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EURUSD may bounce then continue

EurUsd has cleanly reversed and due to the failure of the FOMC to continue the move the dollar is now strengthening as has been expected for some time.  we are currently at the 6th support (S6) and the 1.2965...

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EURUSD NFP reaction

Watch for the EURUSD to stall or stop after the Non Farm Payroll reaction at or near 1.3344.  This is the 6th resistance level from the bottom of this leg and has confluence from the former trend line there as well. ...

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EURUSD bounce

The EURUSD took out our intermediate target from yesterday and fell just shy of our outer target @ 1.3277,  We have since seen a pullback to the former high at 1.3196.  If we get a bounce here we are targeting the...

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EURUSD – a few scenarios

We have come down to the .382 retracement of the last leg and bounced.  Oridnarily we would look to build a bear flag and then go further to the .500 fib.  Looking at the chart however, there is a large consolidation...

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EURUSD target hit

The EURUSD hit our target from yesterday and the R5.  Should see a little profit taking and then a march to the 1.618 fib extension at 1.3168.  Downside target is now 1.3031 on a pullback if...

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