EUR/USD intraday: under pressure.

Date: 2011/03/24
Time: 00:41 (GMT +1)
Ticker: EUR
Last: 1.4112
Pivot: 1.416
1st sup. 1.404
2nd sup. 1.4
3rd sup. 1.3955
1st res. 1.416
2nd res. 1.4185
3rd res. 1.422

Title: EUR/USD intraday: under pressure.
Summary: Update on supports and resistances.
Story: Pivot: 1.416

Our preference: Short positions below 1.416 with targets @ 1.404 & 1.4 in extension.

Alternative scenario: Above 1.416 look for further upside with 1.4185 & 1.422 as targets.

Comment: the RSI is capped by a bearish trend line.

Key levels
1.422
1.4185
1.416
1.4112 last
1.404
1.4
1.3955