2010-07-05

Comment, recommendations, signals for forex traiders - currency EUR/USD intraday

EUR/USD intraday: intraday support around 1.248.
Pivot: 1.248
My preference: Long positions above 1.248 with targets @ 1.257 & 1.261 in extension.
Alternative scenario: Below 1.248 look for further downside with 1.2435 & 1.24 as targets.
Comment: the pair should pull back on its support ahead of a rebound.

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