Daily Forex/Technical Analysis - Pre EU Open - 3rd April 2014

EUR/USD Intraday: under pressure.
Pivot: 1.3795

Most Likely Scenario: Short positions below 1.3795 with targets @ 1.374 & 1.372 in extension.
Alternative scenario: Above 1.3795 look for further upside with 1.382 & 1.3845 as targets.
Comment: The pair has validated a rising wedge and remains under pressure.

Daily Forex Signals/Technical Analysis - Pre US Open - 24th March 2014

EUR/USD Intraday: under pressure.
Pivot: 1.3845

Most Likely Scenario: Short positions below 1.3845 with targets @ 1.3745 & 1.3705 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: The pair has struck against its resistance and remains under pressure.

Daily Forex Signal/Technical Analysis - Pre EU Open - 24th March 2014

EUR/USD Intraday: under pressure.
Pivot: 1.3845

Most Likely Scenario: Short positions below 1.3845 with targets @ 1.377 & 1.3745 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: The pair is posting a rebound but stands below its resistance.

Daily Technical Analysis/Forex Signals Friday, (Pre-US Open)March 21, 2014

EUR/USD Intraday: the downside prevails.
Pivot: 1.3845

Most Likely Scenario: Short positions below 1.3845 with targets @ 1.3745 & 1.3705 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: the RSI lacks upward momentum. The intraday process of lower lows and lower tops is still in place. As a consequence, the intraday trend remains bearish.

Daily Forex Technical Analysis - Pre EU Open - 21st March 2014

EUR/USD Intraday: the downside prevails.
Pivot: 1.3845

Most Likely Scenario: Short positions below 1.3845 with targets @ 1.3745 & 1.3705 in extension.
Alternative scenario: Above 1.3845 look for further upside with 1.388 & 1.39 as targets.
Comment: the RSI lacks upward momentum. The intraday process of lower lows and lower tops is still in place. As a consequence, the intraday trend remains bearish.

Daily Forex Trading Signals 20th March 2014 (Pre-EU Market Open)

EUR/USD Intraday: the downside prevails.

Most Likely Scenario: Short positions below 1.39 with targets @ 1.378 & 1.374 in extension.

Alternative scenario: Above 1.39 look for further upside with 1.3935 & 1.3965 as targets.

Comment: the break below the support at 1.39 triggered a downward acceleration to 1.374. The RSI is capped by a declining trend line.

Forex Trading Signals 2nd October 2013 (Pre-EU Market Open)

Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. 

EURUSD

Pivot: 1.3535.Most Likely Scenario: SHORT positions below 1.3535 with targets @ 1.349 & 1.347.
Alternative scenario: The upside breakout of 1.3535 will open the way to 1.356 & 1.3585.
Comment: the pair has broken below a rising trend line and remains under pressure.



See more after the cut

Forex Trading Signals 11th April 2012 (Pre-US Market Open)

EUR/USD INTRADAY: THE DOWNSIDE PREVAILS.
Pivot: 1.309
Most Likely Scenario: Short positions below 1.309 with targets @ 1.303 & 1.2995 in extension.
Alternative scenario: Above 1.309 look for further upside with 1.312 & 1.316 as targets.
Comment: the pair has validated a rising wedge and is posting a pull back on its new resistance ahead of further weakness.

Forex Trading Signals 11th April 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE DOWNSIDE PREVAILS.Pivot: 1.3090.

Most Likely Scenario: SHORT positions below 1.309 with targets @ 1.303 & 1.2995.
Alternative scenario: The upside penetration of 1.309 will call for 1.312 & 1.316.
Comment: the pair has validated a rising wedge and is posting a pull back on its new resistance ahead of further weakness.

Forex Trading Signals 4th April 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE BIAS REMAINS BULLISH.

Pivot: 1.2805.
Most Likely Scenario: LONG positions above 1.2805 with 1.2875 & 1.291 as next targets.
Alternative scenario: The downside breakout of 1.2805 will open the way to 1.279 & 1.277.
Comment: the pair is facing a pull back on its support, the RSI lacks downward momentum and is approaching its oversold area.

Wednesday, March 13, 2013 Forex Trading Signals 14th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: UNDER PRESSURE.Pivot: 1.2985.
Most Likely Scenario: SHORT positions @ 1.2975 with targets @ 1.293 & 1.288.
Alternative scenario: The upside breakout of 1.2985 will open the way to 1.301 & 1.3045.
Comment: the pair stands below its new resistance (former support) and remains under pressure, the RSI is posting a rebound but stands below its neutrality area.

Forex Trading Signals 13th March 2012 (Pre-US Market Open)

EUR/USD INTRADAY: THE BIAS REMAINS BULLISH.Pivot: 1.301
Most Likely Scenario: Long positions above 1.301 with targets @ 1.3075 & 1.31 in extension.
Alternative scenario: Below 1.301 look for further downside with 1.2985 & 1.2955 as targets.
Comment: the pair is posting a rebound on its support, the RSI stands around its neutrality area.

Forex Trading Signals 13th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE BIAS REMAINS BULLISH.Pivot: 1.2985.
Most Likely Scenario: LONG positions @ 1.2995 with 1.3075 & 1.31 as next targets.
Alternative scenario: The downside breakout of 1.2985 will open the way to 1.2955 & 1.2915.
Comment: the pair stands above its support and remains on the upside, the RSI stands above its neutrality area and is turning up.

Forex Trading Signals 11th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: UNDER PRESSURE.Pivot: 1.3035.
Most Likely Scenario: SHORT positions below 1.3035 with targets @ 1.2955 & 1.2915.
Alternative scenario: The upside penetration of 1.3035 will call for a rebound towards 1.306 & 1.31.
Comment: the pair is rebounding but stands below its resistance, the RSI stands below its neutrality area.

Forex Trading Signals 8th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.3060.
Most Likely Scenario: LONG positions @ 1.307 with targets @ 1.312 & 1.3155.
Alternative scenario: The downside penetration of 1.306 will call for 1.303 & 1.298.
Comment: the pair remains on the upside but should face a pull back on its support ahead of further advance, the RSI stands above its neutrality area.