Following a dynamic increase in the past week, which led to the € 1.42 it well above the mark, followed later in a correction, which accelerated in early trading today, first and drop the price back up to $ 1.40 was . From the perspective of the daily charts, with the last high at $ 1.4247 a large part corrects the previous backward wave, which initially suggests a continuation of the overall uptrend. This suggests that the current market price decline from a technical perspective correction phase are attributed, possibly ending in a future support. Predestined are currently under test in addition to the 1,40-mark, the area around a 38.2% Fibonacci level at $ 1.38 and below 1.37 USD level with a 50% Fibonacci level. Impetus for today's trading and increased volatility are possible with the following industry events:
11:00 EU preliminary estimate of euro zone inflation in October
11:00 EU Unemployment September
14:45 U.S. Chicago Purchasing Managers Index in October

EURUSD 31.10.2011 - daily

EURUSD 31.10.2011 - H4

The euro has broken on Monday a series of internal rods up and could continue to rally against the U.S. dollar now actually. However, the breakout from the range of the outer bar (daily from 14.10 candle.) Was fairly clear but not very sustainable. Because with the previous day candle it managed only slightly above the euro, the breakout candle, and then again much to give in and end the trading day finally as a downward reversal bar. Should this be exceeded in the course, the reverse is confirmed and the euro could give more. Following the trade, however the overall trend and overcome the high of the reversal bar, it loses its validity and the price could trigger the first Fibonacci level of 61.8% of the 1,40 mark. Impetus for today's trading and increased volatility are possible with the following industry events:
14:30 U.S. orders for durable goods September
16:00 U.S. September New Home Sales
16:30 U.S. EIA oil market report (week)

EURUSD 26/10/2011 - daily

EURUSD 26/10/2011 - weekly

After last week ended in failure, a secondary downtrend in the daily charts, the euro continued recovery against the U.S. dollar continued and was quoted at its highest point of the recent correction in $ 1.3914. So now 50% of the downward movement are corrected on 30 September at $ 1.4549 and launched on 4 October at $ 1.3145 stopped for now. The test of the Fibonacci levels was performed with a striking reversal bar, which was first confirmed in the course then also, when prices fell on Tuesday on its low of $ 1.3724. Instead of a sustained downward movement of this signal is, in general, but an indecisive trading followed by internal rods. During the course development in the daily chart remains well struck seems evident in the overall weekly chart, an intact upward trend, which can be seen with the weekly candle week 40 an upward reversal bar, which is possibly at the end of a correction phase. The sustained rise in the last week confirmed that signal first. If the series of inner bars in daily charts are finally resolved, the outbreak could signal the direction of the course. Impetus for today's trading and increased volatility are possible with the following industry events:
14:30 U.S. Weekly Jobless Claims (week)
16:00 U.S. September sales of existing homes
16:00 U.S. Philadelphia Fed Index October

EURUSD 10/20/2011 - daily

EURUSD 10/20/2011 - weekly

The new trading week started with a very dynamic and sustainable growth, the approach presented in the daily high and finally to the 1.37 mark it. The price development ended yesterday at first the validity of the reversal bar last Friday and then later in the downward trend, as the euro over the last correction of high 28.09. (Point 3) was traded at $ 1.3689. Although it was initially a slight increase over this high correction, but from a market point of view of the downward trend is thus no longer intact. Succeed later in a sustained increase over the $ 1.37, to find possible resistance to the first round course marks 1.38 and $ 1.39. Important economic events are not on the agenda today, so that the impetus for today's trading and increased volatility are likely to not really show:
09:30 EUR ECB President Trichet speaks

EURUSD 11.10.2011 - daily

EURUSD 11.10.2011 - H4

The recent downward trend of the euro against the U.S. dollar, marked a low last Tuesday at $ 1.3145 and was launched in the course correction. This continued until the close on Friday and finally reached the 1.35 mark he, a 61.8% Fibonacci retracement level, which refers to the last phase of movement since the high of $ 1.3689. Here are the courses failed at first and gave up the daily deadline back to clear. Friday's candle ends up as a downward reversal rod and could signal a new phase of movement in the downward trend. At the opening of the new trading week was a confirmation for this scenario and the first € is instead traded again towards the 1.35 mark it. If later in the high-exceed the reversal bar at $ 1.3524, the signal loses its validity. Impetus for today's trading and increased volatility are possible with the following industry events:
08:00 U.S. August Trade
08:45 Fri August industrial production
10:30 U.S. Sentix economic index in October

EURUSD 10.10.2011 - daily

EURUSD 10.10.2011 - H4

With the daily candle on last Tuesday, the euro initially marked a new low in recent downtrend against the U.S. dollar, before the market correction and an exaggerated the daily closing generated by an upward reversal bar. This was first confirmed when prices were trading on Wednesday, finally, the high, the reversal bar.

Here ended a short trade, which was opened to the currency crash last Friday. The trigger for the start was at the low of the candle from 28.09 days. That signaled a reversal bar down the impending movement. The stop was tightened with the usual days of each completed candle on the respective high and finally yesterday (too soon) basis. With an initial risk of 0.5% is obtained after 148 pips, an increase of 0.78%, a RRR of 1.57.

EURUSD 06/10/2011 - daily

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The recent downward trend of the euro against the U.S. dollar on Tuesday marked a new low of $ 1.3145, was dissolved on Monday after a series of rods inside a very dynamic and sustainable. In the course of trade but then sat on a counter-movement, and finally managed to correct with a daily high of $ 1.3369 to the previous day's losses almost completely. After this course, course, yesterday's candle ended days as an upward reversal rod and thus could signal the beginning of a correction phase. Now manages a sustained increase over the 1.33 mark he, a next correction could initially target the 50% Fibonacci level to be at $ 1.3418, which refers to the last wave down 1.3690 to 1.3145 USD. Impetus for today's trading and increased volatility are possible with the following industry events:
10:00 EU euro-zone purchasing managers' index September
11:00 EU Retail August
14:15 U.S. ADP labor market report September
16:00 U.S. ISM Services Index September
16:30 U.S. EIA oil market report (week)

EURUSD 05/10/2011 - daily

EURUSD 05/10/2011 - H4