Tuesday, 7 May 2013

Trading Signals: EUR/USD intraday: under pressure

EUR/USD intraday: under pressure.

Pivot: 1.3115.

Our preference: SHORT positions below 1.3115 with 1.3035 & 1.299 as next targets.

Alternative scenario: The upside breakout of 1.3115 will open the way to 1.315 & 1.318.

Comment: the RSI is capped by a declining trend line, the pair stands below its resistance and remains under pressure.

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