the Euro has finally begun to correct and we see risks over the short-term for additional gains into the 1.3100-1.3400 area before bear trend resumtpion.

2012 · Currencies · January · major · Outlook · Technical

A bearish gravestone doji in Eur-Usd on Thursday is sending the message that this market could finally be looking to roll back over. However, at this point it is still too early to call for the next lower top.

2012 · Currencies · January · major · Outlook · Technical

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