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[B]Bias: [/B] I feel the upside should follow-through today

The break back above the 0.9641-60 resistance while EURUSD stalled at 1.4048 has provided a more bullish background and does appear to point to further gains. It's mid move so slightly difficult to spot the right sort of support but I suspect we'll have to wait for a pullback from the 0.9756 area. I estimate the 0.9670-90 area could be reached and therefore look for a bullish trade set up here. From this correction we should see a rally to the 0.9802-20 area for a correction back to 0.9725-35 before higher again with a target then around the 0.9839-71 area.

Only an earlier break below 0.9655-70 would imply a move back into range and threaten a sideways ...

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Market Review - 21/10/2010 23:03 GMT

Dollar rises broadly on profit-taking before G-20 meeting

The U.S. dollar rose across the board on Thursday as investors became cautious ahead of the Group of 20 meeting in South Korea this weekend.

The greenback rose briefly but strongly to 81.84 against the Japanese yen after comments from U.S. Treasury Secretary Timothy Geithner, however, dollar quickly relinquished its gain and ratcheted lower to 80.91 in European morning. The greenback then staged a recovery and edged higher to 81.38 in NY afternoon on dollar's broad-based rebound.

U.S. Treasury Secretary Timothy Geithner said he wanted G20 countries to move toward 'norms' on exchange ...

[B]Simultaneous Release at
TheGeekKnows.com – [URL="http://www.thegeekknows.com/"]Learn Forex Trading[/URL] and view [URL="http://www.thegeekknows.com/"]EUR/USD[/URL] Reviews.[/B]

Good day forex trading koalas!

With another day to go before the close of the trading week, i sure hope you are green with pips!

In yesterday's review, Masoud mentioned that after a long period of US Dollar selling, investors are probably looking for opportunities to cash out some profits. Furthermore, with Mr Geithner's comment on the non intervention on currencies by the US, the US Dollar got a boast and gained in value.


[URL="http://3.bp.blogspot.com/_3abzd90ZlPw/TMBfSea7kiI/AAAAAAAACRs/w4bGUZHKXb4/s1600/eurusd.jpg"][IMG]http://3.bp.blogspot.com/_3abzd90ZlPw/TMBfSea7kiI/AAAAAAAACRs/w4bGUZHKXb4/s400/eurusd.jpg[/IMG][/URL] ...

Winners and Losers!

By Mike Conlon | October 21, 2010

If you are one of the initial 450K who filed a jobless claim this week, or among the same number that has filed for the last 6 months, you might be considered a loser from an economic perspective. If you are a sales manager from Caterpillar (CAT), a maker of industrial equipment, you might be considered a winner. And if you are a Wall St. banker, trader, investor, you are definitely considered a winner.



Thus continues the growing divide between Main St. and Wall St., buoyed by politicians in Washington who have attempted to use class warfare to maintain their cushy lifestyles as elected officials. Don’t be fooled ...