9 October 2012 Forex Trading Signals

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EUR/USD intraday: under pressure.

Pivot: 1.3010.

Our Preference: SHORT positions @ 1.3 with 1.2935 & 1.29 as next targets.

Alternative scenario: The upside penetration of 1.301 will call for a rebound towards 1.304 & 1.307.

Comment: the pair is posting a rebound but stands below its new resistance.

 

GBP/USD intraday: under pressure.
Pivot: 1.6065.

Our Preference: SHORT positions @ 1.6055 with targets @ 1.6015 & 1.5985.

Alternative scenario: The upside penetration of 1.6065 will call for a rebound towards 1.61 & 1.6125.

Comment: the pair is rebounding but stands below its resistance.

Source : etoro trading central

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