The support level that we should watch for is 1.3400. This is a strong support and it will not be broken tonight. Retracement will take place before this break.

EURUSD

If you look at your 1HR chart, there's a consolidation of price action around this area. For the EUR to break this support (short) is unlikely.

EURUSD

EUR — The market will retrace to 50% Fib level before it close off for the week

EURUSD

Wait for the retracement.

EURUSD

True. If you have Fib retracement...it couldn't close at 50%.

EURUSD

Kool. Thanks for the information. When you have a chance, can I have a copy of the template.

EURUSD

What I mean is how did you have the news display on your MT4. It shows German WPI m/m. Was it custom indicator? I would like to have that instead of looking at the FF Calendar for news release

EURUSD

EUR — The current retracement will not pass 1.3812. Hold on to your position if you can. Watch your money management.

EURUSD

EUR — Bonus76. How did you incorporate the news into your MT4?

EURUSD

Sell — EUR possible break for a short

EURUSD

GBP/USD — There is a strong resistance at 4600. The cable will not penatrate this line for a long time. This is just the retracement of the cable. If you look at Bolinger Band on daily chart, the volumn is still strong for short and it is ...

Cable Update (GBPUSD)

Don't Short — I notice less volumn in the market for EUR/USD. I see a reversal after next week.

EURUSD