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.
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Monday, March 24, 2014
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.
Friday, March 21, 2014
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.
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.
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.
Thursday, March 20, 2014
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.
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