Author: Ryan Best

The rising trend line should lend support for the day. Without Europe in the office last night, traders may be a little skeptical of a larger move, and this recent tumble may be completely reversed… Great week of trading...

This has been a very interesting day. The failure to hold above the 1.2735 breakout zone, is important. No guarentees but the top side is not looking good at this point. I have several indicators… Great week of trading...

The pair is having a tough time getting past 1.2730 and this mornings about face shows just how weak the pair may be. However, you can not count the move out just yet. Pressure is definately building… Great week of...

I am building a decent sized short position in this area. Witht he new weekly low set at about 9:30 AM MST this morning, the pair promptly bounced. I covered my shorts and will uncover them again… Great week of trading...

The pair continues to see solid selling at the 1.2900 figure. This latest rejection comes much more solidly than the last two days. 1.2825 and 1.2750 could quickly come into focus if this keeps up…. Great week of trading...

After reaching the target I posted from last Friday’s post, the pair has taken on a little strength, rising as high as 1.2870. Keep in mind that only recently has the pair been weak. It is currently… Great week of...

EURUSD should see a small gain to the 1.2850 area as a few shorts cover, then I expect more weakness to the 1.3731/00 (red line) area. Careful though, two days of weakness may see a larger pull… Great week of trading...

If the descending line holds and a push lower is held by 1.3100, that range just may hold for the next 36 hours or so until the US NFP number is released. It’s absolutley not out of the question to… Great week of...

The 15 minute 200ema moved up to meet the 1.3183 bottom, and price has since bounced. It is feeling like the top side is not done yet. Targets could include 1.3259 first and then in extension 1.3350 Great week of trading topped...

Current price is testing the first of the two support points identified here. The second comes at 1.3183. If weakness persists then a nice target sits at 1.3170/75 area which happens to be the 15… Great week of trading...