I was never confused or double minded about US economic growth and my views got endorsed from FED. This is big news that FED Chairman Ben Bernanke is confident about the US economic recovery announcing FED’s decision to revise its unemployment rate to 6.5 pct by end of 2014 instead of 2015. So FED deciding to go on hold with a Bullish view on economy makes lot of sense, as it has clearly given time to the market to adjust/settle/decide accordingly. The message was surely/may have been conveyed…See More

The EURUSD maintained a bearish momentum yesterday topped at 1.3415 and bottomed at 1.3261, now pressure will be on the key support 1.3261, the EURUSD will have to hold below the 1.3261 levels on a daily closing basis to push the market for further downside losses, If seen it will target the 1.3176 levels where a breach will turn focus on the 1.3060 levels.Alternatively, a failure to hold below the 1.3261 levels could mean a return to the 1.3415 levels, break of 1.3415 will target 1.3460 ahead…See More

Eur correction move is a fact now, as yesterday the big players' nerves weren't strong enough to test SMA200 @ 1.3450, and the EUR suffered a massive profit taking minutes before the FOMC loosing almost over 70 pips in 5 minutes. Finally EUR has reached all my short targets, and is currently trading around the last yesterday's target @ 1.3250. It is quite possible for today to test the 1.3170 support and then followed by the 1.3140. By the end of the week we may drop below 1.3100 too depending…See More