1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Daily Technical Levels from FXCC 19 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 19, 2011.

  1. alayoua

    alayoua New Member

    Jul 19, 2011
    Likes Received:
    Daily Technical Levels from FXCC 19 Aug 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4350.[/FONT]
    Preference: SHORT positions @ 1.434 with 1.426 & 1.4225 as next targets.
    Alternative Scenario: The upside breakout of 1.435 will open the way to 1.4395 & 1.442.
    Comment: the pair stands below its resistance and remains under pressure.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.00.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 76.95 with 76.3 & 76 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside penetration of 77 will, call for a rebound towards 77.2 & 77.5.
    [FONT=&quot]Comment: [/FONT]the pair remains under pressure and is challenging its support.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6540.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.653 with targets @ 1.6425 & 1.64.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.654 will call for 1.659 & 1.6665.
    [FONT=&quot]Comment: [/FONT]the pair has broken below its MT rising trend line and remains under pressure.

    Daily Technical Levels from fxcc.com
    Source: FX Central Clearing

Share This Page