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Euro dollar is rallying in an impressive manner, breaking another important resistance line. The rally that began with Bernanke’s extension of the zero-rate policy continues with new hope of getting a deal done around the Greek haircut. In addition, more signs of strength from Germany and a successful Italian bond auction also help the single currency. Another significant bulk of US data awaits the markets. How far will the euro go?

Here’s an update on technicals, fundamentals and what’s going on in the markets.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-jan-26-extends-impressive-rally-on-psi-deal-hope-and-bernankes-boom/"]EUR/USD Extends Impressive Rally on PSI Deal Hope and ...

Forex Trades 01/26 - European session - by [URL="www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/usdcad"]USD/CAD - US Dollar / Canadian Dollar[/url][/b]
[b]Entry[/b]: 1.002
[b]Stop[/b]: 1.005
[b]Resistances[/b]: 1.0085 - 1.007 - 1.005
[b]Supports[/b]: 0.9925 - 0.9995 - 1.0015

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/euraud"]EUR/AUD - Euro / Australian dollar[/url][/b]
[b]Entry[/b]: 1.2335
[b]Stop[/b]: 1.237
[b]Resistances[/b]: ...

[B]BIAS[/B]: While 1.3129 caps there is risk of a correction to 1.3032-43 before the upside resumes…

[B]MAIN ANALYSIS[/B]: We saw the correction first that stalled between the 1.2925-53 area and then extended gains. There is a small risk of a minor new high around 1.3129 but overall I feel a correction is due before the next leg higher. This should see losses to around 1.3075-85 initially - and could even provide the base for the new rally. However, also be aware of the 1.3032-43 support. From this broad 1.3032-75 area I will be looking for the next leg higher that should move up towards the 1.3197 swing high. I suspect this will hold briefly. Eventually I look for 1.3262.

[B]COUNTER ANALYSIS[/B]: Only a ...

Unemployment Claims in the US and CBI Realized Sales in the UK are the major market-movers. Let see what awaits us today.

World Economic Forum (WEF) Annual Meetings – Day 2, this time is held in Davos for Bankers, Political, trade & finance Ministers and Commercial leaders from around 90 countries. Can influent market volatility.

In the US, Unemployment Claims, the nation’s earliest financial data that value the unemployed who filed for insurance over the last week for the first time, rise is predicted from 352K up to 371K.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-daily-outlook-january-26-2012/"]Forex Daily Outlook January 26 2012[/URL][/I][/B]