Thursday, February 17, 2011

EUR/USD intraday on 17 Feb. 2011

EUR/USD intraday: rebound. Pivot: 1.3525

Most Likely Scenario : Long positions above 1.3525 with targets @ 1.3615 & 1.367 in extension.

Alternative scenario : Below 1.3525 look for further downside with 1.3495 & 1.346 as targets.

Comment : the pair has rebounded on its support as the RSI is turning up.



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