The euro firmed against the US dollar during today's London trading session, then held its ground against the greenback during European Central Bank (ECB) president Mario Draghi's introductory statement at the ECB press conference. What followed Draghi's response to a reporter's question about interest rates was quite a different story for Europe's single…

Anomalies in financial markets are interesting subjects which have been studied by practitioners and researchers in different markets. Same story exist for currencies and I tried to replicate the effect of December (last month of the year) on EurUsd pair, base on January 2002- November 2012 daily market rates.…

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http://youtu.be/K_oZtzloXg0

Our video newsletter is a looking at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or at:…

Our video newsletter is a looking at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or at: http://www.forexstreet.net/profile/JetsAdvancedFxSystems where you can receive more great technical and fundamental…

Our video newsletter is a looking at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or at: http://www.forexstreet.net/profile/JetsAdvancedFxSystems where you can receive more great technical and fundamental…

UBS - "We expect the dollar to be the best-performing major currency next year. UBS expects the US to grow by 2.3% in 2013 while the Eurozone, UK and Japan suffer stagnation or weak growth at best. Financial markets have largely priced in the Federal Reserve's third round of quantitative easing, while the European Central Bank, Bank of England and Bank of Japan are likely to undertake further balance-sheet expansion in 2013. Dollar diversification over the past decade by US fund managers,…

Our video newsletter is a looking at the Stock and currency market, providing support and resistance levels. Subscribe to the Daily Updates just subscribe here at youtube or at: http://www.forexstreet.net/profile/JetsAdvancedFxSystems where you can receive more great technical and fundamental…

UBS - "This week we discussed our bullish dollar view with forty clients in London, Stockholm and Paris. We found hedge fund managers ready to short the yen but real money managers often unwilling to sell Japan's currency given fears over America's 'fiscal cliff'. That suggests positioning is not extreme despite the yen hitting six months lows against the greenback.

We continue to see the yen falling to 85 over the next three months. We also remain sceptical about the Australian dollar…

Tonight EUR/USD fell back from its high of 1.2801 to 1.2746. That could be expected because there is a clear previous support present resistance line of September 30th at 1.2804 and it also needed to take a breather. Right now it bounced off of 1.2746. The pair touched 1 hour 200 simple moving average line and is going upwards in the direction of a few days' trend. Beware of the fact that the main trend is still South, so watch out for the renewal of the old trend.

However, looking at…

EUR/USD Trading Signals | Euro US Dollar Chart Analysis 

EUR/USD Trading Strategies | Euro US Dollar Chart Signals…

EUR/USD Market Analysis | Euro US Dollar Chart Review

The EUR/USD had a quite session today and so far the Euro traded in the hourly consolidation range around the low of November 8th.



The European session started with a shakeout/ stop fishing at 6 a.m. GMT. This false breakout led to a reversal of the EUR/USD. Market moved down to the 1.27 level and in the following market price action was capped in the…

EUR/USD Market Update | Euro US Dollar Technical Chart Analysis

 

Head and Shoulders pattern | Breakout Trading | Continuation chart patterns | Fibonacci levels

EUR/USD…

EUR/USD Market Recap| Euro US Dollar Technical Chart Analysis 

EUR/USD Market Update | Euro US Dollar Technical Chart Analysis

Breakout Timing | Fibonacci Extension level | Gartley pattern | Moving Average | Support Resistance

The Euro found support at the 100 % Fibonacci Extension Cluster yesterday and moved up to the daily 10 SMA. From there, market moved lower with strong bearish momentum and created a new daily low.

On the 4 hour chart the EUR/USD…

EUR/USD Chart Analysis Update

The Gartley Chart pattern

played out well. The EUR/USD found support at the Fibonacci Support zone, which consists of the two 100 % Fibonacci Extension levels. Furthermore, this support zone coincided with Yesterdays Daily S1 and the consolidation price zone of the prior consolidation pattern on the left side of the Euro US Dollar Chart.…

I'm letting the charts speak for themselves in this Halloween edition of my Trade of the Week (TOTW) series.

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FX - EURO





The EURO closed lower on Friday as it consolidated some of last week's rally. The lowrange close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends this…