EURUSD

Gone Long E/G @ 0.8360 !

i entered @ 2880.. BB are squeezing, preparing for the news

Im long too...EG lets see, h4 TF

ok , then a pound long day perhaps . may try later after fibre signal .
fontu

What news ? employment news ? i don't really think it'll impact the pair a lot. european news aren't really effective on the pair, unless it's gdp
german news seem to have a higher impact on it

complete

IMO News are used to explain moves AFTER they happened only. In EU market wants to test 1.2939 (50% retracement + Pivot), so bad EU numbers will be "used" for that purpose. Then up to H4 6/8 MM @ 1.3062 and probably 1.3123.

I have got still absolutely not much time...

But I want to give you at least a minimum of something to work with ...



European Forex Technicals: JPY Weakness Unsustainable
15 Sep 2010, 08:30
By Francis Bray
A DOW JONES NEWSWIRES COLUMN


LONDON (Dow Jones)

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

2010-09-15_European Forex Technicals.pdf (8.8 KB)



Intraday EUR/USD: Tuesday's high at 1.3034 is likely to face renewed bull pressure as the 1.3000 level is breached to the upside for the first time since Aug. 11. Resistance at 1.3075 will be the initial target, but scope has been created for further gains towards the 1.3155/80 resistance cluster this week. Support lies at 1.2940, but downside risk looks limited to the 1.2895 area.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: Intervention has prompted a strong rally off Tuesday's fresh 15-year low at 82.87, and the Sep. 3 lower high at 85.23 is under threat. A bear resistance line also lies in this 85.23 area, which protects the Aug. 30 lower high at 85.91. However, JPY weakness is unsustainable and a test of support at 83.75 is likely. A break below 83.75 is required to leave the 82.87 low vulnerable.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: Corrects off Tuesday's bullish outside-day high at 1.5587 to consolidate the rally off 1.5348. Key support lies in the 1.5440 area and near-term bulls will look to defend 1.5440 vigorously and prompt a return to Wednesday's session high at 1.5554. A break above there is required to re-open the 1.5587 high, threatening 1.5650.

Weekly chart GBP/USD trend: Bearish.



Intraday USD/CHF: Corrects higher off Tuesday's low at 0.9933 as parity is regained, but gains are expected to be short-lived and limited to the 1.0065 area. The prevailing trend is bearish and a return to support at 0.9963 is likely, leaving the 0.9933 low vulnerable and threatening further weakness toward the November 2009 reaction low at 0.9916

Weekly chart USD/CHF trend: Bearish.


;-)

cpi and employment that could drive the pair intraday until us session, US news will determine stock markets intraday trend after the initial impact

2975/76 may harden as resistance

I really appreciate these summaries: terse, and to the point, most of the time well argued. Thanks!

The PA sucks , reluctant to go down, i'm closing for +30, tempted to reverse at this point, it could not clear below 1,2955, nor closing below 1,2964 on hourly basis, bulls are around this level

Ok , fibreman !

Tell us about retrace point...

Which one...!?

Bull flag on H1?

Another move below 70 and i'll try to buy for 1,3000 for a start, once it's clear it'll fly high

Forex Focus: Swiss Franc's Upside Is Limited Now
15 Sep 2010, 09:15

By Nicholas Hastings
A DOW JONES NEWSWIRES COLUMN


http://cdn.forexfactory.com/images/attach/pdf.gif 2010-09-15_Forex Focus.pdf (8.6 KB)


LONDON (Dow Jones)--Calling time on the Swiss franc rally.

At the moment, there is still plenty of reason for bulls to continue buying the Swiss currency. The Swiss economy continues to outperform its neighbors and uncertainty over the global recovery makes the franc attractive as a safe haven.



This is an interesting read ... I suppose

At this stage it can go anywhere, stuck between 1,2960 & 1,3000.
Gotta wait until it clears the range.
A move down around 1,2910 will be better to add longs

Hi Mikis

Yes Bull flag of the expanding Wedge Variety.Currently finding support at the 50 % fib retracement of the 1.33+ - 1.25+ Retracement from August

That's what I see also....

+ Rebound from Pivot on 5m + bullish Div on H1 = holding longs with TP1: 1.3062 TP2: 1.3123. If 1.2939 will be tested I've got another buy limit there with target @ TP1 .