London session: Daily EUR/USD analysis

**Alejandro Zambrano** · 10-14-2010, 02:55 PM

EUR/USD London session review and outlook October 14, 2010

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-15-2010, 04:01 AM

EUR/USD October 15, 2010

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We can see below that 1.40 I just one of two other lows that creates this up trend. We can also see that the low of 1.40 is higher than the previous low. I would also like to point out that the larger trend also pointing upwards, this means that upturns will dwarf downturns thus we prefer long positions as long as we do not enter too close our price targets mentioned above, giving us a bad risk/reward ratio.

EURUSD 60 min chart

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-15-2010, 02:24 PM

EUR/USD London session review and outlook for October 15, 2010

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

I publish a video review of the London session which includes an outlook for the next London session every day around 19:00-20:00 London time (14:00-15:00 EST) and a text version analysis 8:30 London time (3:30 EST).

**Alejandro Zambrano** · 10-18-2010, 04:17 AM

EUR/USD October 18, 2010

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ontVertAlignInTxbx/> <w:Word11KerningPairs/> <w:CachedColBalance/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> <m:mathPr> <m:mathFont m:val="Cambria Math"/> <m:brkBin m:val="before"/> <m:brkBinSub m:val="--"/> <m:smallFrac m:val="off"/> <m:dispDef/> <m:lMargin m:val="0"/> <m:rMargin m:val="0"/> <m:defJc m:val="centerGroup"/> <m:wrapIndent m:val="1440"/> <m:intLim m:val="subSup"/> <m:naryLim m:val="undOvr"/> </m:mathPr></w:WordDocument> </xml><![endif]--> EUR/USD has been trading lower during the Asian Session and is just now trading above the support area of 1.3780 and 1.3835. Given that price is trading close to support makes the potential profit from going short small versus the risk. It's first when price falls below 1.38 and 1.3780 that we see potential for a bigger decline, in this case down to 1.3650.

We are therefore suspecting that we might see a short term correction today towards 1.3660 before prices fall back to the support area of 1.3780 and 1.3835.

EURUSD 60 min chart

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-18-2010, 12:52 PM

EUR/USD London session review and outlook, October 18, 2010

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

I publish a video review of the London session which includes an outlook for the next London session every day around 19:00-20:00 London time (14:00-15:00 EST) and a text version analysis 8:30 London time (3:30 EST).

**Alejandro Zambrano** · 10-19-2010, 04:26 AM

EUR/USD October 19, 2010

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EURUSD 60 min chart

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-19-2010, 01:08 PM

EUR/USD London session review and outlook, October 19, 2010

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-20-2010, 04:03 AM

EUR/USD October 20, 2010

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EURUSD 60 min chart

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-20-2010, 12:07 PM

EUR/USD London session review and outlook, October 20, 2010

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-21-2010, 04:20 AM

EUR/USD October 21, 2010

EUR/USD ended the series of lower tops and lows during yesterday's session. Price did also create a higher low at 1.3880 during the Asian session which shifted the short term momentum and established an up trend.

Price has know broken above 1.40 and as the short term trend is rising we need to assume that price will reach 1.41 as long as price trades above the <!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves/> <w:TrackFormatting/> <w

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Should prices trade above 1.41 then 1.4175 will be our next target (R2).Should prices fall below 1.3880 then the short term trend is broken and price will probably reach 1.3775 which is today's S1 level.

EURUSD 60 min chart

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-21-2010, 01:08 PM

EUR/USD London session review and outlook, October 21, 2010

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-22-2010, 03:59 AM

EUR/USD October 22, 2010

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If prices trade below 1.3890 then we need to assume that price will continue to decline to 1.3830 and 1.3780 in case of an extension of the move.

EUR/GBP is supporting a higher EUR/USD while GBP/USD is drifting lower thus supporting fall in the EUR/USD.

EURUSD 2 hour chart

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-22-2010, 01:46 PM

EUR/USD London session review and outlook, October 22, 2010

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-25-2010, 04:11 AM

EUR/USD October 25, 2010

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ontVertAlignInTxbx/> <w:Word11KerningPairs/> <w:CachedColBalance/> </w:Compatibility> <w:BrowserLevel>MicrosoftInternetExplorer4</w:BrowserLevel> <m:mathPr> <m:mathFont m:val="Cambria Math"/> <m:brkBin m:val="before"/> <m:brkBinSub m:val="--"/> <m:smallFrac m:val="off"/> <m:dispDef/> <m:lMargin m:val="0"/> <m:rMargin m:val="0"/> <m:defJc m:val="centerGroup"/> <m:wrapIndent m:val="1440"/> <m:intLim m:val="subSup"/> <m:naryLim m:val="undOvr"/> </m:mathPr></w:WordDocument> </xml><![endif]--> EUR/USD has traded higher during the aftermath of the G20 meeting and just tried to challenge resistance at 1.41. Yet as the London session opened with price trading below resistance EUR/USD looks ready to correct down to the area of 1.3960 to gain some strength before trying to challenging 1.41 once again. A breakout above 1.41 will probably lead to continuation of the trend and price will probably try to reach 1.42.

1.3890 is our short term key level and the level that defines the short term up trend; as long as price trades above level we prefer long positions. Should prices fall below 1,3880 then the short term up trend would fail and we need to assume that price will try to reach 1,3750.

EUR/USD 60 min chart

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

**Alejandro Zambrano** · 10-25-2010, 02:09 PM

EUR/USD London session review and outlook, October 25, 2010

Regards

Alejandro Zambrano
Currency Strategist | DailyFX Forum (London)
azambrano@fxcm.com

Trade FOREX with FXCM

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