EURUSD

1,3280 finally hit...

Now let's see if we can challenge a move towards 1,3300...but i wouldn't be surprise if it's fake!

lol...

I didnt expect us to test 3200 this morning but maybe now if we break below 3250...
But kinda mix feeling now..
if bull hold 3250..we may see 3318

Euro up 0.2 pct vs dollar at $1.3250, up 0.1 pct vs yen <EURJPY=> at 110.83 yen, having hit near 5-month high of 111.17 yen on short-covering and as risk sentiment improves, with equities looking set to rebound. Focus on UK budget and U.S. existing home sales data later.

* EURO/DOLLAR: "Euro/dollar maintained upside pressure yesterday but the near term rally is viewed as corrective, but we would allow for a return to the $1.3291/1.3325 region (9th February high), however we would again expect that to provoke failure. The market will stay bid intraday above $1.3140. Key near term support remains $1.2974/54, the February low, with a break below here triggering the slide to the $1.2624 January low. We continue to view the $1.3487 recent high as an interim ceiling for the market. While trading below here, the outlook will remain bearish."
* DOLLAR/YEN: "Dollar/yen remains downside corrective/consolidative very near term following its move last week to its initial target of 83.80 yen. We would allow for a slightly deeper retracement towards the 83.12/82.38 (cloud support on the 240 minute chart) but look for the correction to stabilise ahead of the 82.23 May 2011 peak. We look for the retracement to be contained by the base of the cloud on the 240 minute chart. While this holds, the bull move is fully entrenched and targets are 85.53, the April high then 86.80. This is the 23.6 pct retracement of the move down from 2007."
* STERLING/DOLLAR: "Sterling/dollar held steady yesterday and while we would allow for further possible gains towards $1.5927 (8th Feb high), we favour failure shortly. We continue to view the $1.5992 recent high as an interim ceiling for the market and expect failure ahead of here. Initial support lies at $1.5755/45, and the market will stay bid intraday above here. Prices will need to close below $1.5643 to trigger another leg lower and this should leave the focus on the $1.5235 January low."
* AUSTRALIAN DOLLAR/U.S. DOLLAR: "Australian dollar/U.S. dollar has remained capped by the 50 pct retracement at $1.0640 and interim resistance at $1.0670 and came under pressure yesterday. We look for a break below the $1.0403 200-day MA very shortly and this should trigger a slide to the $1.0382/40. This is the December 2011 high and the measurement down from its small top. This is a minimum target and beyond $1.0340 will look for losses to extend to $1.0260 then $1.0120. The market will stay directly offered below $1.0670."
* EURO/YEN: "Euro/yen remains on course for the 111.57 yen intervention high, we suspect that this will hold the initial test and we will see a pullback to the six-week uptrend which is located at 108.20. Longer term we target 113.29, the 61.8 percent retracement of the move down from the 2011 peak. Below 108.20 would target the two-month uptrend at 105.70, where ideally we should see signs of stabilisation. Note that we consider key support to be 102.21/101.79, the 14th February low."
* EURO/STERLING: "Euro/sterling there is a distinct lack of follow through on the downside. This is worrying, it should have been enough to signal the resumption of the down move and target the 82.65 February low and then the 82.21 January trough, however this lack of movement implies a possible rebound. We assume that the recent peak at 84.23 is an interim peak but key resistance remains 85.05/24 (the recent high and the eight-month downtrend). While capped here our medium term outlook is bearish."

for me as long as 1.3232/23 hold we are in bull garden

Very helpful and informative information. Thanks.

london session open the bull gate...

defiantly equity opened with bull , i don't trust London during first 30 minutes


bwn : did you learner anything from Ben last night ?

on the bull journey what is your major resistance , 1.3280-90 is there above that

edit aboutben: he teached me how to make a good bull roast fry...unfortunately its too cripsy

I don't trust this whole hour...
I'll wait for the next one

Fed Chairman Bernanke Testifies : Text of the testimony was unexpectedly released 17 hours earlier than the speaking time listed
http://www.federalreserve.gov/newsev...2testimony.htm

does like this?

dejavu anyone? when i made this post some days back, some people here all but called me crazy.

Could someone take a look and give us more or least a brief ?

Pre-news spike - eating stops to go down for some 30 pips at least..
SHorting for 1.3185

Edit: No doubt there are lots of stops at 1.3290 clustering so if it breaches...

all that from gbp index try break that resistance that old man i hope go down

morning guys...
back in asian session range... still in possible selling area on 5 min...
i expect eu to go up at least 3280... then we will see...

Beautiful gbp...targeting 1,6070 for now...with ups and down of course

Still waiting for a breach of 1,3300 on the eurusd...but i won't long the break as it can be fake

so it retesting 1.328.....