Bad news for my Euro falling theory: you know that Euro tend to strengthen at this time of the year, because is typically when European financial firms repatriate their overseas investments ahead of the year end? It is, so keep that in mind. Anyway, and taking a look at the 4 hours charts, pair is falling quickly in the last hour or so, supported by gold that is slightly negative today. Approaching to yesterday’s low at 1.4840 area, that’s our first support level for next hours, followed by strong 1.4800/10 level. Under that, pair has an ascendant daily trend line around 1.4750, so that’s the level to watch for longer term definitions. With flat indicators and under 20 SMA still with bearish slope, upside likely remain limited, with resistances today at 1.4890, 1.4930 and above the 1.4960/70 zone.

Here is my choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-19.html

Eur/Usd is near  the daily low, yet has quite a support zone at 1.4810/20 area, also 200 EMA in this 4 hours charts, that should halt this rally and offer some upside rebound; however, due to bearish indicators, and stocks and gold still falling, the rebound likely to be short lived, under the pair recovers the 1.4880 area; an acceleration under mentioned support, likely to send the pair to the 1.4740 strong support zone, also a daily ascendant trend line; watch that level, as daily close under it, could accelerate the fall to the 1.4610 area, neck of the double roof, and 61.8% retracement of the last monthly fall. Resistances above 1.4880, lie at 1.4910, and 1.4950 area.

Here is my choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-17.html

Fed’s Yellen is on the wires, saying recession in U.S. is probably over, and that the U.S. economy is growing, slow, but growing. Dollar is rising further across the board even against Japanese yen. EUR/USD is quiclky approaching to strong 1.4820/30 area. Watch that level: break under will accelerate the fall.

Pair has tested again the 1.5000 level, and retreat to current price, yet daily charts show bullish trend remains healthy, with indicators back up, and price moving above 20 SMA. RSI rebound in the 50 line, momentum cutting downside up the 100 line, all support the retest of the 1.5050/60 area, where we still have our roof. Could turn into a triple roof, or just nothing but a consolidation stage in the middle of the upside trend if we get a daily close above that level.

Anyway, 4 hours charts indicators seem a bit exhausted to the upside, a downside correction will find supports at 1.4920 and 1.4880, while resistances from current price are 1.4990, 1.5020 and the 1.5060 area.

I’m sticking to Euro, as I’m not seen clearly any other cross today to be honest. Here is my choice for today:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-13.html

Euro has corrected to reach levels barely above the 38.2% of yesterday’s rally, and turned slightly bearish in the hourly chart, now waiting for more cues to decide where to. 4 hours charts show pair remains under 20 SMA while in this hourly one, despite above, the red 20 SMA still holds a clear bearish slope, favoring the downside. Supports today lie at 1.4850, and the 1.4810 zone; if this last give up, pair should resume downtrend with next support at 1.4750 area. Another attempt to move above 1.4900, will find resistances at 1.4920, 1.4950 and finally 1.4980 zone.

Here is my choice for today, enjoy!

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2009-11-12.html

Watching the daily chart, seems EUR/USD is forming a probable double roof at the 1.5050/60 area, yet neck line is quite far away from current price to confrim the figure. However, in the long term perspective, and being at the top of an ascendant trend, break of that neck will signal not only further falls, fut could confirm a trend reversal. Neck line, is around 1.4620, so watch for that level, if reached before a new high (that will deny the formation of course).

Turning to what matters today, 4 hours charts show bearish indicators and price well under 20 SMA, that lost the bullish slope. 1.4910, 55 EMA is our first support for today, followed by static 1.4860 area. Resistances come at 1.4980, 1.5020 and the 1.5050/60 zone.