EUR/USD 10.02.2009

Date: 2009/02/10
Time: 07:27 (GMT +2)
Ticker: EUR
Last: 1.2858
Pivot: 1.295
1st sup. 1.28
2nd sup. 1.2745
3rd sup. 1.27
1st res. 1.295
2nd res. 1.3
3rd res. 1.3095

Title: EUR/USD intraday: the downside prevails.
Summary: Update on supports and resistances.
Story: Pivot: 1.2950.
Our Preference: SHORT positions @ 1.294 with 1.28 & 1.2745 as next targets.

Alternative scenario: The upside penetration of 1.295 will call for 1.3 & 1.3095.

Comment: the pair is on the downside and is approaching its next support, the RSI is under pressure and advocates for further decline.

Trend: ST Ltd Upside; MT Bearish

Key levels Comment

1.3095** Intraday resistance
1.3** Intraday resistance
1.295** Intraday pivot point
1.2858 Last
1.28** Intraday support
1.2745** Intraday support
1.27** Intraday support