Happy Friday the 13th everyone. The euro came off pretty strongly overnight as another attempt past 1.5020 failed. We have now backtracked to the 61.8% retracement level and a break below 1.4800, specifically a close below 1.4800 will lead us to believe the dollar may start a rally. Its also plausible to believe that we may see a range until we firmly close below the 1.4680 level, a clear level of support for the Euro. These are interesting times and our bias remains to short the dollar; however, failure to breach 1.5050 several times has us concerned about the strength of the euro. We may be seeing a shift in sentiment. Were looking to see if higher lows continue to form, confirming our bias. If youd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area by visiting www.spoteuro.com

2009 · Daily · Forex · November · Outlook

The breakdown from the previous week could expose a fresh drop to psychological barriers at 1.2500 but we still are on the lookout for the first big Euro correction in 2012.

2012 · Currencies · January · major · Outlook · Technical

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Canadian · Dollar · Finds · Outlook · Yield

The USDCHF has worked its way into a descending channel on the 15 minute chart after failing to break above its hourly channel which has remained intact since December 1st.

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Bearish · Bounded · Channel · Descending · Outlook · Pair · Remains · USD/CHF

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Australian · China · Cool · Dims · Dollar · Economy · Outlook · Steps · Takes

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Footing · Hawkish · Outlook · Pound · Raises · Regains · Yields