Euro (€) / US Dollar ($) (EUR/USD) Mid-Session Update for December 27, 2012

The EUR/USD fell abruptly on Thursday after an early session rally. Today’s potential higher-high, lower-close now has the market in a position to form a secondary lower-top which is usually a sign that it is getting ready to change trend. 

After the early session rally, a new main bottom was confirmed at 1.3158. This brought up stops from under the 1.2876 bottom from December 7. According to the trend indicator chart, a move through 1.3158 will turn the main trend down on the daily chart.

Daily EUR/USD Chart

A Gann angle at 1.3283 helped provide the resistance today from the 1.3308 top. Technically, this set in motion the early selling pressure shortly before news broke that triggered the sharp sell-off. According to the chart pattern on the daily chart, a break through 1.3158 could drive the market into an uptrending Gann angle currently at 1.3136.

This angle has provided strength and direction for the Euro since December 7. A break through it likely means that sentiment has shifted to the downside, making the market vulnerable to a near-term correction into a retracement zone.

Based on the December 7 bottom at 1.2876 to the December 19 top at 1.3308, a normal correction of this range targets a retracement zone at 1.3092 to 1.3041. If downside momentum continues then traders should watch for an eventual break into this zone over the near-term. 

Since this has become a news driven market, investors should watch for increased volatility. 

Credit : By FX Empire Analyst - James Hyerczyk 

EUR/USD Forecast December 27, 2012, Technical Analysis

The EUR/USD pair rose during the session on Wednesday as the bullishness continues. However, the market still looks like it is trying to consolidate between the 1.3150 and 1.33 levels. This market seems to be “stalling” at the moment, and as a result we think that this pair will continue to struggle to find any real traction between now and the end of the year.

A break above the 1.33 level would have us buying again, and in full force. However, we think the “fiscal cliff” talks will continue to push this pair around, and it looks as if that situation is stalling at the moment. Because of this, we think this pair goes nowhere until next year.

Credit : FX Empire Analyst - Christopher Lewis

Euro (€) / US Dollar ($) (EUR/USD) Mid-Session Update for December 26, 2012

After posting an inside day on December 24, the EUR/USD expanded its range to the upside with a move to 1.3253. The rally actually did nothing to the structure of the chart pattern except keep prices in the upper end of the monthly range. 

The main trend is still up on the daily chart despite the two-day setback from the December 19 closing price reversal top at 1.3308. Today’s action has helped form a minor bottom at 1.3158. A trade through 1.3253 will turn this bottom into a main bottom. If a main bottom is formed then a trade through it will turn the trend to down. Otherwise, the Euro is likely to push higher against the dollar, eventually resuming the uptrend on a breakout over 1.3308. 

Daily EUR/USD Chart

Based on the near-term range of 1.3308 to 1.3158, a new retracement zone has formed at 1.3233 to 1.3251. Today’s high proved to be a successful test of the Fibonacci price level or upper end of this zone. If the short-term rally fails in this zone then this will be a potentially bearish sign. The formation of a secondary lower-top will be a clear sign that sentiment is shifting to the downside. 

Besides the retracement zone, Gann angle resistance at 1.3228, 1.3268 and 1.3288 could any rally today, but taking out these angles and closing above them will be strong signs that the buying is greater than the selling and that 1.3308 will eventually fail as a top. 

In summary, the main trend is up, but the EUR/USD could be setting up for a secondary lower-top. The failure to continue the current rally will suggest the market is poised for a break to 1.3092 over the near-term. 

Credit : By FX Empire Analyst - James Hyerczyk 

EUR/USD Forecast December 26, 2012, Technical Analysis

EUR/USD initially rallied during the shortened Christmas Eve session on Monday, but failed to hold above the 1.32 handle and formed a shooting star. The market has produced three shooting star is the last four sessions now, and as a result we believe that a fall from this area could be coming.

However, we see the 1.3150 level as a significant support level at the moment, and because of this we are not ready to start selling quite yet. In fact, we think this is a bit of a soft “zone” that should produce enough support that we really need to see a move down below the 1.3100 handle. On a daily close below that number, we believe that you could move as low as 1.2900 in the relatively short term.

One of the biggest drivers of this pair will without a doubt will be the so-called “fiscal cliff” talks that are going on in Washington DC currently. This is a “risk on” type of pair, and as a result we will not see this pair gained much until that situation gets resolved. In fact, as long as this discussion continues, we think that there will be some very strong headwinds against gaining in most risk related currencies.

Judging by the shape of these candles however, this correction could be coming fairly quick. We don’t necessarily look for this market to meltdown, simply that we will need to see a quick correction in order to wake up Congress, and get them back to work. This happens quite a bit, as the stock markets will suddenly fall when things aren’t quite right, and then suddenly the congressional members can get something together and propose legislation. We think this is essentially what’s going on right now, and once we see some type of resolution, we could see this pair skyrocket as the bullishness would undoubtedly return to the Euro and other risk related commodity currencies out there. With that being said, we think this is going to be a quick plunge down, followed by a more sustained move higher.

EUR/USD Forecast December 26, 2012, Technical Analysis

Credit : FX Empire Analyst - Christopher Lewis

EUR/USD Forecast December 24, 2012, Technical Analysis

The EUR/USD pair fell on Friday, but found quite a bit of support at the 1.3150 handle as it bounced from that significant level. With Wednesday and Thursday both printing shooting stars, and the Friday candle pretty when essentially looks like a hammer, it appears this market ready to consolidate in this general vicinity. This is not surprise to us as the week ahead is a holiday week, and as such most traders won’t be willing to take large positions. However, or break down below the 1.3150 level would be a very sign that we could continue much lower, but a break above the 1.33 handle is very bullish. Until we get one of these moves, this pair will more than likely sit still.

EUR/USD Forecast December 24, 2012, Technical Analysis

Credit : FX Empire Analyst - Christopher Lewis

Weekly Price Action Trading Outlook for December 24th to 28th 2012

EURUSD – Euro/dollar moves lower from pin bar reversal

The EURUSD saw a dramatic shift into last week’s close as the pin bar signal that we discussed in Wednesday’s commentary saw price move lower. It’s worth noting that on Thursday price retraced to just above the 50% level of Wednesday’s pin bar, allowing for a 50% entry strategy to be used on this pin bar. This is one of the pin bar entry techniques discussed in my trading course and it allows for a tight stop loss placement and huge potential risk reward. Going forward, it looks like sellers have control of the market at this point and we could see this short-term bearish momentum continue this week. There’s a bearish pin bar on the weekly chart and the 4 hour formed pin bar sell signals late last week. Thus, if this market continues lower this week and can break down below near-term support at 1.3125 we could see a larger move lower. However, we need to keep an eye on the price action near 1.3125, if the market shows strength and rejection of lower prices near that level we might see the market resume it’s previous bullish momentum.

Forex Trading Commentary by Nial Fuller 

EUR/USD Forecast December 21, 2012, Technical Analysis

The EUR/USD pair tried to rally during the Thursday session, but failed once we got closer to the 1.33 handle again. This is the second shooting star in a row on the daily chart, and it does suggest that the Euro is running into trouble. However, we are above the previous resistance level at 1.3150, and this is something that we give great weight as the breakout was so difficult.

With. These two candles, it suggests to us that this market is ready to pullback. Whether or not 1.3150 holds as support is a completely other conversation, but we have reason to believe looking at the longer-term history of this level that it is indeed strong support.

Things in Europe seem to be moving along much better than they had been previously, and this is especially true when you look at the bond markets. The yields in such countries as Greece and Spain have come down drastically, and this of course has the market much more comfortable with parking as money in Europe. Adding to this was the amazing upgrade by Moody’s of Greek debt just 48 hours ago. This was something that we thought would take years to turn around, and quite frankly we are surprise that the Greeks have pulled off as much is they have already.

Because of this, it appears that the euro is set to go higher overall, but this looks like a fairly significant resistance going up to the 1.34 handle. It isn’t until we get above that that we feel clear sailing has come, and because of that we figure that a lot of the move higher will be very choppy. These to shooting stars in a row are a perfect example of this kind of choppiness that we expect, and as a result we think that waiting for the pullback to 1.3150 will be the trade to take. If we can get a proper supportive candle near that level, we are more than willing to go long. Alternately, if we managed to break the highs of both Wednesday and Thursday, we would think that is a very bullish sign as well.

EUR/USD Forecast December 21, 2012, Technical Analysis

Euro (€) / US Dollar ($) (EUR/USD) Mid-Session Update for December 20, 2012

The EUR/USD followed through to the downside following Wednesday’s closing price reversal top. This move should’ve triggered a sharp break, but the market was able to find support on a main uptrending Gann angle at 1.3200. 

Early in the mid-session, the EUR/USD found support at 1.3188. Based on the near-term range of 1.3308 to 1.3188, a retracement zone was formed at 1.3248 to 1.3262. If the market is poised for a correction, this zone has to become new resistance. 

Daily EUR/USD Chart

The closing price reversal top does not indicate a change in trend, but rather the start of a near-term correction of the last rally. The short-term range is 1.2876 to 1.3308. The retracement zone of this range at 1.0320 to 1.3041 is the next potential downside target. One can see from the chart that under the uptrending Gann angle at 1.3200, the market has plenty of room to the downside. 

At the mid-session, traders should watch to see if sellers show up on a test of 1.3248 to 1.3262. If they do, then look for the EUR/USD to begin to rollover. If upside momentum is too strong, the Euro will not hesitate in this zone. Taking out the closing price reversal top at 1.3308 negates the chart pattern and could trigger an acceleration to 1.3385. 

Credit : By FX Empire Analyst - James Hyerczyk 

Forex Trade Setups Commentary: EURUSD and GBPUSD Pin Bar Reversals, 20th December 2012

EURUSD – Euro/dollar pin bar reversal signal

The EURUSD pushed higher early in today’s session but pared all gains into the New York close and formed a bearish pin bar reversalsetup in the process. We could see this market rotate down from today’s pin bar into support before the uptrend resumes again. Key near-term support is seen down near 1.3125, but if this market starts falling aggressively we could see it make a deeper move to the downside. Keep in mind that even though today’s pin bar is a solid looking sell signal it’s still counter trend, so be aware that counter-trend trading is inherently riskier and should only be tried by experienced traders. If this market does move lower and into the support zone marked on the chart below we could watch for price action buy signals to rejoin the uptrend.

Forex Trading Commentary by Nial Fuller 

EUR/USD Forecast December 20, 2012, Technical Analysis

The EUR/USD pair shot straight up during most of the session on Wednesday, but ran into far too much trouble as the 1.33 level in order to keep going higher. With the headline risks out there currently, it is not surprising that some chatter out of Washington DC put fear back into the marketplace, and therefore people selling this pair. With this being the case, we formed a massive shooting star, and it appears that we are going to pullback. However, we have broken out above the 1.3150 resistance level, and suggest that it will more than likely find support either at that level or just below it. Because of this, we do not feel that this is a sellable that even though the candle looks so good for the sellers.

EUR/USD Forecast December 20, 2012, Technical Analysis

Credit : FX Empire Analyst - Christopher Lewis

ติดงาน

อาทิตย์นี้ งดลงบทวิเคราะห์นะครับ ติดงานประจำ อย่างแรง อาทิตย์หน้าว่ากันใหม่
โชคดีทุกคนนะครับ

EUR/USD Forecast December 18, 2012, Technical Analysis

The EUR/USD pair did very little during the session on Monday as it simply went back and forth in a very tight range. However, we remained above the crucial 1.3150 handle, and this does suggest that there is still an upward bias in this market. After all, we broke out on Friday, and the fact that we didn’t fall back into the previous range on Monday does suggest that there is enough interest to keep pushing the currency pair higher.

If we managed to break the highs from the Friday session, we would suggest this market goes higher, but there is a lot of noise above. With that in mind, expect choppy conditions with an upward bias going forward. Also, do not forget that if the end of the year, and liquidity will become a real concern the closer we get to New Year’s Eve.

EUR/USD Forecast December 18, 2012, Technical Analysis

Credit : FX Empire Analyst - Christopher Lewis

Euro (€) / US Dollar ($) (EUR/USD) Mid-Session Update for December 17, 2012

The EUR/USD surged to the upside overnight, taking out the September 17 top at 1.3172 on its way to 1.3187. The rally reaffirmed the uptrend, but the subsequent intraday reversal suggests that the market may be overbought and ripe for a nearby correction. 

Daily EUR/USD Chart

Currently holding up the market is a pair of uptrending Gann angles at 1.3140 and 1.3116. Besides a closing price reversal top, a break through these angles will signal a shift in sentiment. Although the market is expected to show weakness, the move is not expected to be a trend changing event but rather a correction. Based on the short-term move from 1.2876 to 1.3187, a reversal top today is likely to trigger a possible move into 1.3032 to 1.2995 over the near-term. 

Weekly EUR/USD Chart

If traders can regroup later today then they may mount a challenge of the weekly chart resistance at 1.3240. This downtrending Gann angle is slightly below the May 2012 top at 1.3283. 

At the mid-session, the key concern for bullish traders is the possibility of a daily closing price reversal top and the start of a short-term correction.

Credit : By FX Empire Analyst - James Hyerczyk 

EURUSD Forecast 17/12/2012 Daily

EURUSD 17/12/2012 H1

กราฟยังอยู่ในโซนขาขึ้น  คาดการณ์ว่าลงมาพักตัวแถวๆ pivot แล้วจากนั้นขึ้นไปเทส Hi เดิม ถ้าผ่านก็ขึ้นยาวๆ 

ให้เตรียม Buy ในช่วงกราฟลงมาพักตัว

Euro (€) / US Dollar ($) (EUR/USD) Mid-Session Update for December 17, 2012

The EUR/USD made an explosive move to the upside on Friday, taking out last week’s high at 1.3126 and the October 17 top at 1.3139. The strong momentum suggests that traders may be already setting their sights on the September 17 top at 1.3172. 

The strong move has also placed the Euro on the bullish side of an uptrending Gann angle at 1.3120. Another uptrending Gann angle at 1.3076 is providing additional support.

DAILY EUR/USD CHART

 The move by the EUR/USD is also rattling the weekly chart. Today’s move broke out over a downtrending Gann angle from the 1.4247 top from October 2011. This angle is at 1.3067.

WEEKLY EUR/USD CHART

A close on the high today will put the market in a position to challenge another downtrending Gann angle from the top formed the week-ending May 6, 2011 at 1.4940. This angle is at 1.3240. A move through this angle will represent a serious shift in investor sentiment.

Credit : By FX Empire Analyst - James Hyerczyk 

EUR/USD Forecast December 17, 2012, Technical Analysis

The EUR/USD pair broke above the 1.3150 level at the end of the session on Friday, signaling a new leg of in this currency pair. Is because of this that we think a break above the highs from the Friday session will signal that the pair is prepared to grind higher, and aim towards the next major resistance area in the form of the 1.340 level. We actually believe that we will eventually at 1.35, but it will be a grind, not a shot straight up.

This is mainly predicated upon the Federal Reserve and its quantitative easing policies, and the fact that the European debt issue seems to be in the back burner right now. Going forward though, there will be shocks to the system that will cause this pair to be erratic at times, especially considering that we are in the last two weeks of the year which of course is typically low-volume trading.

Credit : FX Empire Analyst - Christopher Lewis

Forex Trade Setups Commentary: EURUSD Market Update – 14th December 2012

EURUSD – Euro/dollar ends week at key resistance

The EURUSD strengthened significantly this week, gaining ground for the last 5 days in a row. We can see this market broke up from an inside bar setup that formed just above key 1.2875 support on Monday and then moved higher into today’s New York close. The market pushed up and tested key resistance near 1.3170, closing the day slightly below that key level. Next week, this key resistance will be important, if the market continues higher from current levels and closes above 1.3172 on Monday, it will be a very bullish sign and will essentially put an end to the range-bound conditions we’ve seen in this market for a while now. If the market rotates lower from current levels we will keep a close eye on support levels for price action buy signals to join the fresh bullish momentum in this market.

Forex Trading Commentary by Nial Fuller 

EUR/USD Forecast December 14, 2012, Technical Analysis

The EUR/USD pair did very little during the session as we went back and forth but essentially got nowhere. This market looks like it’s starting to overextended itself a little bit, but we have to admit that the recent low is higher than the previous ones. With this in mind, we feel that the 1.29 level is now the floor in this marketplace, while the 1.3150 level continues to be the ceiling. Because of this, we are not interested in buying at this point as it would simply be “chasing the trade.”

We like shorting appear on signs of weakness, so the first daily candle that looks like a selling opportunity, we will do so. Alternately, if we managed to break the lows of the neutral candle for the Thursday session, we think that would be a feasible sell signal to. Keep in mind though, this is a relatively tight consolidation area and any move that we may would be relatively short term.

Credit : FX Empire Analyst - Christopher Lewis

EURUSD Forecast 14/12/2012 Daily

EURUSD 14/12/2012 H1

ให้เฝ้าระวังแนวรับแนวต้านตามรูป ถ้าผ่านแนวใดไปก็เปิด order ตามน้ำได้เลย 

แต่ส่วนตัวแล้วคาดการณ์ว่าน่าจะขึ้นมากกว่า

EURUSD Forecast 13/12/2012 Daily

EURUSD 13/12/2012 H1

จากเมื่อวานกราฟไม่สามารถทำรูปแบบหัวและไหล่ได้  และทะลุขึ้นไป ทำให้อยู่ในโซนขาขึ้น

วันนี้คาดการณ์ว่าอาจจะลงมาแถว pivot จากนั้นค่อยขึ้นไปเทส Hi เดิม ถ้าผ่านก็ยาวเลย

EUR/USD Forecast December 12, 2012, Technical Analysis

The EUR/USD pair rose sharply during the session on Tuesday, and as a result we find the market closing the day above the 1.30 handle. We also are closing the very top of the candle for the day, which of course is always a bullish sign.

Now that we are starting clear the 1.30 handle, the real work begins. I see a ton of resistance above and going all the way to the 1.3150 level. Because of this, it is going to be difficult to buy this market, and as a result I would feel much more comfortable being involved at one of the larger and more long-term areas such as the above-mentioned 1.3150 handle. Because of this, we think that the Euro will be difficult to trade as it has moved so far in such a short amount of time.

Credit : FX Empire Analyst - Christopher Lewis

EURUSD Forecast 12/12/2012 Daily

EURUSD 12/12/2012 H4

กราฟขึ้นมาติดแนวต้านเก่า ถ้าไม่ผ่านอาจจะกลับลงมา และอาจจะกลายเป็นรูปแบบ หัวและไหล่

ถ้าการทำรูปแบบหัวไหล่ไม่สมบูรณ์ก็คงต้อง Buy ตามน้ำสั้นๆ เอากำไรนิดๆหน่อยๆยังพอไหว

EUR/USD Forecast December 11, 2012, Technical Analysis

The EUR/USD pair had a decent day on Monday, as we bounced back above the 1.29 handle. It now appears that the 1.29 area will offer significant support going forward, and as such we may have a tightening of the range in this currency market. Right now, we would have to say that the Euro looks favored at the moment, and with the FMOC meeting over the next couple of days, we could see softness in the US dollar in general. If there’s any talk of further quantitative easing, we could get a bit of a rally in this marketplace. As for selling, we need to see a sustained daily candle below the 1.2880 level in order to be convinced that we are moving back down to the 1.27 level.

Credit : FX Empire Analyst - Christopher Lewis

EURUSD Forecast 11/12/2012 Daily

EURUSD 11/12/2012 H4

คาดการณ์ว่าอาจจะขึ้นไปก่อนนิดนึงจากนั้นค่อยลงมาทดสอบ low เดิม ถ้าไม่ผ่าน จะขึ้นไปทดสอบ Hi ที่ทำไว้ก่อนลงมาทดสอบ low  ถ้าผ่าน low เดิมไปได้ ทิศทางจะเป็นขาลงมีสูง

Weekly Price Action Trading Outlook for December 10th – December 14th 2012

EURUSD – Euro/dollar remains range-bound

When we last talked about the EURUSD in Tuesday’s commentary, we mentioned it was fast approaching the key resistance zone at 1.3130 – 1.3171. We can see the market moved up to just below that resistance on Wednesday, hitting a high of 1.3126 before reversing sharply into the week’s end. This market did show some bounce off support at 1.2875 on Friday, however Friday’s bar is definitely not a pin bar, despite the many emails we received from traders thinking it was a pin bar. If you need more clarification on the pin bar please see this article: pin bar definition. This week, if the EURUSD can hold above 1.2875 we could see higher prices, otherwise if it moves down it will face another support near 1.2820 – 1.2800 that we could watch for price action buy signals forming near.

credit : Forex Trading Commentary by Nial Fuller 

EUR/USD Forecast December 10, 2012, Technical Analysis

The EUR/USD pair fell during the balance of the Friday session as the US jobs number came out much stronger than anticipated. However, once the Europeans went home for the weekend, the Americans pushed this pair back up as a typically will do with good news.

The 1.29 level seems to be very supportive, and as a result we had this hammer form. Because of the shape of the candle, it looks like we are going to get a bit of a bounce from this area, and as a result we will more than likely see higher prices going forward. On a break of the highs from the Friday session, we would be willing to buy this pair and aim for the 1.31 handle again.

Credit : FX Empire Analyst - Christopher Lewis

EUR/USD Forecast December 7, 2012, Technical Analysis

The EUR/USD pair fell rather precipitously during the Thursday session as ECB Chairman Mario Draghi suggested that there was more demand out of the ECB members for a rate cut, and that growth will be smaller than projected over the next couple of years. Because of this, the Dollar gained against the Euro and hints that the interest-rate differential will continue to decrease should continue to push this currency pair lower over the longer-term.

We had wondered whether or not this market can get above the 1.3150 level and it now looks like that level should hold true. Having said that though, we do see significant support all the way down to the 1.29 level and today is nonfarm payroll Friday. Because of this, we will not initiate a new position at this point time and wait until we get a close to decide which traction to trade on Monday.

Credit : FX Empire Analyst - Christopher Lewis

EURUSD Forecast 7/12/2012 Daily

EURUSD 7/12/2012 H4

ดูจากเทรนใหญ่แล้วก็ยังเป็นขาขึ้นอยู่ แต่ลงมาพักตัวแรงไปหน่อยสำหรับเมื่อวาน

ระหว่างนี้อาจจะ Sell เก็ยเป็นระยะๆก็ได้ 

แต่ให้รอจังหวะ Buy เป็นหลัก

EURUSD Forecast 6/12/2012 Daily

EURUSD  6/12/2012  H4

ขึ้นมาเยอะแล้ว ได้จังหวะลงมาพักตัว คาดการณ์ว่าลงมาพักตัวแล้วขึ้นต่อ

ขา Sell ยังพอได้อยู่แต่ควรระวัง

ขา Buy รอจังหวะลงมาพักตัว ถ้ามาสัญญาณกลับตังให้เตรียม Buy ได้เลย

EUR/USD Forecast December 4, 2012, Technical Analysis

The EUR/USD pair rose during the session on Monday as the “risk on” trade was in full effect for most of the trading day. This pair looks ready to aim for the 1.3150 level again, and as a result we are going to be very interested in how price reacts to that area as we approach it.

We feel that we are too far into the rally to buy at this point, and as a result we are actually looking to sell this pair as we get close to the “top” of the resent range. The area has held true over the last several months, and a shooting star or some other sign of weakness at that point would have us selling.

Credit : FX Empire Analyst - Christopher Lewis

EURUSD Forecast 4/12/2012 Daily

EURUSD 4/12/2012 H4

คาดการณ์การว่าคงจะขึ้นต่อ แต่คงลงมาพักตัวก่อน

วันนี้คงลงมาพักตัวอย่างเดียว แต่ก็ให้เตรียมตัว Buy ไว้ ถ้ากราฟลงมาแรง

วันนี้ให้ Sell เก็บกำไรตอนลงมาพักตัว แต่หลักๆยังคงมอง Buy

EUR/USD Forecast December 3, 2012, Technical Analysis

The EUR/USD pair rose during the Friday session, but gave back quite a bit of the gains in order to form the second shooting star in a row. These to shooting stars were preceded by a hammer on Wednesday, and this suggests that although we have upward momentum in this market, we are starting to lose it.

This type of series of candles also suggests to us that perhaps we are running out of decisiveness to. In other words, we may enter a tight consolidation zone just below the 1.30 level. This would make sense, as the 1.30 level is a large round psychologically significant number, and there are plenty of concerns around the world right now that would have a detrimental effect on the Euro. The US “fiscal cliff” is something that could have a negative connotation for global markets all over, and as such it would take the “risk appetite” out of the currency markets.

Ironically, this would mean a run to the US dollar. This is because the US Treasury markets are the most liquid and considered to be the “safest” in the world. As people run for safety, they will need to have US dollars. In a perverse kind of way, the US dollar may benefit by the ineptitude of the U.S. Congress.

Looking forward, we need to break out of this very tight consolidation area, but it is likely that we may have trouble until we get some type of announcement about the fiscal discussions. If we can manage to get some type of agreement, this should push his pair higher as well as any other “risk appetite” currency pair. Until that happens however, we think that this market will simply go back and forth and provide short-term trades more than anything else.

If you are trading this market from the short term time frames, anything above the 1.3050 level should be treated with suspicion and probably faded. As far as the downside, anything below the 1.29 level looks like a buy waiting to happen as the area has so much support.

Credit : FX Empire Analyst - Christopher Lewis

Weekly Price Action Trading Outlook for December 3rd – December 7th 2012

EURUSD – Euro/dollar bullish above 1.2875
The EURUSD moved higher into last week’s close and we can see that near-term momentum has been bullish in this market. We would note that price has stayed contained below near-term resistance around 1.3020 but we could see the market push above that level and re-test the key resistance near 1.3150 if it remains buoyant this week. Traders can watch for price action trading buy signals if price rotates down towards 1.2875 support which is the low of last Wednesday’s pin bar setup as well as an ‘event area‘.

credit : Forex Trading Commentary by Nial Fuller 

EURUSD Forecast 3/12/2012 Daily

EURUSD 3/12/2012 H1

วันนี้ขึ้นแต่เช้าเลย คาดการณ์ว่าคงขึ้นต่อ แต่คงลงมาพักตัวนิดนึงก่อนที่จะขึ้นต่อในช่วงบ่าย

วันนี้ให้รอจังหวะกราฟลงมาพักตัว จากนั้น Buy 80%

EUR/USD Forecast November 30, 2012,By FX Empire Analyst - Christopher Lewis

The EUR/USD pair rose during the session on Thursday, but gave back about half of its gains for the day by the time we closed. The 1.3050 level continues offer resistance, and the candle almost looks like a shooting star. However, we have a hammer from the session before on Wednesday, and it does look like it is well supported. In other words, this pair seems to be trading right along with news coming out of United States on the so-called “fiscal cliff.” This is a surprise, and we do expect choppy conditions going forward. However, we would be buying this market above the 1.3050 level, and selling it below the 1.29 level that offered support.

Credit : FX Empire Analyst - Christopher Lewis

EURUSD Forecast 30/11/2012 Daily

EURUSD 30/11/2012 H4

ยังคงเป็นขาขึ้นอยู่ อาจจะลงมาที่ pivot ก่อนบ่าย จากนั้นอาจจะขึ้นต่อ ถ้าผ่าน hi เดิมได้ ก็คงยาว

วันนี้ให้ Buy 70%

EUR/USD Forecast November 29, 2012,By FX Empire Analyst - Christopher Lewis

The EUR/USD pair fell most of the day on Wednesday as the “risk off” trade came back into play. Looking this chart, we actually have a decent sell signal at the beginning of the session, but you can see this is been completely reversed again. This was predicated upon the headline events, mainly talking points of the Speaker of the House and the President during the session. In other words, we are now in a situation where the U.S. Congress will have complete control of this currency pair. For the moment however, it does look like we’re going to try to go higher. A break of the day’s highs would technically be a buy signal, but we are more than likely going to ignore this pair for the next couple of sessions as the volatility should do nothing but increase. We are not at either one of the extremes of the consolidation area, so we don’t see any “Grade A” type of trades.

Credit : FX Empire Analyst - Christopher Lewis

Forex Commentary EURUSD , 29th November 2012

EURUSD – Euro/dollar pares early session losses to end today higher

The EURUSD fell lower early today on the back of the bearish fakey we discussed in yesterday’s commentary. However, price recouped all losses to end the day slightly higher, forming a bullish pin bar in the process. If the market can remain buoyant and break up above the near-term resistance around 1.3000, we could eventually see a re-test of the key resistance around 1.3150 area.

credit : Forex Trading Commentary by Nial Fuller 

EURUSD Forecast 29/11/2012 Daily

EURUSD 29/11/2012 D1 H4

แนวโน้มใหญ่ยังคงเป็นขาขึ้น  จากที่เคยได้บอกว่ากราฟอาจจะลงมาพักตัว เมื่อคืนกราฟได้เด้งขึ้นมาอาจจะหมดช่วงพักตัวแล้วก็ได้  ถ้าลงมาไม่ผ่าน low เมื่อวาน เป็นไปได้สูงว่าจะไปเทส Hi เดิม ของอาทิตย์ที่แล้ว

วันนี้ให้ Buy 70%

Forex Trade Setups Commentary: EURUSD Fakey Setup, 28th November 2012

EURUSD – Euro/dollar fakey setup forms at near-term resistance
The EURUSD tried to extend its recent run higher today but ran into resistance just above 1.3000 and made a false-break of that resistance as it pared gains later in the day to close lower. We can see that price also formed a fakey trading strategy as price first made a false-break to the upside of yesterday’s inside bar pattern before moving lower into the New York close and triggering an entry on the fakey setup when price broke back below the low of yesterday’s inside bar. We could see more losses in this market this week as long as price stays below 1.3000 on a closing basis. The next support is seen down near 1.2825. If price drifts higher and closes back above 1.3000 it would invalidate this bearish fakey and open the door for higher prices.

credit : Forex Trading Commentary by Nial Fuller