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EURUSD Forecast:
The EURUSD made indecisive movement on Friday. On daily chart below we can see that after made a false breakdown on November 03, price now retreat to the upside, traded above the trendline indicating potential further bullish scenario with 1.4950 – 1.5060 as nearest target before 1.5300. Immediate support at 1.4850 – 1.4800 area. Break below that area should diminish my bullish outlook but as long as the pair stay above the trendline, I prefer a bullish scenario.



On fundamental side, after worse than expected NFP and unemployment rate on Friday, the risk aversion had not enough power to reduce optimism about economy recovery and Dollar failed ...

[COLOR=#000000][FONT=Times New Roman][FONT=Arial][B]After a very busy week, that finished with [URL="http://www.forexcrunch.com/job-market-the-empty-half-of-the-glass/"]painful employment figures in the US[/URL], the markets will have more time to digest the news this week. European GDP figures, British and Australian employment figures and US Trade Balance will stand out this week. Let’s see the main events awaiting us this week.[/B]

During the weekend, the finance ministers of the G20 countries are meeting in St. Andrews, Scotland. The headlines that will come out from there will impact the markets, and especially EUR/USD, which is sensitive to global events like these. EUR/USD, the world’s favorite currency pair, partially ...

I did an article on Thursday about a 4hr triangle trade opportunity. I am wondering if any one else attempted this method along with me. After I posted the article on Thursday the Eur/Usd did not move more than 5 pips for about 12 hours because traders were waiting for the Non-Farm Payrolls report to come out. When the report came out the price dropped out of the triangle and I entered short at about 1.4875 and the price went straight down to 1.4814 which is a total of 61 pips. I actually had a profit target set in place of 55 pips so I almost got the whole trade.

Now It usually doesn't work that well but sometimes it ...

[COLOR=#000000][FONT=Times New Roman][FONT=Arial][B]The dollar finishes the week lower against most currencies this week. The fear that ruled last week wasn’t fueled by the [/B][I][B][URL="http://www.forexcrunch.com/job-market-the-empty-half-of-the-glass/"]terrible American job market[/URL][/B][/I][B], and the blurry rate decision by the Fed. The horizon isn’t clear with this [URL="http://www.forexcrunch.com/america-out-of-recession-risk-appetite-resumes/"]jobless recovery[/URL]. Here’s an overview of this week in forex trading.[/B]

The US Dollar Index retreated this week from 76.21 to 75.74, similar to the close about two weeks ago, before last week’s big comeback. It’s hard to say that last week’s surge was a short episode, ...