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Daily Technical Levels from FXCC – 3 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 3, 2011.

  1. alayoua

    alayoua New Member

    Jul 19, 2011
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    Daily Technical Levels from FXCC – 3 Aug 2011

    EUR/USD Intraday Technical Levels:
    Pivot: [FONT=&quot]1.4250.[/FONT]
    Preference: SHORT positions @ 1.424 with 1.415 & 1.4105 as next targets.
    Alternative Scenario: The upside penetration of 1.425 will call for a rebound towards 1.4285 & 1.4345.
    Comment: the pair stands below its resistance and should face a weakness as the RSI is turning down.
    USD/JPY Intraday Technical Levels:
    [FONT=&quot]Pivot: 77.40.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 77.35 with 76.95 & 76.7 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside breakout of 77.4 will open the way to 77.65 & 78.05.
    [FONT=&quot]Comment: [/FONT]the pair stands below its resistance, the RSI is mixed to bearish.

    GBP/USD Intraday Technical Levels:
    [FONT=&quot]Pivot: 1.6330.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.632 with 1.6225 & 1.619 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.633 will call for 1.6375 & 1.643.
    [FONT=&quot]Comment: [/FONT]the pair remains under pressure and should face further weakness.

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

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