well, there's london makets closed. 6 straight candles above 1.3000 and the last two are bullish. I think the selling is done for today.

Dudley Speaks: "Taper May Be Appropriate Later In 2013"

Well, this makes the 5th 15min candle in a row that hasn't been able to close below the 1.3000 level. I'd say someone is defending that area pretty well today. Still waiting for London close though.

Dudley Speaks: "Taper May Be Appropriate Later In 2013"

haha...I think as long as you speak about technicals and not fundamentals you are safe. pretty solid reject just above 1.3000 for the past 45minutes...see what london close brings.

Dudley Speaks: "Taper May Be Appropriate Later In 2013"

Lots of support at the major psych level 1.3000...will it break or do we buy? Be patient and price action will let you know.

Dudley Speaks: "Taper May Be Appropriate Later In 2013"

I think it's safe to say, don't trade EU today...it's stuck in a range...could go either way. Better pairs were/are GU and AU.

Unemployment insurance weekly claims report

Well there you go, not sure what target you were looking for...but if it's a scalp, price just spiked over 1.3100. Enjoy the profits...Cheers!

EUR/USD Trading in a near-term consolidation range between 1.3077 and 1.3122

Maybe that EU rally will come tomorrow for you...price just doesn't want to close above 1.3100 anymore today(so far at least...London close could change that).

EUR/USD Trading in a near-term consolidation range between 1.3077 and 1.3122

Considering EU started the year at 1.3200...all it has to do is close below that and you'd be right. I still think the low of the year was back on April 4th at 1.2744...we'll see in 6 more months. Happy Trading!

EUR/USD Trading in a near-term consolidation range between 1.3077 and 1.3122

Just about USD weakness across the board...EU still isn't wanting to go along with the other pairs. Back to the lows of the day. Now if it can clear above 1.3120, then I might look for longs.

EUR/USD Trading in a near-term consolidation range between 1.3077 and 1.3122

Not sure I would call it a strong rejection. Now AU jumping up 115pips from it's lows today and GU up 70...those are pretty strong. But EU??? It's only up 35. I'm going to hold off on trading EU until I get some better signals.

EUR/USD Trading in a near-term consolidation range between 1.3077 and 1.3122

You don't have to worry about the "bullish correction" or "consolidation range" anymore.

EUR/USD Trading in a near-term consolidation range between 1.3077 and 1.3122

Good luck on your longs...I'm going to stand aside, it's moved too much for me to enter anything per my plans. Cheers!

BOJ’s Kuroda: Japan’s economy has been picking up

If it breaks yesterday's high, 130.50 would be near term target.

BOJ’s Kuroda: Japan’s economy has been picking up

Most likely, I'll have to just watch from the sidelines...might kick myself later, but can't enter after such a run up without any pullback.

BOJ’s Kuroda: Japan’s economy has been picking up

It does appear the jpy's are strong today...buy on the dips could be the best play. Not sure I would buy up here at the highs though.

BOJ’s Kuroda: Japan’s economy has been picking up

This can't be the reason the jpy pairs have exploded in the past hour???

IMF to Suspend Aid Payments to Greece Unless Bailout Hole Plugged

Sweet...1.3160 is close enough for me! I always give myself +/- 10pips on either side of my targets.

Euro zone business slump eases but second quarter contraction likely: PMI

Isn't that the only way to trade?

US Unemployment Benefits Preview

1.3150 should be todays target...that would complete the leg1 leg2 pattern.

Euro zone business slump eases but second quarter contraction likely: PMI

Start selling the rallies on GU and EU...here comes the downtrend. We may not even get a rally to sell during London or US after what happened today...might just be a Leg 1(today) Leg 2(tomorrow) sell off pattern. Small rally could come next week.

HSBC Flash China Manufacturing PMI hits 9-mth low