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.