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[B]Mervyn King continues to dominate the Pound’s agenda, and not in a positive way. His big hints about more QE pound the pound as it makes another attempt to break the support line.[/B]

The governor of the Bank of England, Mervyn King, hurt the Pound [B][URL="http://www.forexcrunch.com/the-pound-will-not-rise-without-orders-from-king/"]once[/URL] [URL="http://www.forexcrunch.com/pounded-by-the-king/"]again[/URL][/B]. In his appearance in parliament, the agenda was inflation – the quarterly Inflation Report Hearings. But these aren’t the headlines that King produced.

Read the rest of the article about [URL="http://www.forexcrunch.com/king-beats-the-pound/"][I][B]King and the Pound[/B][/I][/URL].

EUR/USD

The Euro was contained within a relatively narrow range during Monday as opposing forces were able to achieve a more balanced market position. There was Euro support below 1.3580 against the US currency while it failed to push above 1.3650.

The Euro continued to be unsettled by a lack of confidence surrounding the Greek debt situation and uncertainty over the medium-term implications for the Euro-zone economy and the Euro. EU officials denied that there was a bailout for Greece which tended to undermine sentiment to some extent, although the impact was measured given the amount of bad news priced in.

A lack of confidence is still very important in curbing the potential for Euro gains. The ...

Hey everyone for this outlook video I take a look at the Pound and Kiwi Yen. Both pairs are at key daily and 4 hour levels. Nothing complicated about today’s analysis, simple “trap it and trade it” strategy.
Good luck and enjoy!! David Pegler

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Forex signal: Sell on recovery with stop as indicated, break would risk gain to 1.3640 but 1.3657 would cap upside..

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3553

Late Update At 23 Feb 2010 14:44 GMT

Euro's intra-day selloff fm 1.3693 to 1.3536
confirms corrective upmove fm last Friday's 9-month low of 1.3443 has ended there n bearishness remains for further weakness to 1.3516/20, however, nr term o/sold condition shud limit fall to 1.3484/90.


Sell on recovery with stop as indicated, break
wud risk gain to 1.3640 but 1.3657 would cap upside..


Range Forecast
1.3536 / 1.3580


Resistance/Support ...