The euro is against the U.S. Dollar in a downtrend that at 14.12. its low of $ 1.2946 and marked since the sideways move in a correction. This brings in the last days of the year produced a sustained series of internal rods to find the opening and closing prices in the range of the outdoor bar from 16.12., 1.2995 to 1.3084 USD are. Also a very striking reversal bar, with the daily candle from 21.12. formed was unable to complete the consolidation phase. The signal was initially confirmed when prices were trading below the low of the reversal bar at $ 1.3025, but it was only a temporary trial, which ended later in again as the inner rod. For now, however, the reverse signal retains its validity, and is a possible continuation of the downtrend. A first target for this scenario would be to begin the current year's low at $ 1.2874. However, as long as the range of the outer bar is not overcome by close, indoor bars are more likely, which can typically hold tenaciously and then be accompanied by an indecisive trading, characterized by false breakouts. Important economic events are hardly on the agenda so that the impetus for today's trading and high volatility are not expected at first:
16:30 U.S. EIA oil market report (week)

EURUSD 28.12.2011 - daily

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Not your property determines your being, but what thou canst give away to create new wealth so. (Alfred Selacher)

In this sense, I wish you and your loved ones a Merry Christmas and a Happy New Year.

The euro is against the U.S. dollar and based on the daily charts in a downtrend, the most recent low last Wednesday was marked at $ 1.2946. From there started a correction to some internal rods eventually gained momentum and in yesterday's trading to return to the 1.32 mark he managed. However, there remained only during a test, the later in a sharp sales followed. This led by "day's closing price" on a downward reversal bar, which might at first indicate the continuation of the downtrend. A confirmation of this signal through courses below the reversal bar, however, is far from. Instead, the correction should continue and eventually rise above the high of the reversal bar at $ 1.3197, the signal loses its validity. Impetus for the further price development and increased volatility are possible today with the following industry events:
14:30 U.S. GDP 3rd Quarter
14:30 U.S. Weekly Jobless Claims (week)
15:55 U.S. Consumer Sentiment University of Michigan in December

EURUSD 12/22/2011 - daily

EURUSD 12/22/2011 - H4

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The downward trend of the euro against the U.S. dollar at the beginning of last week once again gained significant momentum on Wednesday, marking a new low of just below $ 1.30. Later in the course mark was at first but then defended and the market continued to be a backlash. After an interim high of close to $ 1.31, the week ended finally in the range of $ 1.3050.

Ended with the counter-movement on Friday a short trade, on the low of the reversal bar from 02.12. took its beginning and was followed by the secondary downtrend. The stops were redrawn with each candle on the respective days highs, provided these did not constitute internal rods. The trade could thus keep a distance of 293 pips and scored with an initial risk of 0.5% a gain of 0.78% on total capital. This corresponds to a RRR (Return to Risk Ratio) of 1.59 and is thus at least the desired minimum value of one and only marginally (1.60) at this year's average winner.

EURUSD 18/12/2011 - daily

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Also on Tuesday, the euro against the U.S. dollar declined significantly, and marked the day's low, he finally close to the 1.30 mark. Prior to the course the previous movement has deep from 04.10. happens at $ 1.3145, which must be considered from a market point of view and based on the daily charts as a reaffirmation of the downtrend. The increased likelihood of a continuation of the trend remains for the time being maintained. If the 1.30 mark he initially offer no support and encourage the market to correct, could be the next price target of just below $ 1.29, is still valid at the year's low at $ 1.2874 to be found. Impetus for the further price development and increased volatility are possible today with the following industry events:
11:00 EU industrial output in October
14:00 DE Ifo Economic Forecast
14:30 U.S. import prices November
16:30 U.S. EIA oil market report (week)

EURUSD 14/12/2011 - daily

EURUSD 14/12/2011 - H4

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The Euro opened the new trading week with a dynamic downward movement against the U.S. dollar and fell back to the day's low of $ 1.3163. From the market point of view and based on the daily charts, first a series of internal rods down was dissolved before the movement phase of the downward trend will now continue. Yesterday's trading maneuvered the currency pair in the immediate vicinity of the market-relevant movement lows of 04.10. at $ 1.3145, and barely missed the direct test. If the exchanges during the rest are traded this low, confirming the downward trend again and prices will probably continue yielding. In sub-H4 chart, this scenario was already evident last Monday, when prices move below the low of 25.11. fell to $ 1.3212 and thus confirmed the first secondary downtrend. Impetus for today's trading and increased volatility are possible with the following industry events:
11:00 DE ZEW economic expectations in December
11:00 EU Commission economic forecasts
14:30 U.S. November retail sales
16:00 U.S. stocks in October
20:15 U.S. FOMC interest rate decision and meeting results

EURUSD 12/13/2011 - daily

EURUSD 12/13/2011 - H4

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The euro has broken its downward movement phase in the previous week and initially started with the daily candle from last Wednesday, a dynamic but so far little sustained correction. Instead, follow the weekly closing a reverse stick in the direction of the trend. This learned in the course then even an acknowledgment, as the prices were trading below the low of the reversal bar, but that was only the beginning of a series of rods inside his. The subsequent opening and closing prices can be found within the range from said Wednesday from 1.3259 to 1.3532 USD. As long as this range is not overcome by close, indoor bars are more likely, which can typically hold tenaciously and then be accompanied by an indecisive trading, characterized by false breakouts. Thus only should a closing price outside this range may indicate the future course. Impetus for today's trading and increased volatility are possible with the following economic and speech events:
12:00 U.S. manufacturing prod. Trade in October
14:30 U.S. FOMC Member Raskin talks
16:30 U.S. EIA oil market report (week)

EURUSD 07.12.2011 - daily

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The euro market is from a technical perspective and based on the daily charts in the very advanced stage of a downward movement. This was initially suspended in the past week and the prices recovered during the course of some very dynamic correction. The 1.35 mark he finished first and then the increase would not give even after multiple tests. After Friday, the third failed test, was finally on the market and prices fell to below the 1.34 mark he returned. As a result, the share price left end of the week a downward reversal bar, which could now signal the continuation of the downtrend. If the exchanges during the rest traded on the Friday low, this can be interpreted as confirmation of the reversal signal. A first course would be pursued then the last movement deep in daily chart, make up at $ 1.3145. Impetus for today's trading and increased volatility are possible with the following economic and speech events:
10:30 U.S. sentix economic index December
11:00 EU Retail in October
16:00 U.S. ISM Services Index November
16:00 U.S. Factory Orders in October
18:10 U.S. FOMC Member Evans speaks

EURUSD 12/05/2011 - daily

EURUSD 12/05/2011 - H4

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The euro is against the British pound and based on the daily charts in a downtrend. Following a dynamic price slide in July this year, the trend is less sustainable and more laterally continuous and high volatility. New lows were first tested repeatedly and in due course once corrected, which each resulted in a "double bottom". Even the recent low of 10.11. at £ 1.8486, could be dismissed for the time being at £ 1.8520 after yesterday's days ended up as an upward reversal candle stick. The previous day's high was exceeded in early trading today, already temporarily, confirming the reversal bar at first. Succeed in overcoming the sustainable Later, however, and the price falls below the previous day's low, the signal loses its validity. Impetus for the further price development and increased volatility are possible today with the following industry events:
10:30 GB PMI PMI Manufacturing
11:30 GB BOE Financial Stability Report
14:30 U.S. Weekly Jobless Claims (week)
16:00 U.S. ISM Index November

EURGBP 01.12.2011 - daily