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EUR/USD intraday for 12-oct-2010

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Euro Usd Analysis for 12-Oct-2010

Today’s Pivot: 1.387

Short positions below 1.387 with targets @ 1.376 & 1.369 in extension.
Alternative scenario: Above 1.387 look for further upside with 1.391 & 1.3955 as targets.
Why to go Short: The pair remains under pressure, the RSI is showing mixed to bearish trend.

Levels to watch:
1.3955
1.391
1.387
1.3804 last
1.376
1.369
1.3635

Please share your position in forex trading info if you have any.

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About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

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