EUR-USD was not able to break below Monday's low and the 'Bullish Harami' candlestick formation held. The market moved up significantly today! With a bullish candle on EUR-USD market seems to have a renewed momentum to move higher, but looking at ...

EURUSD

EUR-USD tried to go down on Tuesday, but was not able to break below Monday's low. Creating an inside candle - Bullish Harami formation. Bullish harami is a 'weak' reversal formation. Only a break above Tuesday's High of 1.4154 can we see further ...

EURUSD

EUR-USD WEEKLY chart shows a doji (indicision) candle. With a "shooting star" from the week before IMO we have made a short term top. Counting the waves IMO we should see a pull-back. How far of a pull-back we will actually see is not certain. We do ...

EURUSD

EUR-USD moved up nicely over the last 2 days. We are back in the 600 pip range (see chart). For Friday we have US CPI, and UoM Consumer Sentiment, and EUR CPI reports coming out. How we close on Friday will give us clue to next week's market action. ...

EURUSD

EUR-USD has made an inside bar on the DAILY chart. Also a bullish Harami candlestick pattern. If the DAILY ascending wedge holds we could move higher on Wednesday. Wednesday is going to be an important trading day as we have a number of Fundamental ...

EURUSD

EUR-USD Update for Monday August 10, 2009 — Friday EUR-USD fell on US NFP report. We had 2 doji candles followed by a bearish candle on the daily chart, signaling that the market top was in place and we were to see a drop in prices on NFP ...

EURUSD

EUR-USD is waiting for Fundamental Reports. — EUR-USD has been in a trading range for the past 2 days. After a rally on Monday (1st trading day in August), made 2 dojis (indecision) candles for Tuesday and Wednesday. The prices have been range ...

EURUSD

EUR-USD moved up nicely through the triangle. We are in Wave 3 on the weekly chart. See Charts.

EURUSD

August 2009 — Friday's close brought an end to July's trading. Attached are MONTHLY, WEEKLY and DAILY charts for EUR-USD. MONTHLY close is bullish. But we are still in the triangle. Unless we break out of this triangle we should see further ...

EURUSD

EUR-USD fell today. The prices have fallen back into the WEEKLY triangle. Thursdays and Friday's action will show if we can rebound. Friday is July's last trading day and how the monthly candle closes will dictate how August's market will move.

EURUSD

EUR-USD seems to be stuck in a tight range. The daily candle closed bearish. If we break to the downside we could see prices drop before rising. The WEEKLY Chart is still bullish. But we need to break out of the triangle to move higher. See Charts.

EURUSD

EUR-USD fell in the last few hours of trading on Thursday. On DAILY chart we had 2 doji (indecision) candles that told us that the market was not able to decide on a direction. Now we have a 'evening star' formation. Which if holds should move ...

EURUSD

EUR-USD closed on Wednesday with a 2nd doji (indecision) candle. See DAILY Chart. One thing interesting about this 2nd doji is that the 1st doji was not very effective as the prices fell but the bulls were able to pull the prices up. I would be ...

EURUSD

EUR-USD DAILY chart has a doji (indecision) candle. If the high of Tuesday (1.4276) holds we could see the prices falling before rising. Looking at the Fundamentals for Wednesday (surprisingly lite) we could see traders jumping the gun on 2nd day of ...

EURUSD

Fed Chairman Bernanke Testifies — US equities, gold and Crude fell as we saw USD rise against other currencies. Since fundamentals don't change overnight, effect of Fed Chairman Bernanke testimony should be short lived. I continue to see a ...

EURUSD

EUR-USD moved higher on Thursday. We will have to patiently wait and see how this week ends. The weekly candle will guide us for the coming week. For Friday: Thursday's high of 1.4165 remains key for the bulls. IF taken out we can see further upside ...

EURUSD

China's Economic Data Reports Due Asian Session — What's for Supper? Its China's Economic Data Release! (10:00 p.m ET) Once a month China releases economic data to the world. As a key economic player China's economic data is fast becoming a ...

EURUSD

EUR-USD moved up nicely today. So did US stock market. If Elliott Waves could predict the future price levels of financial instruments then we can see a rise in the stock indices in the coming months. So is the recession over? There are many studies ...

EURUSD

For Tuesday 7-14-2009 EUR-USD made a small range again. Though we broke above yesterday's high, there was not much momentum to carry us much further. Prices rallied during the last 3 hrs of trading indicating that bulls were not ready to give up ...

EURUSD

EUR-USD had a 2nd INSIDE day. We have a bullish closing DAILY candle today and I am looking for the prices to expand soon. Since there is a doji on the WEEKLY chart my bias is to the up-side. For Tuesday there are a number of fundamental ...

EURUSD