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 

EUR/USD Forecast November 28, 2012,By FX Empire Analyst - Christopher Lewis

The EUR/USD pair fell below the bottom of the hammer from the previous day on Tuesday, and this of course is a massively bearish signal. The fact that we are closing below the lows on Monday suggests that we will be going lower.

It should also be noted that the top of the Monday and Tuesday candle was at roughly the 1.3000 level, and this suggests that there is a taunt of resistance at this area. With this in mind, we would be more than interested in selling the breaking of the Tuesday lows as it should signal a return to the 1.27 level before it’s all said and done.

Credit : FX Empire Analyst - Christopher Lewis

EURUSD Forecast 28/11/2012 Daily

EURUSD 28/11/2012 H1

ยังคงมองว่าเป็นขาขึ้นอยู่ จากเมื่อวานกราฟทำตัวลงมา คงลงมาแค่พักตัว วันนี้อาจจะมีแกว่งลงมาก่อนแล้วค่อยขึ้น  ถ้ากราฟยังลงต้องดูว่าลงมากแค่ไหน เพราะถ้าจะเป็นขาลงจริงๆคงต้องลงมาเยอะพอสมควร

วันนี้ให้ Buy 70%

EUR/USD Forecast November 27, 2012,By FX Empire Analyst - Christopher Lewis

The EUR/USD pair fell initially during the Monday session but bounced in order to form a hammer. This hammer is at the top of a significant move higher, so it can be considered a sign of continuation. However, if we managed to break the bottom of this hammer this would be a very bearish sign and make the hammer a “hanging man.” This of course would be a very bearish sign.

However, if we managed to break the highs from the Monday session we think that this market makes another attempt on the 1.3150 level above. The level has been extremely resistive, and as such we don’t suspect that it will be broken through easily. Because of this, we may have a situation where you can buy this pair above the 1.30 level (essentially the highs from Monday) and then sell it about 150 pips higher.

Credit : FX Empire Analyst - Christopher Lewis