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Daily Technical Levels from FXCC 19 Aug 2011

Discussion in 'Market Predictions and Reports' started by alayoua, Aug 19, 2011.

  1. alayoua

    alayoua Banned

    Jul 19, 2011
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    Daily Technical Levels from FXCC 19 Aug 2011

    Intraday Technical Levels:

    Pivot: [FONT=&quot]1.4350.[/FONT]
    Preference: SHORT positions @ 1.434 with 1.426 & 1.4225 as next targets.
    Alternative Scenario: The upside breakout of 1.435 will open the way to 1.4395 & 1.442.
    Comment: the pair stands below its resistance and remains under pressure.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 77.00.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 76.95 with 76.3 & 76 as next targets.
    [FONT=&quot]Alternative Scenario: [/FONT] The upside penetration of 77 will, call for a rebound towards 77.2 & 77.5.
    [FONT=&quot]Comment: [/FONT]the pair remains under pressure and is challenging its support.

    Intraday Technical Levels:

    [FONT=&quot]Pivot: 1.6540.[/FONT]
    [FONT=&quot]Preference: [/FONT]SHORT positions @ 1.653 with targets @ 1.6425 & 1.64.
    [FONT=&quot]Alternative Scenario: [/FONT]The upside penetration of 1.654 will call for 1.659 & 1.6665.
    [FONT=&quot]Comment: [/FONT]the pair has broken below its MT rising trend line and remains under pressure.

    Daily Technical Levels from fxcc.com
    Source: FX Central Clearing

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