Please visit:

http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2008-12-01.html

It does appear now that a temporary bottom is in place on USD pairs.

In particular the EUR/USD has broken out. A break of 1.31 will likely deliver the price to 1.33. A move higher would then signal a longer term bottom.

I would expect some retracement here and then renewed strength to the upside.

http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2008-11-24.html

Cheers and good trading this week.

The pattern I have been watching for weeks now is still in force. Traders are not at all willing to push the price much outside the range.

Here are the key levels to watch for breaks.

Have a good weekend

I have been watching this pair as there is the confluence of a trend-line and barier about to be visited.

This is where we will see price action reverse or accelerate in a continuation.

Watch this area closely if we do indeed visit there.

Please see my report.

http://www.fxstreet.com/technical/analysis-reports/fx-weekly-report/2008-11-16.html

Cheers and good trading this week.

I’m keeping a very close watch on the USD/index. The price action (pattern) represents a real struggle between Bulls and Bears.

I am watching the 88.00 area for a break-down or break-out.

Cheers and have a good weekend.

Pierre

The GBP is falling against all other majors and there seems to be no end in sight… Wait a minute… Where have I heard that before?

Often when things look and sound their worst is just when a reversal takes hold. considering the EUR has not significantly fallen against the USD over the last few sessions, leaves me to wonder if this move on the GBP is a terminal thrust. Meaning that when this thrust comes to an end a larger reversal is possible.

I would remain curious about the marked difference in direction of the the EUR and GBP. Things will need to get back into balance soon. Why indeed is the EUR/USD not making new lows?

The picture tells the story.

Here is a perspective on the EUR and GBP vs the USD.

Both pairs appear ready to break out.