26 June 09

1.4040 is a strong resistance with a confluence of fibo points and also 1.4050 No Brainer Level. I expect price to test this level today.

23 June 09

Finally there is a Breakout today after ranging for the whole week. Price bounce of the monthly pivot support and broke the upper trendline. If price can stay above 1.4000 today, the uptrend is still intact. Be careful of FOMC meeting tomorrow.

Waiting for a break...

1.4000 Neutral Zone

Price is now at 1.4000 the Neutral Zone. Last week's candle is a doji with a high of 1.4176 and a low of 1.3804. A break of the high or low of this weekly doji candle will determine the direction of this pair next week.

Euro contained in a wedge pattern.

My Withdrawal

After trading Forex for 8 months. Today is my First withdrawal. Wow, ecstatic!

Euro Week Ahead

Looking forward to see Euro test the Lower Trendline.

Euro bounce off 1.4100 beutifully and went straight up. We will see 1.4365 soon.