EUR/USD intraday: target 1.4235
26-May-11
07:11
Pivot: 1.4100.
Our Preference: LONG positions @ 1.411 with targets @ 1.42 & 1.4235.
Alternative scenario: The downside penetration of 1.41 will call for 1.404 & 1.4015.
Comment: the pair validated a symmetrical triangle calling for a rise towards 1.4235.
Trend: ST Ltd Upside; MT Range
Key levels Comment
1.4295** Intraday resistance
1.4235*** Pattern target
1.42** Fib retracement (61.8%)
1.416 Last
1.41*** Intraday pivot point
1.404* Intraday support
1.4015* Intraday support
Ticker: EUR
