Technical Analyzer

Title: EUR/USD intraday: turning down 9 March 2009 ( Monday ).



Date: 2009/03/09
Time: 07:23 (GMT +2)
Ticker: EUR
Last: 1.2633
Pivot: 1.2725
1st sup. 1.2557
2nd sup. 1.252
3rd sup. 1.2455
1st res. 1.2725
2nd res. 1.2775
3rd res. 1.281

Summary: Update on supports and resistances.
Story: Pivot: 1.2725.
Our Preference: SHORT positions @ 1.2715 with targets @ 1.2557 & 1.2525.

Alternative scenario: The upside penetration of 1.2725 will call for a rebound towards 1.2775 & 1.281.

Comment: the RSI is bearish and advocates for further decline, the pair is breaking below its bullish channel lower boundary.

Trend: ST Ltd Upside; MT Bearish

Key levels Comment

1.281** Intraday resistance
1.2775** Intraday resistance
1.2725** Intraday pivot point
1.2633 Last
1.2557** Intraday support
1.2525** Intraday support
1.2455** Intraday support