Update Nhận định xu hướng-Chiến lược Phiên Âu 24/5/2011

GBP/USD intraday: the downside prevails.

Our preference: Short positions below 1.618 with targets @ 1.6055 & 1.603 in extension.
Alternative scenario: Above 1.618 look for further upside with 1.6212 & 1.6235 as targets.
Comment: the RSI is capped by a bearish trend line.

 
EUR/USD intraday: the downside prevails.

Our preference: Short positions below 1.4125 with targets @ 1.3965 & 1.3865 in extension.
Alternative scenario: Above 1.4125 look for further upside with 1.42 & 1.423 as targets.
Comment: the RSI is capped by a declining trend line.
Key levels
1.423
1.42
1.4125
1.4074 last
1.3965
1.3865
1.375