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Author: Ryan Best

EURUSD ALERT

Watch for a potential drop to the 1.3850 area in the late Asia early Eurpoean trade time frame. Risk is lightening up before the ECB and BOE announcments in the morning, as well as Friday’s US NFP… Great week of...

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EURUSD 1.4000 up Next

I mentioned yesterday that the move just can’t be stopped and that 1.4000 was coming up next. It looks more and more likely at this point. According to FXCM’s SSI, the shorts have not given up on the… Great...

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EURUSD Majot Thrust Higher

The move just can’t be stopped. Now that 1.3800 has been decisively broken, 1.4000 can now come into play. Watch the COT report for a capitulation in EUR shorts though. If EUR shorts suddenly give up… Great week of...

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Big US Test of EURUSD 1.3800

As I am writing this there is a big US open trade test of 1.3800 with a high so far of 1.3799. Over my shoulder I am hearing news of a renewed probable bail out of Ireland on news that more… Great week of trading topped...

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EURUSD Support Under 1.3700

EURUSD Makes another high but indicators don’t follow. This is signaling some weakness may be seen in the coming days. There is no better time then this week for EURUSD longs to take a breather than… Great week of...

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EURUSD Don’t chase the train!

If you are not already long the EURUSD, now is not the time to do so. Chasing an already moving train is a great way to get run over. I feel for sure that 1.3600 will definately come under pressure… Great week of trading...

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EURUSD Hitting Resistence

The pair is back at resistence seen yesterday, that being the 200hr SMA. Since my ADX is below both DMI’s, a directional break does not look like it is in the cards for today. However, I expect… Great week of...

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EURUSD Pullback Hitting Resistence

I am now watching these four lines. A higher pullback should be contained by line A. Line C is definate short term resistence. If price breaks C, then I will look for a test of the A line. 1.2677 and… Great week of...

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