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Daily Technical Levels from FXCC 9 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 9, 2011.

  1. alayoua

    alayoua New Member

    Jul 19, 2011
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    Daily Technical Levels from FXCC 9 Aug 2011


    Intraday Technical Levels:
    Pivot: [FONT=&quot]1.4275.[/FONT]
    Preference: SHORT positions @ 1.4265 with 1.415& 1.412 in sight.
    Alternative Scenario: The upside penetration of 1.4275 will call for a rebound towards 1.43 & 1.435.
    Comment: the pair is posting a rebound and is approaching its resistance, the RSI calls for caution.


    Intraday Technical Levels:
    [FONT=&quot]Pivot: 77.95.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 77.9 with targets @ 77 & 76.7.
    [FONT=&quot]Alternative Scenario: [/FONT] [FONT=&quot]The upside penetration of 77.95 will call for a rebound towards 78.25 & 78.6.[/FONT]
    [FONT=&quot]Comment: [/FONT]the pair remains under pressure and is challenging its support.


    Intraday Technical Levels:
    [FONT=&quot]Pivot: 1.6385.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.6375 with targets @ 1.627 & 1.6225.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.6385 will call for 1.644 & 1.6475.
    [FONT=&quot]Comment: [/FONT]the pair stands below its new resistance and remains under pressure.

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

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