EURUSD

I am looking for the 1 hour LTL to hold today.
I am currently long with a target of 2760.

Hmmm....waiting for USDCHF to confirm + London transactional orders to run through....

Yeah....you just got an hourly close below it. Let's see what comes next.

http://cdn.forexfactory.com/images/attach/pdf.gif

2010-08-27_European Forex Technicals (08h35 CET) 001.pdf (11.1 KB)


European Forex Technicals: USD Under Pressure

By TRADING Central
The Dow Jones Newswires Technical Analysis Partner



Intraday EUR/USD: the RSI is supported by a rising trend line, the pair stands above its support and should post a further up move. Suggest long positions above 1.268 with targets at 1.2775 and 1.283. The downside penetration of 1.268 will call for 1.265 and 1.259.

Weekly chart EUR/USD trend: Range



Intraday USD/JPY: the RSI is breaking above a declining trend line, the pair is on the upside. Suggest long positions above 84.4 with 84.9 and 85.2 in sight. The downside penetration of 84.4 will call for 84.15 and 83.9.

Weekly chart USD/JPY trend: Range



Intraday GBP/USD: the pair stands above its support and should post a rebound as the RSI is turning up. Suggest long positions above 1.5495 with 1.56 and 1.567 as next targets. The downside penetration of 1.5495 will call for 1.5425 and 1.5375.

Weekly chart GBP/USD trend: Range



Intraday USD/CHF: the pair has broken below its support and remains under pressure. Suggest Short positions below 1.0275 with targets at 1.0215 and 1.0185 in extension. Above 1.0275 look for further upside with 1.032 and 1.035 as targets.

Weekly chart USD/CHF trend: Range



Intraday AUD/USD: the RSI is mixed with a bullish bias. Suggest long positions above 0.8845 with targets at 0.892 and 0.898 in extension. Below 0.8845 look for further downside with 0.881 and 0.877 as targets.

Weekly chart AUD/USD trend: Bearish



;-)

und tschüss

2703 is the edge of the mofu to 2783
26892 is the mid
26781 is the lower edge. of the mofu.. be careful of a turn here

LOL :- scap that plan the TL broke 30 seconds after putting up the chart.

Edge as in holding below 2703 invalidates 2783, or that you're expecting a bounce from 2703 to 2783? I'm staring at USDCHF at the moment to see if it breaks out as well....

Nevermind....just saw your clarification above....LOL

Nice channel break. GU falling some too. Looks like bears are in play.

first singular move (down) of the day.. does it meaningfull for today ? USDX is regaining strength...

im not expecting nothing.. we could do anything. from pump and dump to 2382 today.. but levels to 2783 are still respected such as 2711 we will c how it acts here shortly

it says it wants to go there. 2783.. we will see. im just scalping

USDCHF says it's shit or get off the pot time....

Me too until after J-Hole.

I picked up a quick 20 pips on the Euro open, and I'm just gonna call it a day.

There is a lot of uncertainty in the market today...we have some GDP figs due, but the mystery is what three key speakers will say, and how the market will react.

Bernanke Speaks at 10 AM EST
Axel Weber Speaks at 1:30 PM EST ( I think that's the right time)
and Trechet speaks at 12:50 PM

The markets will often oscillate around a Big Fig with no clear direction on such a day as no one wants to put on a position either way fearing the market reaction that a single phrase in a speech can trigger.

Of course, the potential exists for a huge move as it did when Bernanke spoke to congress a couple weeks ago, but you could get caught on the wrong side, and pay dearly in slippage to get out.

So tread carefully Traders.... I'm taking my paltry 20 pips and starting an early weekend.

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2010-08-27_Forex Focus (09h16 CET) 001.pdf (11.8 KB)



Forex Focus: Aussie Will Suffer As The Doves Start To Circle


By Nicholas Hastings
A DOW JONES NEWSWIRES COLUMN

LONDON (Dow Jones)--As hopes for the global recovery run out, so do hopes for more Australian dollar gains.

In fact, the Aussie's rally over $0.90 earlier this month is hardly likely to repeated again just now.



;-)


mehr gibt es hier nicht...

could be.. usdx above 8291/93 fibs atm 8295.. oil hit upper tl.. but it dont matter till after news today.. anything can happen

one hour til Brit GDP - any buzz of a setup there?

Then, naptime til the US GDP show

I think we will see a big move today, up to 1.2775 at least, currently long.

Ok, not much surprises here atm.

EU is currently in a slight bullish consolidation. A clear break above 2756 will target 2817 ( being 2787 as a resistance)

Below 2665 lies bearish breakout targeting 2604

Russian & Chinese are buying EUR/USD according to forexlive

http://www.forexlive.com/128065/all/russia-buys-eurusd