$EURUSD – critical area:   

Currently we are at 1.2942.  The cross Pulled off the Down Trendline that coincides with the .382 fibo and we are starting wave 5 to the downside starting at the 1.3458 top. A set of Twinds confirms the close and reverse here.  The down target is the 1.2785 support followed by the 1.2733.  The overall  target is the S7 @ A 1.2564.  The average daily range for the cross is just 89 pips.…

Currently we are at 1.2992.  The cross is still showing lots of bearish signs and we are approaching a critical area on the 240 chart. A bounce on the Down Trendline coincides with the .382 fibo and would start wave 5 to the downside starting at the 1.3458 top.  Down target is the .618 Fibo and S6 @1.2944.  A break of trend line north has an immediate target of the 1.3050.The average daily range for the cross is just 89 pips.…

Note:  Holidays will make the market very sluggish

$EURUSD: 

Currently we are at 1.3043.  The cross is still showing lots of bearish signs including a continuation of the DAY down trend and a bear flag on the 240 chart. A break of the bear flag would start wave 5 to the downside and a move to the double bottom at 1.2943.  A break of that has an immediate target of the 1.618 Fib extension @ 1.2829 with the S6 target sitting at S6 ( day chart) @ 1.2645. Should we not get a…

Currently the cross is @ 1.0125 after bouncing on  the .618 Fibo  @ 1.0058. Should see a continuation of the bullish move  today.  The  holidays and lack of liquidity could stall the movement on the cross.  Next target is a return to the .382 Fibo @ 1.0181 with  the next big target being the R5 @ 1.0253.  A break of the trendline down is possible and that targets the R3 @ 1.0020.  We are bullish on the cross as of now.…

Currently the cross is @ 1.3034 after taking out the R4 target @ 1.3184. Should see the bear flag continue today as the holidays and lack of liquidity should stall the movement on the cross.  A break of the Bear flag down targets the double bottom @ 1.2946.  Target upside is the R4 again  @ 1.3184.…

Currently the cross is @ 1.5363 after breaking out of the down trend .  As we noted yesterday  “look for  the .500 Fibo as the upper immediate target  @ 1.5597 then the .382 @ 1.5641”.   Should see a bull flag or sideways move develop today as the R4 should put some holding pressure on the cross.  Target upside is the Support @ 1.5681.…

Currently the cross is @ 1.5530 after breaking out of the bear flag and going nowhere.  The Cross is showing some signs of heading north although we are still clearly in a downtrend.  A test of the 1.5553 and a break there look for  the .500 Fibo as the upper  immediate target  @ 1.5597 then the .382 @ 1.5641.   If  the 1.5553 holds look for a return to the bottom @ 1.5423.…

Note:  due to the Christmas holidays the market may be sluggish

$EURUSD

WHAT Forex Target Traders SEE:  We are currently sitting @ 1.3037 just under the .786 Fibo.  We have a bear flag nicely built on the cross indicating further downside is possible.  The day first chart bottom is @ 1.2869 so may reach out to there.  There is still further downside possibilities to the 1.2580 and the S7 of this move is the 1.2562.  A lot depends on the EU political…

Currently the cross is @ 0.7632 after putting in the bottom.  The Cross has continued unabated to the north and is just about the .500 Fibo.   Due to this unabated run and the 50% retracement we could still have another run to the bottom at or near our current spot.  Our next significant upper target is the R4 @ 0.7691.  A break down targets a return to the .618 Fibo @ 0.7565. …

Currently the cross is @ 1.5524 after putting in the bottom.  The Cross has built an inverse head and shoulders pattern which is bullish but we could still have another run to the bottom at or near our current spot.   Our next lower target back to the bottom @ 1.5400(big Psychological number – could bounce).  A breakout of the downtrend would target the  Fibo @ 1.5688.…

Those in our live room today got +100 on  EU&EJ  see video here http://tinyurl.com/2cdn9sf

Currently the cross is @ 1.3190 after breaking through to the S5 target.  The Cross is building a bear flag which is bearish but could still bounce here.   Our next lower target is the -.270  Fib extension @ 1.3100 (big Psychological number – could bounce) and then the  -0.618 fib extension @ 1.3021.…

Currently the cross is @ 1.3243 after breaking through the S7 target and the descending wedge. The Cross could still bounce here or at the double bottom @ 1.3200.  Our lower  target is the support @ 1.3151.  A bounce  would target a move back to the .500 Fibo and trend wall @ 1.3380. …

Trading is a Business

$EURUSD

WHAT Forex Target Traders SEE:  We are currently sitting @ 1.3370 just under the .500 Fibo.  We have a bear channel on the cross indicating further downside is possible.  The day chart bottom is @ 1.3151 so may reach out to there although the S7 is @ 1.3253 and should provide the bounce point.  If we get a bounce it should go back to the S6 @ 1.3639.  A lot depends on the EU political situation and any real resolve.  We are still bearish – for now. The average…

Currently the cross is @ 0.5670 after bouncing on the trend wall.  The Cross has consistently stayed above the support at 1.5600( .786 Fibo also) and is sitting just above  the  R4 support  @ 1.5665 and the 50% Fibo from the swing high and low of the last 2 days.  Friday can be a square up day so watch for position traders to lighten their positions as this can create the opposite move of the charts.  Look for the cross to bounce again on the 1.5600 support .  Our upper target is the R5 @…

Currently the cross is @ 0.7873 after languishing in the rectangle pattern for what seems like forever.  The Cross finally has broken to the upside and is sitting just below  the  resistance  @ 0.7873.  Look for the cross to break this resistance and continue  to the R5 @ 0.7958 and then look for a continuation to 0.8000 .  Watch the Psychological number @ 0.7900 – could stall there.  A breakdown to the downside  would target a move back to the R3 @  0.7725.  We are currently…

Currently the cross is @ 0.9306.  The Cross continues to work the upside movement and is sitting just below  the  R5 resistance  @ 0.9299.  If the cross can break this resistance look for a move to the S4 @ 1.3286 and then the immediate top @1.9331 look for a continuation to the R5 @ 0.9443 .  A breakdown to the downside  would target a move back to the R3 @  0.9210.  We are currently bullish. …

Currently the cross is @ 1.3379 after a failure to take out the topside.  However, the cross bounced on the bottom trendwall of the uptrend and is sitting on  the .786 Fibo  and the S3.  If the cross can break the Support and the uptrend line  look for a move to the S4 @ 1.3286.  A bounce would target a move back to the S1  @  1.3466.  We are currently bearish. …

$EURUSD

WHAT Forex Target Traders SEE:  We are currently sitting @ 1.3405 just under the .618 Fibo.  We have a big bear flag on the cross indicating further downside is possible.  The day chart bottom is @ 1.3207 so may reach out to there.  If we get a bounce it should happen around 1.3360 and then go back to the S6 @ 1.3645.  Tough to tell on this one since the fall off the top just happened Friday.  We are still bearish – for now. The average daily trading range for the cross…