19Jan

Week of January 19, 2009

EURUSD continues the medium term consolidation phase of the 1.2328-1.4718 rise, as mentioned in our last update, a sustained break of the 1.3241-1.3805 consolidation zone will see further extension in the direction of the break.  Look for a daily open and close outside the above mentioned zone to confirm.  As to the fall from the […]
12Jan

Week of January 12, 2009

EURUSD remains in a broad consolidation phase from the 1.2328-1.4718 rise, as a sustained break of the 1.3241-1.3805 consolidation zone will see further extension in the direction of the break.  Intraday prices continue to consolidate around 1.3400 with no clear intraday direction at this writing, with a sustained break of 1.3440 favoring a move towards […]
06Jan

Week of January 6, 2009

EURUSD has continued to move lower towards our next objective at 1.3378, as a sustained break will see prices continue towards 1.3241 as the next objective.  The intraday trend remains to the downside while prices hold below 1.3496, as a 1 hr open and close above 1.3496 will see prices continue higher within a 1.3496-1.3558 […]
05Jan

Week of January 5, 2009

EURUSD continues to consolidate the recent 1.2549-1.4718 rise as a daily close below 1.3889 will see prices continue to move lower with 1.3634 as the next objective. as subsequent to a sustained move below 1.3889, look for prices to move within a 1.3378-1.3889 consolidation zone before another attempt to the upside. Intraday, prices are essentially […]
30Dec

Week of December 30, 2008

EURUSD reached 1.4365 yesterday, a few pips shy of our 1.4376 target.  However, prices failed to close on the day above 1.4165 which would have confirmed the outlook for higher prices in the days ahead.  No change in our outlook, as a daily close above 1.4165 will favor further upside potential in the days ahead […]
29Dec

Week of December 29, 2008

EURUSD reached 1.4718 on December 18, 2008 and subsequently corrected to 1.3823, a few pips beyond the 38.2% of the 1.2423-1.4781 rise.  Daily charts continue to favor more upside potential with a daily close above 1.4165 today targeting 1.4270 and 1.4376 as the next objectives.  To the downside, a sustained break below 1.3823 suggest further […]
19Dec

Week of December 19, 2008

EURUSD’s active wave from the November 20, 2008 low of 1.2423 reached 1.4718 yesterday in what appears to be a medium term impulsive rally, as any correction to the downside should remain above 1.3300 so as to support this outlook.  A daily close below 1.3300 will eliminate the impulsive outlook and suggest a much broader […]
17Dec

Week of December 17, 2008

EURUSD has sustained above 1.3896 as prices continued to move higher reaching 1.4191 during today’s Asian session.  Prices have now moved within a broad 1.3745-1.4620 consolidation zone, as a daily close above 1.4183 will see further upside towards 1.4620, while a daily close below 1.3745 will see further downside towards 1.3479.  As to the rise […]
16Dec

Week of December 16, 2008

EURUSD continues the corrective phase from the October 28, 2008 low at 1.2328, as the fall from the September 22, 2008 high at 1.4866 is complete at 1.2328, with prices now trading within the previously mentioned 1.3298-1.3896 consolidation zone. Risk for further upside potential remains, with 1.3896 as the next objective, however,  ONLY above 1.3896 […]
12Dec

Week of December 12, 2008

EURUSD corrective rise reached 1.3404 yesterday as a daily close above 1.3298 today will complete the fall from the September 22, 2008 high of 1.4866 at the October 28, 2008 low of 1.2328, with prices then moving within a 1.3298-1.3896 consolidation zone before attempting another move to the downside.  As to the short term rise […]

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