London session: Daily EUR/USD analysis

**Alejandro Zambrano** · 11-16-2010, 04:55 AM

EUR/USD November 16, 2010

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EUR/USD 30 min chart

Regards

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

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**Alejandro Zambrano** · 11-16-2010, 12:41 PM

EUR/USD London session review and outlook, November 16, 2010

Regards

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

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**Alejandro Zambrano** · 11-17-2010, 04:44 AM

EUR/USD November 17, 2010

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Price has not corrected yesterdays down move and we expect to see some correction, either to today's pivot point level at 1.3530 or up to the resistance area of 1.3560-1.3630 before we assume that price will start to trade lower in line with its downtrend.

Realistic targets for EUR/USD as long as price trades below 1.3630 are 1.34 (S1) and 1.3325 (S2) in the case of an extension of the downtrend below todays S1 level.

EUR/USD 30 min chart

Regards

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

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**Alejandro Zambrano** · 11-17-2010, 01:22 PM

EUR/USD London session review and outlook, November 17, 2010

Regards

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

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**Alejandro Zambrano** · 11-18-2010, 04:19 AM

EUR/USD November 18, 2010

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EUR/USD 60 min chart

Regards

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

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**Alejandro Zambrano** · 11-18-2010, 12:55 PM

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

Regards

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

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**Alejandro Zambrano** · 11-19-2010, 04:13 AM

EUR/USD November 19, 2010

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Its first if price trades below 1.36 that this short term up trend is over. 1.36 is the closest low of significance. Should price trade below 1.36 then we need to assume that price will try to reach 1.3460.

EUR/USD 60 min chart

Regards

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

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**Alejandro Zambrano** · 11-19-2010, 01:06 PM

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

I mention a book in today's video here is the title: Devil Take the Hindmost: A History of Financial Speculation by Edward Chancellor

Regards

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

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**Alejandro Zambrano** · 11-22-2010, 04:54 AM

EUR/USD November 22, 2010

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From a long term perspective the upside is limited, please see the 8 hour chart below.

EUR/USD 60 min chart

EUR/USD 8 hour chart

Regards

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

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**Alejandro Zambrano** · 11-22-2010, 02:33 PM

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

Regards

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

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**Alejandro Zambrano** · 11-23-2010, 04:51 AM

EUR/USD November 23, 2010
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EUR/USD is trading lower and as long as price trades below today's pivot point level at 1.3670 the down trend will remain intact. Given this we need to assume that price will try to reach today's S1 level at 1.3540 and today's S2 level at 1.3460 in a case of an extension of the downtrend.

If price trades above 1.3670 then downtrend has most likely failed and price will try reach 1.3750.

EUR/USD 60 min chart

Regards

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

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**Alejandro Zambrano** · 11-23-2010, 02:46 PM

EUR/USD London session review and outlook, November 23, 2010

Regards

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

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**Alejandro Zambrano** · 11-24-2010, 04:17 AM

EUR/USD November 23, 2010

EUR/USD will continue to trade lower as long as price trades below 1.3420. Given this we need to assume that price will try to reach today's S1 level at 1.3275 and today's S2 level at 1.3180 in a case of an extension of the downtrend.

Only and IF price trades above 1.3455 do we prefer long positions. If price trades above 1,3455 then price surpasses our keylevel at 1,3420 and today's pivot level, which means that the short term downtrend in the EUR/USD would be over.

EUR/USD 30 min chart

Regards

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

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**Alejandro Zambrano** · 11-24-2010, 12:51 PM

EUR/USD London session review and outlook, November 24, 2010

Regards

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

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**Alejandro Zambrano** · 11-25-2010, 04:46 AM

EUR/USD November 25, 2010

EUR/USD continues to trade in a downtrend as long as price trades below 1.3420. The only concern with the current trend is that it's quite weak and price might correct and almost reach 1.3420. 1.3300 works as a first target and today's S1 at 1.3275 works as a second target.

EUR/USD 60 min chart

Regards

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

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