The pair has just attempted to break under the key zone around 1.2850, also a 30 minutes ascendant trend line. If the pair manages to break under it and start a new candle under that level, chances are of a retest of the 1.2790/2805 zone. To consider a rebound on that line, we should wait to see the pair above 1.2865, where it should approach again to 1,2890. We are about to see a new 4 hours candle so also a opening under this zone could trigger a bearish rally.

The pair is attempting to regain some bullish direction, after recovering completely yesterday’s losses, and breaking a 4 hours descendant trend line with last candle, around 1.2710; however, the pair should confirm above the congestion zone between 1.2768/85, to continue to the upside, with next resistance at 1.2809, 1.2845 and finally 1.2897. Supports from actual price will be at 1.2734, followed by 1.2700 (where the pair will completed the pullback to the broken line if reached). A confirmation under this last, will take the pair to the zone around 1.2660.

The pair has reached the suggested target, as commented earlier, the zone around 1.4640/60 seems to be a “buyers” zone. Having fundamental news in a few minutes, take your 40 pips now, and let’s wait for another!.

The pair seems unable to break under actual 1.4640/60 zone, offering a trading oportunity: rebound to the upside, stop losses well under 1.4620 targetting the zone around 1.4680 and then 1.4700.

Greenback is falling all across the board, and seems ready to continue: the Eur/Usd is targeting the 1.4830 zone, while a continuation of the Usd/Jpy under 109.48 could trigger some more bearish momentum to the zone around 109.10/20. We could see some short lived retracement from here, yet next 20 minutes candle opening could confirm the continuation.

The better than expected reading in unemployment claims, far from good anyway, interrupted majors trend for a few minutes, yet things are coming back: get ready for a break trough particularly in Euro (1.4833) and Jpy (108.16) both should give at least 15 clear pips rally if not some more.

Although the pair has reached the proposed target zone around 108.25, a continuation is more likely than a rebound: under 108.16 the pair will try to test at least the 108.00 zone and then next support around 107.89.

After reaching the 23.6% level around 1.5080, the pair has strongly rebounded to the downside. However, the zone around 1.4945/55 should hold for today, and offer a bullish rebound in the next couple of hours. Under 1.4920, previous vision is denied. However, a break under that level seems unlikely  for today.