Thursday, february 17, 2011
| The pair has struck against its resistance and is pulling back on its new support ahead of a further up move. Suggest long positions above 1.3525 with targets at 1.3615 and 1.367. The downside penetration of 1.3525 will call for a slide towards 1.35 and 1.346. |
| The pair has rebounded on its support and is challenging its new resistance, a pull back should not be ruled out ahead of a further up move. Suggest long positions above 1.6045 with 1.615 and 1.6185 in sight. The downside penetration of 1.6045 will call for a slide towards 1.602 and 1.5985. |
| The pair remains within a bullish channel. Suggest long positions above 83.3 with targets at 84 and 84.15. The downside breakout of 83.3 will open the way to 83.15 and 82.75. |
The pair and its intraday RSI have broken above their declining trend lines. Suggest long positions above 1 with targets at 1.0075 and 1.011 in extension. Below 1 look for further downside with 0.9965 and 0.9945 as targets.
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