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.

Forex Trading Signals 7th March 2012 (Pre-EU Market Open)

[EURUSD] Intraday Highlight: the downside prevails
Pivot:1.3025
Most Likely Scenario: Short positions below 1.3025 with targets at 1.2945 and 1.291 in extension
Alternative scenario: Above 1.3025 look for further upside with 1.307 and 1.3095 as targets
Comments: the pair has validated a bearish flag and is approaching its previous low

Forex Trading Signals 6th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: THE BIAS REMAINS BULLISH.Pivot: 1.3010.
Most Likely Scenario: LONG positions @ 1.302 with targets @ 1.3075 & 1.3095.
Alternative scenario: The downside breakout of 1.301 will open the way to 1.297 & 1.2945.
Comment: the pair has rebounded on its support and should post further advance as the RSI is well directed but stands below its overbought area.

Forex Trading Signals 5th March 2012 (Pre-US Market Open)

EUR/USD INTRADAY: BULLISH BIAS ABOVE 1.301.Pivot: 1.301
Most Likely Scenario: Long positions above 1.301 with targets @ 1.3095 & 1.313 in extension.
Alternative scenario: Below 1.301 look for further downside with 1.297 & 1.2945 as targets.
Comment: the pair is facing a pull back on its support ahead of further advance.

Forex Trading Signals 5th March 2012 (Pre-EU Market Open)

EUR/USD INTRADAY: KEY ST RESISTANCE AT 1.305Pivot: 1.3050.
Most Likely Scenario: SHORT positions @ 1.304 with 1.3 & 1.297 in sight.
Alternative scenario: The upside breakout of 1.305 will open the way to 1.3095 & 1.313.
Comment: the pair is rebounding and is challenging its strong resistance, the RSI lacks upward momentum and is reversing down.

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

EUR/USD INTRADAY: KEY ST RESISTANCE AT 1.305
Pivot: 1.3050.
Most Likely Scenario: SHORT positions @ 1.304 with 1.297 & 1.2945 in sight.
Alternative scenario: The upside penetration of 1.305 will call for 1.3095 & 1.313.
Comment: the pair remains capped by a declining trend line and remains under pressure, the RSI is reversing down from its neutrality area.