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Update Daily Technical Levels from FXCC 11 Aug 2011

Discussion in 'Major Currency Crosses' started by alayoua, Aug 11, 2011.

  1. alayoua

    alayoua New Member

    Jul 19, 2011
    Likes Received:
    Update Daily Technical Levels from FXCC 11 Aug 2011

    Intraday Technical Levels:

    Pivot: 1.4125
    Preference: Long positions above 1.4125 with targets @ 1.4225 & 1.4275 in extension.
    Alternative Scenario: Below 1.4125 look for further downside with 1.4085 & 1.4055 as targets.
    Comment: the pair is pulling back on its support, the RSI calls for caution.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]76.95
    [FONT=&quot]Preference: [/FONT]Short positions below 76.95 with targets @ 76.3 & 76 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 76.95 look for further upside with 77.2 & 77.75 as targets.
    [FONT=&quot]Comment: [/FONT]the pair remains under pressure and is challenging its support.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: [/FONT]1.6215
    [FONT=&quot]Preference: [/FONT] Short positions below 1.6215 with targets @ 1.611 & 1.6085 in extension.
    [FONT=&quot]Alternative Scenario: [/FONT] Above 1.6215 look for further upside with 1.625 & 1.63 as targets.
    [FONT=&quot]Comment: [/FONT] the pair has struck against its bearish channel upper boundary and remains under pressure as the RSI is capped by a MT declining trend line.

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

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