Trading Central EUR/USD 12/10/2011

Wednesday, October 12, 2011

12.10.2011 11:28 GMT+1 - EUR/USD intraday: further advance.

Pivot: 1.3665
Our preference: Long positions above 1.3665 with targets @ 1.383 & 1.3875 in extension.
Alternative scenario: Below 1.3665 look for further downside with 1.357 & 1.352 as targets.
Comment: the RSI has broken above a declining trend line, the pair has broken above its resistance and remains on the upside.

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