Thursday, April 3, 2014

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.