EUR/USD intraday: the upside prevails

30/08/2010 8:18:00

Story: Pivot: 1.2700.

LONG positions 1.271 with 1.2775 & 1.283 in sight.

Alternative scenario: The downside breakout of 1.27 will open the way to 1.266 & 1.262.

The pair stands within a ST bullish channel and should pull back on its support ahead of a rebound.

Key levels:
1.29 Intraday resistance
1.283 Intraday resistance
1.2775 Intraday resistance
1.2733 Last
1.27 Intraday pivot point
1.266 Intraday support
1.262 Intraday support