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Tuesday, April 26, 2011

EURO/USD 26/04/11


EUR/USD INTRADAY: KEY ST RESISTANCE AT 1.457
Pivot: 1.4570.

Most Likely Scenario: SHORT positions @ 1.456 with 1.446 & 1.44 as next targets.

Alternative scenario: The upside breakout of 1.457 will open the way to 1.4625 & 1.465.

Comment: the break below 1.457 is a negative signal that has opened a path to 1.446.

Risk Warning:FOREX, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore,FOREX may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.

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