Today is the the BiG day, all eyes turn to Jackson hole looking for hints on the next US Federal Reserve rate hike. What to expect in my opinion: 1. There will be no hints on the prospects of a future interest rate increase. The US dollar should ...

EURUSD

Looks like yesterday was a profit taking day along with some bears beginning to short the currency pair due to Jackson Hole Symposium that starts today and ends tomorrow where the Fed chief will speak. Today should be a compression day (narrow range ...

EURUSD

Looks like the 61.8% Fibonacci retracement (1.1347) as proven to be a strong resistance, now lets see how the price will react to the 50% Fibonacci retracement (1.1264). I'm expecting to be a good support and a potential long entry point.

EURUSD

If it clears the 1.1350 may trigger a bullish run up to 1.1423 .

EURUSD

For me is a correction down to 1.1264 or even to 1.1237.

EURUSD

In the current market we might see a pullback to 1.1264 (50% Fibonacci retracement) or even 1.1237 (daily support). I'm not expecting a deeper correction than that.

EURUSD

I see a big resistance zone that goes from 1.1347 up to 1.1428 and I'm expecting a pullback to 50% Fibonacci retracement @ 1.1264. Overall the pair is in a bullish mode setting higher highs and higher lows. Daily chart: image

EURUSD

The massive rally yesterday maybe was driven by the “big boys” that already know what the FOMC Minutes will bring to the table later today. And as the quote says “buy the rumors and sell the news” so we should be careful is going to be a bumpy ride. ...

EURUSD

Good morning all, looks like the EUR/USD took anabolic steroids and is testing the 50% Fibonacci retracement @ 1.1264 on the daily chart (swing high @ 1.1616 to swing low @ 1.0912. I just got back from vacations, does any one know what trigger this ...

EURUSD

Looks like today will be a very quiet day, the fundamentals only start rolling tomorrow.

Cable Update (GBPUSD)

Good morning, I'm off to my long waited summer vacation so I also wish you all a great vacation and /or trading days ahead because it looks like it will be a "hot" summer.

EURUSD

Looks like EUR/USD wants to test that 50% Fibonacci retracement @ 1.1170. I'm that it does, opened my long @ 1.1035 .

EURUSD

Thank you for the feedback. They are now on my "to read list".

EURUSD

So Tom what do you recommend me to read about Elliot Wave.

EURUSD

Great post , very educational. Never took interest in Elliott Wave Theory until now.

EURUSD

Looks like the pair is stuck in a range from 1.0970 up to 1.1060 and is currently in the middle of it. Not a good position to open any trade. Let's see what the fundamental news will bring this morning.

EURUSD

Hi, according to price action looks like it may want to test the 1.1065 level today. The ECB today will be more of the same, unchanged interest rate and the continuing buying of the LRTO program.

EURUSD

I sold also @ 1.1010 with a target @ 1.0970, so far so good .

EURUSD

Yesterday the pair only moved 47 pips ! Let’s see if the EU ZEW Survey - Economic Sentiment and the US house market spurs more risk appetite today .

EURUSD

Great video, but I think the pair will not move much today due to the lack of fundamental news.

EURUSD