"IntelliTraders" 
EURUSD Trade Alert - 1/5/2012

1 post / 0 new
Last post
caseyb23's picture
Offline
Joined: 2011-03-03
Posts: 999
Points: 4610
EURUSD Trade Alert - 1/5/2012
Chart

Pivot: 1.291

Our preference: Short positions below 1.291 with targets @ 1.282 & 1.28 in extension.

Alternative scenario: Above 1.291 look for further upside with 1.296 & 1.3 as targets.

Comment: the RSI is badly directed, the pair has broken below its support and remains under pressure.

--

Casey