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[B]Bias: [/B] I look for 1.4011-26 to cap for a pullback lower

I had look for a too direct follow-through to target with the break of 1.3851 provoking losses to the 1.3800-15 support and then the rally higher which I thought would occur on Friday. This is in progress and is extended to extend into the 1.4011-26 area. During this extension higher the 1.3926-36 area should support. Look for a bearish trade set up at the
1.4011-26 resistance for a pullback lower. First move should be back to the 1.3926-36 area again and after a pullback then expect losses to move back below this morning's 1.3894 low and eventually extend back to the 1.3800-20 area again. It shouldn't reach there until tomorrow but look for a bullish trade ...

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Market Review - 29/10/2010 21:11 GMT

Dollar falls to a fresh 15-year low against yen on Fed easing expectations

The greenback weakened to a fresh 15-year low against yen on Friday as lackluster U.S. GDP data reinforced market's speculation that U.S. Fed would ease monetary policy further to support the economic recovery at next week's FOMC meeting on Wednesday.

Dlr/yen fell from 81.08 to 80.53 in Asia on risk aversion together with cross-buying in yen (eur/jpy, gbp/jpy and aud/jpy tumbled from 112.99 to 111.53, 129.29 to 128.01 and 79.32 to 78.20 respectively). Later, the pair fell again after a minor recovery and extended its intra-day decline after the release of U.S. GDP data for Q3 (which ...

Welcome to the FXReturn.com London Forex Market Call for November 1st.,2010. GBP/USD: Closes up 82 points in Friday's session as traders have pivot resistance at 1.6104 in their crosshairs. A close above pivot resistance will trigger a rally up to 1.6430. Funds are still net long but decreased their net long position by 1,248 contracts. Support resides at 1.5857 | GOLD: Closes up $14.40 and on the highs of the session as buys stops were triggered above $1350.00. The next upside objective is the all time high at 1386.9. Funds are still net long but decreased their net long position by 16,447 contracts. Support resides at $1342.30 | DailyFX Forum visitors can sign up for our FREE Live Interactive Webinars and Live Trading Room at FXReturn.com ...

[B]A busy week expects Euro/Dollar traders, with the rate decision being the main event. Here’s an outlook for the European events, and an updated technical analysis for EUR/USD, which is due to pick a direction this week, after intense and choppy trading.[/B]

EUR/USD daily chart with support and resistance lines on it. Click to enlarge:
[URL="http://www.forexcrunch.com/wp-content/uploads/2010/10/eur-usd-forecast-november-1-5.jpg"][IMG]http://www.forexcrunch.com/wp-content/uploads/2010/10/eur-usd-forecast-november-1-5-450x234.jpg[/IMG][/URL]
[URL="http://www.forexcrunch.com/eurusd-oct-29-stuck-in-a-range/"]Nervousness characterized EUR/USD[/URL] in the past week, failing to settle on higher ground or drop lower. ...