Technical Analysis

On Wednesday Euro/Dollar traded within narrow 55 pip range. The European currency appreciated from 1.3210 to 1.3267 yesterday, matching the positive Interbank sentiment projection at over +15%, closing the day at 1.3247. This morning the Euro is trading quietly, with movements within yesterday's range for now. On the 1 hour

EUR/USD Today's support: - 1.3179 - 1.3140(main), where correction is possible. Break would give 1.3125, where correction also may be. Then follows 1.3084. Break of the latter would result in 1.3053. If a strong impulse, we would see 1.3018. Continuation will give 1.2974.

The Euro (1.3248) seems to be confused as where to go and is continuing to be ranged between 1.3200-3300. Will the German IFO data release today trigger a breakout of this sideways range? We will have to wait and see. Dollar-Yen (80.19) has risen above 80 and is keeping up

In the end we did see continued sideways consolidation for the entire day. There's risk of a little more to come into the European morning. However, I feel that as we go into the North American shift that price should poke its head up to the 1.3297-10 area which I

The EURO closed slightly higher on Wednesday and the midrange close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. Closes above the reaction high crossing are needed to renew the rally off

Supposedly the correctional wave (ii) of [iii] is completed. If this assumption is correct, we can expect a downward price movement in line with the impulse formation (iii) of [iii].

GBP/USD continues to decline after the recent Breakout through the horizontal support level 1.5762 identified previously by Autochartist on the 30-minute charts (as is shown on the Key Levels chart below). The Significance of this support level is rated at the 3 bar level. The Breakout of this support level

Last week I asked 'did the BoJ change the game?' as they altered their monetary policy stance regarding monetary policy Increased their asset purchase program by ¥10 trillion to ¥65T total, but more importantly adopted a consumer inflation target of 1%. Accordingly USD/JPY took flight, bottomed just ahead of