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The EURUSD had good support at the 1.4540. The ability to hold the level and move higher is positive for the EURUSD. The price is in between the next target of 1.4466 and the resistance at 1.4578.   A break higher targets...

As per the prior post ( WHAT I SEE) the GBPUSD has continued down – with a big target at 1.500 area. The problem is the rebound could be part of a bear flag or the current rebound could be the start of an bigger correction...

This is what I see in the Forex starting the week of Sept 27th – an OPINION ONLY: www.proacttraders.com I do these three currency pairs because they represent a cross section of the market as a whole – all matching...

Eur/Usd has recovered nicely off earlier low of 1.4614. It briefly traded above 1.4700, but seems to have run into some resistance. The 50% fibo is at 1.4727 and M/A at 1.4721. If these levels can hold look for the pair to start...

The GBPUSD has moved below the neckline trendline in the daily chart at the 1.6161 level and have seen a move to new lows for the day at the 1.6143. The 1.6112 level has already been taken out These are the lows from the...

EURUSD is sliding back to the .500 fibo of the leg from last week.  A break of the .382 should give us a run to the 1.4727 fibe and maybe the R4/.618 fibo at...

The USDJPY has fallen with the dollar today. The price has tested the former R2 level at the 91.15 level. There is also an old trendline that was broken at the level which comes in at the 91.30 level. On the downside the next...

The market tested the top trendline off the hourly chart at the 1.4735 level (high reached 1.4737) and has moved back down. The 1.4719 level remains a key level (high from December 2008 spike). Below that is the 1.4764 level...

A small move down in the London session overnight as the Cross keeps building the bear flag.  Will look for a break out of this to the 1.6356 area which is the S5,240 min support and the...

The GBPUSD tested the target support at the 1.6427 level earlier – reaching a low of 1.6432. The market rebounded off the level moving to a high correction level of 1.6473 – well short of the resistance at the 1.6501...