Daily Technical Levels from FXCC 09 Sep 2011

Intraday Technical Levels:

Pivot: 1.3970.
Preference: SHORT positions @ 1.396 with 1.3875 & 1.3815 in sight.
Alternative Scenario: The upside breakout of 1.397 will open the way to 1.402 & 1.411.
Comment: the RSI is capped by a declining trend line, the pair stands below its new resistance and remains
under pressure.

Intraday Technical Levels:

Pivot: 77.30.
Preference: LONG positions @ 77.35 with 77.7 & 77.85 as next targets.
Alternative Scenario: The downside penetration of 77.3 will call for a slide towards 77.05 & 76.8.
Comment: the pair stands above its new support and remains on the upside.

Intraday Technical Levels:

Pivot: 1.6025.
Preference: SHORT positions @ 1.6015 with 1.595 & 1.5915 as next targets.
Alternative Scenario: The upside penetration of 1.6025 will call for a rebound towards 1.6075 & 1.614.
Comment: The pair remains capped by a MT declining trend line, the RSI is turning down.

Daily Technical Levels from fxcc.com
Source: FX Central Clearing http://www.fxcc.com