I am still looking at a long target goal of 1.4448 (many have said they are looking at 1.44). 1.448 is the current Weekly R3, current Monthly R2 and the 155% fib of last months H/L. First hurdle is getting back above (and closing over) 4280, then ...

EURUSD

2 pin bars on the EUR USD 15min chart. Time to start going back up?

vsa with Malcolm

OK thanks

vsa with Malcolm

what is EORM?

vsa with Malcolm

If this 15min closes above 4260 we may see a push to test 4300 today.

EURUSD

Based on yesterday's FOMC and the subsequant market reactions what does positive data for US going forward do? Keep people in stocks, EUR etc... or back into USD? NFP tommoriwibng is foracsting positive so I am curious how people see the market ...

EURUSD

Daily R2 is at 4301... 4300 level should provide some good resistance first time up IMHO.

EURUSD

Ok thanks for clarfiying.

Cable Update (GBPUSD)

I have not heard that expression before... what is a turt?

Cable Update (GBPUSD)

Careful ATM GBP news coming in 40 mins. Probably get a better price after.

Cable Update (GBPUSD)

We are between Week R2 and Day R1 4263 and 4211... could be in here until rate news in a few hours.

EURUSD

Also the daily pivot and weekly R1... should provide a nice support level after providing tough resistance on previous up moves last months.

EURUSD

Yes it is a tough week for sure.

vsa with Malcolm

Looking at GU and not EU? Do you have any concerns about the GBP rate statement / possible QE announcement tommorow affecting the upward flow of that pair?

vsa with Malcolm

Good size down candle forming on this pair this 15m candle... not on any others EUR, AUD, CHF etc...

Cable Update (GBPUSD)

Bear candle down testing weekly R1 as support on 15min.

EURUSD

That is very true and GBP is suppose to annouce the details of their QE tommorow along with their rate statement both of which could hurt sterling.

Cable Update (GBPUSD)

GBP is still sitting below it's earlier daily high but EUR is way above. I would have figured the opposite since GBP had really good news earlier with none for EUR?

Cable Update (GBPUSD)

Didn't move USDJPY much...

vsa with Malcolm

Right... The next 45 mins and then after relase should prove very interesting.

vsa with Malcolm