4 October 2012 Forex Trading Signals

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EUR/USD intraday: bullish bias above 1.2875

Pivot: 1.2875.

Our Preference: LONG positions above 1.2875 with targets @ 1.2965 & 1.2985.

Alternative scenario: The downside breakout of 1.2875 will open the way to 1.284 & 1.28.

Comment: the RSI is supported by a bullish trend line.

 

GBP/USD intraday: under pressure.

Pivot: 1.6130.

Our Preference: SHORT positions below 1.613 with targets @ 1.6065 & 1.604.

Alternative scenario: The upside penetration of 1.613 will call for 1.6165 & 1.6185.

Comment: as long as the resistance at 1.613 is not surpassed, the risk of the break below 1.6065 remains high.

 

Source : Etoro trading central

category: Forex Signals Reviews Tags : , , , , , , , , , -

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