Forex Trading Signals March 1st 2013 (Pre- EU Market Open)

EUR/USD INTRADAY: UNDER PRESSURE. 
Pivot: 1.3095.
Most Likely Scenario: SHORT positions @ 1.3085 with 1.3035 & 1.301 in sight.
Alternative scenario: The upside penetration of 1.3095 will call for 1.313 & 1.3165.
Comment: the pair is rebounding but stands below its new resistance, the RSI stands below its neutrality area and lacks upward momentum. 

USD rebounds across the board as hedge funds add to long positions

Pairs like USD/CHF and USD/CAD are attracting hedge fund buying interest and all of the big Prime Brokers reported consistent USD buying from their big accounts. The GBP was the only one of the majors to hold its ground against the greenback, as it made back some lost ground on the crosses.

Forex Trading Signals 12th February 2012 (Pre-US Market Open) fxflowsignals.blogsp

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

EUR/USD INTRADAY: BULLISH BIAS ABOVE 1.3375. 
Pivot: 1.3375
Most Likely Scenario: Long positions above 1.3375 with targets @ 1.349 & 1.3525 in extension.
Alternative scenario: Below 1.3375 look for further downside with 1.335 & 1.328 as targets.
Comment: both the pair and the RSI have broken above a bearish trend line turning the outlook bullish.