EURUSD

Here is the real deal, if it can withstand attack against 1.3605-10, shorts are strong.

1.3615 was tough yesterday.

36 seems the key

could this become an inverted h&s...

European Forex Technicals: JPY Strength To Extend

30 Sep 2010, 08:08

By Francis Bray

A DOW JONES NEWSWIRES COLUMN

London (TRADING Central)

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

2010-09-30_European Forex Technicals (08h08 CET) JPY Strength To Extend.pdf (12.6 KB)



Intraday EUR/USD: The strong upward bias is set to challenge the April 12 lower high at 1.3692. Tuesday's sustained break above 1.3507 keeps bulls in control of the near-term, setting their sights on projected resistance at 1.3702. A fresh wave of bull pressure is required to force a break above 1.3702, creating scope for the 1.3896. Corrective weakness will attract support while above 1.3495, and only below there would concern bulls.

Weekly chart EUR/USD trend: Bullish.



Intraday USD/JPY: The support area at 83.25 is likely to be tested following Wednesday's push below 83.68, and prospects for further weakness towards the mid-Sept. 15-year low at 82.87 are high. The powerful prevailing bear trend is showing no natural signs of abating, and a 1.618 extension target at 82.68 is within reach. Former range lows at 84.12 now revert to resistance, and only a sustained push above 84.35 would lift the tone.

Weekly chart USD/JPY trend: Bearish.



Intraday GBP/USD: Direction has become choppy as the action falls within a bull consolidation pennant, and the upper boundary line around 1.5855 is under threat. A break above 1.5855 would open 1.5875 and Tuesday's reaction high at 1.5895, which protects the Aug. 6 reaction high at 1.5998. Weakness will attract support while above 1.5815, and only a break below 1.5764 would concern bulls.

Weekly chart GBP/USD trend: Bullish.



Intraday USD/CHF: A corrective rally is underway towards 0.9815 following the recovery off Wednesday's marginal low at 0.9734. However, upside scope appears limited to this 0.9815 resistance area, which protects Tuesday's lower high at 0.9878. Loss of 0.9760 would bring the focus back onto the 0.9734 low, and dominant bears still have the 1.618 extension target at 0.9625 in their sights.

Weekly chart USD/CHF trend: Bearish.



;-)

Anyway german unemployment on the way wll c

Where's the market reaction to Moodys downgrade to Spain? Or AIBs problems being 8x worse (according to Bloomberg) than originally reported (you already know what I think of reporting out of EZ)?

just a normal bounce off target #2 completion so far..

those numbers have been manipulated beyond recognition and from what i saw these days they will come out pretty good.

The first 30mn and the pair barely moved.
It's struggling to go up...Waiting for the next 30mn to see some real moves.
Don't disappoint me london

that would be my preference

If pair stays around 1.3605-10 just before news, looks like a setup for upside at 30min.

EURGBP Respecting Channel .........

EJ Bounce from WeeklyPivot 61.8 Fib, S3, Channel Support hum i missed this trade....

Bearish divergence on the 5M for this wedge, too. Waiting for the break...news as always could screw it up....

Indeed about to fall asleep and it's only 2.30 pm here

3616 should be the key for up move. Just my sense

H4- Bears attempted to push past 1.36 but bulls won that fight and is able to hold the bear at bay near 1.36.

1.36 can be seen as a launch off level for the bulls. Bears need to aggressively push price below 1.3550 in order to sustain control, but I doubt that will happen.

The current bar on the H4, if it turns into a doji, I'm taking a long position.

Chart - http://chart.ly/hlicorb

talk about retest 3594 & little up logically but not believed it will but doing nicely & strong , bull is not dead or weak yet ,'lets see what can do .
fontu

AGREE

Yep....especially with news we'll dick around awhile longer. Closed my lowest short - will look higher to re-enter.