Strong 15m bull candle forming ATM. Close above 1.3920 needed to continue. If it fails at this level again. A lower low could be in the cards.

EURUSD

And 77.5 on the lower end ATM is key for further EUR upside.

EURUSD

77.60 appears to be a key level today on the USDx. A lot of price boucing at that level over the course of today.

EURUSD

If we have a 1h or better a 4hr candle close above 1.3920, it could open the door for 1.3965 and 1.4010 and a possible test of the daily pivot at 1.4051. If my latest 4hr candle closes below 1.3920 then I will turn short side bias looking to get ...

EURUSD

Asia session didn't leave much for London / NY in the Average Daily Range.

EURUSD

EURUSD needs to close below 1.3915 IMHO to open up more downside. The 38.2% fib of last week and the 200EMA both fall at the 1.3920 and 1.3917 levels and could provide a support bounce. A close below these levels on the 1hr (better with 4hr) should ...

EURUSD

The monthly R1 level at 1.5986 was a strong reversal point back in August 2010 sending the pair back down almost 700 pips. Will it prove to be a reversal point again or can the pair break and move higher? There is some important news events this ...

Cable Update (GBPUSD)

Week of Oct 11-Oct 15, 2010 (Tuesday to Friday) — No further update this week as I haven't traded since Monday... missed some crazy PA but oh well. I have decided to take a few weeks off trading as i am back to the drawing board on my trading ...

Prez Forex (pres78) Trading Journal

And Fibre came within 5 points of hitting it's 134% level... PA respects levels very well...

Cable Update (GBPUSD)

Not sure what price cable made for a high on others platforms but mine hit 6105 right on the button. 6105 is the 134% fib of last weeks H/L (again on my platform). Nice profit taking level especially to end the week. Price has now dropped back below ...

Cable Update (GBPUSD)

It did the same thing after the last NFP. Big spike up, full retrace and then it climbed back up for the rest of the day further than initial spike until London close. It basically ranged after that during NY only.

EURUSD

A close of this hour candle above the Weekly R1 levels on both the EURUSD and GBPUSD is key I think for the bulls. Both levels have proven quite stubborn for both pairs. EURUSD 1.4096 GBPUSD 1.6066

Cable Update (GBPUSD)

EUR and GBP are both sitting right around the Weekly R1 levels after the spike and retrace. Close above more bullish, close below could prove to be bearish.

EURUSD

What were Bernankes first words? QE2?

EURUSD

Yes Weekly R1 at 1.6066 has proven to be tough resistance yesterday and today.

Cable Update (GBPUSD)

Not much in the way of resistance betwen 1.41 and 1.42... could be a quick move up once broken and held.

EURUSD

Next week could prove to be very pivotal for the GBP. Easing is coming for them also and next weeks data and releases could prove to be very dovish causing a drop off in the GBP gains.

Cable Update (GBPUSD)

11 straight hours of candles opening and closing between last weeks 100% fib and what is now yesterday's 50% fib... and sitting in between the Daily Pivot and Monthly R1 levels. This Monthly R1 level provided good resistance on the initial move up ...

Cable Update (GBPUSD)

Yes what is going on with GBP right now? USD is killing EUR but GBP is holding fairly steady.

Cable Update (GBPUSD)

The site I watch USDx on showed a gap up when it started back up tonight?

EURUSD