EURUSD

usdx 8th candle H1 running down , dow still not break out with mostly eur gbp news today & positive forecasts & hence more upside eu & gu possible .To me an unusal spike up only. lets see .
fontu

Open your eyes.

http://3.bp.blogspot.com/_b8SU6xtcBC...ll_vs_bear.jpg

I suggest buying the dips today. As long as 3666 stands firm, you can buy dips.

We may test 3760 and 3784 today.

I am waiting for a pullback.

Also long on GU @ 6057

it's all about interpretation ... seeing that, he see's a bull is disguise so he paints the real entity that he see's ... open YOUR eyes

So let's see if I'm learning any s/r theory. If this takes out 40 here convincingly, there's nothing but air up to 67, and that's where the shootout will occur.

Even close?

Be careful with the GU, remember the comments said last week from their hierarchies, that currency can get squashed very easily. The euro looks bullish have a short b/c of the heavy resistance, if we break out im cutting it tho

s sig at 3743

http://www.forexfactory.com/images/attach/png.gif 2011-02-01_08h33_EURUSD _ min002 _ (1100 x 800) 001b.PNG (22.9 KB)


European Forex Technicals: Sterling Strength To Continue

By Francis Bray
A DOW JONES NEWSWIRES COLUMN

LONDON (Dow Jones) Rolling 24-hour chart levels:




Intraday EUR/USD: Euro bulls are poised to force a break into fresh two-month highs above 1.3760. Monday's strong recovery keeps the key 1.3540 support level intact, and a fresh bull wave is expected towards the wave equality target at 1.3841. Failure to force a break above 1.3760 would prompt lateral consolidation back towards Monday's low at 1.3570, but as part of a bullish continuation pattern.

Weekly chart EUR/USD trend: Neutral.




Intraday USD/JPY: Bears have regained control of the short-term, as Tuesday's current session low at 81.75 remains vulnerable. With the January 27 lower high at 83.22 secure protecting the 83.70 reaction high, a downtrend extension is likely to meet the wave equality target at 81.37. A three-month bear pennant support line lies at 81.27 for Tuesday's session. Corrective strength is limited to the 82.26 area, and upside risk is limited.

Weekly chart USD/JPY trend: Bearish.




Intraday GBP/USD: Prospects for the short-term have improved significantly following Tuesday's probe into fresh two-month highs above 1.6058. The 1.6095 high is the next upside target, but technically, scope has now been created for gains to 1.6182 and 1.6211. Former resistance at 1.5990 now reverts to support, but downside risk is limited at this stage.

Weekly chart GBP/USD trend: Bullish.




Intraday USD/CHF: Monday's setback off 0.9450 is likely to extend to meet targets at 0.9408 and 0.9386. However, a closely-knit support cluster has formed at 0.9386, which will look to protect Monday's four-week low at 0.9369. The structure of the three-week downtrend still has the December all-time low at 0.9301 as the main objective. Failure to meet 0.9408, combined with a break above 0.9450 is required to lift the tone, opening 0.9482.

Weekly chart USD/CHF trend: Bearish.




Intraday AUD/USD: Tuesday's strength is pushing above 1.0004 to challenge the three-week bear pennant resistance line at 1.0047. A break above 1.0047 is expected at this stage, opening the January 19 high at 1.0079 and boosting prospects for a stronger recovery towards 1.0150. Failure to force a break above 1.0047 would concern near-term bulls, and prompt a setback to the 0.9950 area.

Weekly chart AUD/USD trend: Range.







February 01, 2011 02:20 ET (07:20 GMT)

Long uj 81.82

short eu 1.374

I did the opposite, not at those price though.

Good luck

also shorted gu 1.606

but might abandon gu soon

inverted H&S on EU, be carefull with shorts

I have an analysis system for EURUSD with technical parameters and suggestion to trade. i think it will work for most of pairs too.

Analysis:

Rising to 1.3757 according to forming valley at1.32551
Consolidation at 61.8%2 retracement
Decline to 1.37573 by forming a Bearish Long Bar on Friday
Forming a new peak at 1.3583
=> According to forming Bearish Long Bar on Friday and new peak at 1.3757, initially bias would be decline to 1.34404 support in current week
=> Until 1.42805 resistance is not broken continuous of down trend is expected

Important Notices:
RSI:
=> Curve is falling by forming peak in touch with beginning of over bought zone

WEMA21:
=> Price is above WEMA21
=> Dynamic support against decline

Trading Suggestion is to “Sell “:
=> Price may turn back into the sell zone -1.40306 to 1.4280
So traders should attention to technical parameters and buy indications or daily forecasts to get into the market. Also some orders could remain open with no take profit.
Traders could set new sell orders by forming Shooting Star on Tuesday or increase.

Technical Points:
1. 1.3255 is valley on 17/01/2011
2. 61.8% retracement of 1.4280 to 1.2875 is at 1.3740
3. 1.3757 is peak on 27/01/2011
4. 1.3440 is peak and resistance on 04/01/2011 and 14/01/2011. It is acted as support after breaking on 21/01/2011
5. 1.4280 is end of the sell zone which had been support from 18/12/2009 till 19/01/2010. It is acted as resistance after breakingon20/01/2010 and acted as resistance on 04/11/2010. Also it is peak.
6. 1.4030 is beginning of the sell zone which had been resistance from 07/10/2010 till 02/11/2010

Morning people,

Waiting for long set-up here.

i know we have gone higher but 3752.3 was in the path since early jan.

I'm just waiting... for something to happen.

Can't short till I see a strong candle formation. Can't long till i see a strong breakout. zzz

On 5M? Not valid yet...

Almost as if its a sin to be long dollars in this environment. Literally

Hi all. Looking like it could go either way from here.

Sit and wait for set ups to present themselves, hopefully in for a good nights (sorry all you guys from UK etc night time here in Australia) trading.

Could potentially end up with some indecision and have range bound night.

SL at BE now.