I disagree a little... 1.50 level meant nothing on the way up, it hasn't even been tested once since the breakthrough... If you look at the daily and weekly charts, 1.4850 area must be revisited before further gains. Therefore, I am waiting for ...

EURUSD

The way I look at it EUR hasn't been overbought - rather USD has been overprinted...

EURUSD

Closed my short @1.9876, will short again if it bounces off the daily pivot (1.9894)

Cable Update (GBPUSD)

Why at 1.9820? The daily pivot is at 1.9794, and the next level is weekly mid-pivot at 1.9766 I am holding short since 1.9860, target to be seen as we approach it

Cable Update (GBPUSD)

Agreed, I expect a nice flight down. Probably right on the US rate cut.

Cable Update (GBPUSD)

Still, very wierd move considering that euro is sitting still. There is no reason for the GBP to strengthen vs. euro that rapidly right now... My take is that positive dollar news are being priced in. Being virtual, the UK economy is in much more ...

Cable Update (GBPUSD)

Weekly Central @ 1.9843, weekly pivot @ 1.9852, Daily R1 @ 1.9851 This is where this madness stops :-) As for the south direction, looks like it won't clear 1.98 as easy

Cable Update (GBPUSD)

I am short AUD/NZD, it reached a resistance line on the weekly chart. As long as USD/JPY doesn't fall suddenly we are in for a nice ride towards 1.18 and beyond

Aussie Pairs

I will be glad if we do :-) EUR/USD needs to test 1.4850 region for the next perfect long entry

EURUSD

Agreed. It only hangs by a thread on the daily pivot pont. Once 1.5629 gives the next stop is the weekly central (1.5614) or the daily central(1.5607).I went short @ 1.5635, target - 1.5616

EURUSD

Looks to me like this will be one of those slow Sundays that open without any gaps across all the currencies

EURUSD

As my favorite comedian Bill Maher said recently - George Bush calls this recession a slowdown because every time his advisors start talking to him about the economy he says "whoa, whoa, slow down!" On a serious note, it's not just George, but most ...

EURUSD

How do you expect the FED to intervene What will they sell? They only have more freshly printed dollars. Or do you suggest they will go short on EUR and cover it later? :-)

EURUSD

beautiful

EURUSD

Not quite obvious. Remember how it took over 1.45, 1.50, 1.55? Never retraced below

EURUSD

I think that was caused by profit taking, will be a smooth ride through next time

EURUSD

Other than the psychological 1.60 level the next one is the daily R1 at 1.6029 Probably there is a great deal of stop losses around 1.6 that could result in a jump to 1.6030

EURUSD

Just want to mention that all the talk how weak dollar helps US exports and trade balance is just not relevant since monthly hole in the trade balance is roughly equal to the price of all imported oil.

Sweet, sweet Oil

Would he agree that when it comes to pivot points, support and resistance level the cause and effect are flipped. That is, nowdays all the trading is computer-based, so all the market participants with all the tools handy overcrowd these levels in ...

What would you ask a Forex Master?

Closed half of my longs at the daily R1 (1.5944), looking for re-entry right about now (1.5910) Update: Long @ 1.5914, target - 1.5940, right belw the daily R1. The other half of long will ride through 1.6

EURUSD