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Forex traders may consider this eur/usd forecast and forex trading signal:

Tokyo 00:39GMT Wednesday April 29, 2009 eur/usd @ 1.3140/43

EUR/USD is trapped within massive congestion 3167 – 3117. New support at 3154-69 (currently immediate resistance) level will open the door to what should be aggressive movement to 3190, 3229, 3293 and then 3380. Should 3229 level reject back below 3197 and hold – then the bullish thrust is likely dead on arrival. Conversely – a break below 3107 should shoot straight to 3071-81 and as long as new resistance is set at 3113-29 then the bear side may prevail according to my previous forecast.

http://forexforums.dailyfx.com/blogs...portunity.html ...

Forex Market Update: EUR/USD Technical Trade Opportunity

Recent consolidation in a narrow range experienced a brief upward extension that faced divergence in a semi-illiquid condition Friday. The upward move was technical in nature but failed to offer effective reconfirmations of previous resistance (as new support) thus the rapid collapse seen since the Sunday open.

Immediate resistance is 3033/3057 level with a potential rejection point at or below 3113-19/23 near to the 3081-93 level. My stop loss level will be 3173 as I prefer to see 3123/49 reject if, if not below more near to the 3113-35 level, as described above.

Forex traders may consider that should new resistance form as described above ...

FX Traders potential for the EUR/USD

Recognizing tomorrow's holiday and the potential lack of participation/liquidity in the FX Market, Forex Traders possibly might consider this alert for the EUR/USD or the GBP/USD:

11:45 GMT for 2.5 hours with the potential for strong price action

I will not be issuing a Forecast for Friday. Please be mindful of the potential for a dormant market. Often times, based on past experience -- market moves surrounding holidays can be aggressive.

I have observed that the past 3 major holidays the FX Market was rather tame compared to previous years/cycles.

I decided to issue this alert because of its signal strength; regardless of the holiday. ...

Casey Stubbs-- Winners Edge Trading

3:30 pm Est

The Euro had a huge move today and passed several key resistance levels in a few hours. The pair was reacting to a statement by the FOMC and positve moves in the U.S. stock market.

So where do we go from here?

We are still have not hit the .50% retracement level on the daily chart from the high of 1.4700 in December of 2008. I would watch the .50% level and expect the pair to bounce off of that and move back down to more lows.

We will not know if this is a real rally or not unless we pass that level which is 1.3600

So we could see this bull rally for the Euro end shortly.

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