| EUR/USD Pressured Below 1.29 |
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| martedì 22 agosto 2006 | |
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22 agosto Intraday EUR/USD: Comment: Intraday indicators are overbought and the 1.29 strong resistance should favor a correction. Our preference: SHORT at 1.2885with targets at 1.2812 and 1.279. Alternative scenario: A penetration of 1.29would open the way to 1.2975. Week EUR/USD: Bullish. Intraday EUR/GBP: Comment: The Relative Strength Index is ranging. Our preference: LONG at 0.682 with targets at 0.6839 and 0.685. Alternative scenario: A penetration of 0.6814 would call for 0.68 and 0.6782. Week EUR/GBP: Limited upside. Intraday EUR/JPY: Comment: The pair should bounce off a bullish channel support. Our preference: LONG at 148.5 with targets at 149.1 and 149.19. Alternative scenario: A penetration of 148.4 would call for 148.2 and 147.9. Week EUR/JPY: Bullish. Intraday EUR/CHF: Comment: The pair should bounce off a rising trend line. Our preference: LONG at 1.578 with targets at 1.5825 and 1.5835. Alternative scenario: A penetration of 1.5775 would call for 1.5745 and 1.5735. Week EUR/CHF: Bullish. |
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