Hello and welcome to 2010.

We hope everyone had a great holiday season and a wonderful new year.

Getting into the EUR/USD, it looks as though we’re forming a potential Expanding Triangle. The longer term trend is down so look for a potential retracement back up to the 1.4500+ area before heading back down. On the down side, look for the 1.4000 and down to 1.3800.

For the upcoming NFP, look for a potential target of 1.4410 to the upside and 1.4247 for a potential target to the downside.

Good luck with the upcoming NFP. Be sure to lock in your profit and monitor your trades.

Greetings.

We’ve seen a big drop off in the EUR/USD and trader’s holding short positions are wondering if it will continue in their favor.

According to our research, we have seen a big drop off and it may seem the bears are losing steam. We will most likely see a retracement back up and this retracement may potentially start before (or right after) the turn of the new year.

A good way to tell a potential move back up is the break and break away of the trend line.

Good luck and use caution when trading these last 2 weeks of December.

Don’t forget to visit www.ProPipper.com for your discount to the Currency Cowboy Trade Sheet and lock in your price.

Hello.

Taking a break from the EUR/USD, let’s take a look at one of our favorite pairs - the EUR/JPY.

It appears we may be in a shorter term Zig Zag Wave 3 up as a retracement to the move down from early December.

Taking some Elliott Wave numbers, look for the pair to potentially head up to the 131.69 area and then start heading back down. Making it a stronger barrier is that the 50% Fibo line (from the movement down) hits around 131.67.

We hope everyone has a great weekend. Get some rest and enjoy yourselves.

Also, visit www.ProPipper.com for information on the Currency Cowboy Trade Sheet - be sure to mention Pro Pipper Trading to get your discount.

Good luck.

Greetings.

AS we approach mid-week, we see some strong movement in the EUR/USD.

It does appear that we may be in a potential impulse movement down.

The black lines is the longer term count while the purple lines is the shorter term count. As you can see in our shorter count, we may be in a potential wave 4 movement. If that’s the case, we know Wave 4 cannot go into the territory of Wave 1 so look for a breach of that line.

It seems we have turned to the short side in this currency pair - at least for the next few trading sessions. However, keep in mind - depending what formation this down turn seems to unfold to - we may potentially see a movement back up in 2010.

Good luck and remember time is running out before the price increase with the Currency Cowboy Trade Sheet. Visit www.ProPipper.com for more information.

Greetings.

What a big day we saw with the NFP last week. Seeing the drop off in the EUR/USD begs the question - is the upward trend finally over?

Well, we’ll want to wait to see what happens in the upcoming sessions for a little more data, but for short term trading, look for the pair to potentially continue down to the 1.4800 - 1.4775 area.

Initial analysis and on the pair in the hourly chart may show a 3rd wave of a Flat - which means we’ll see a 5 wave movement down - however, it’s still a bit early to make any assumptions yet. If it is indeed a flat, that means this is a corrective wave and we may see a move back up. Today’s European and New York sessions should reveal a lot about the pair’s movement.

Also, in a previous post, we mentioned we may be in a Ending Diagonal (ED) formation where we may see a sharp drop off once the upwward movement is complete - again, a little early yet but we’ll see what happens with the upcoming session.

Glad to see everyone back. Don’t forget that December is your last month to get the Currency Cowboy Trade Sheet before the price goes up next year. Email tradesheet@propipper.com to sign up and leave your name, contact information and “Trade Sheet” in the subject line. Don’t forget to mention Pro Pipper Trading to get your DISCOUNT.

Good luck and happy trading.

For those of you that are trading right now during the opening of the Asian session - here is a quick look at the EUR/JPY.

There was a strong push down at the opening of the Asian session. Look for a continued potential move down to the 132.00 area.

We’ll come out with our normal longer term analysis and outlook before the opening of the European session. See everyone then.

Good luck.

Greetings and welcome back!

For those lucky enough to have a long weekend, we saw some strong moves in the latter part of last week.

Trading after a long holiday weekend may pose problems as it is difficult to tell if the moves over the past couple of days were normal or due to lower volume as many traders took off last week for Thanksgiving.

It currently seems we are potentially in a 5 wave movement up - so if it continues up, look for the pair to hit the 1.5150 - 1.5350 area.

Also, look for the pair to potentially test and hover around the trend line we drew in.

Again, welcome back and good luck with your trading this week as we head into December.

Don’t forget about signing up for the Currency Cowboy Trade Sheet. The price will go up so be sure to sign up today. For more information and to receive your discount, visit www.ProPipper.com. To sign up, email tradesheet@propipper.com and leave your name and contact information along with “Trade Sheet” in the subject line and the Currency Cowboy Trade Sheet owner will contact you directly.

Just a quick update on the EUR/USD at the beginning of the European session.

It seems we may potentially be in a 5 wave impulsive movement up - currently in a Wave 3.

Look for a small correction for a Wave 4 and then a move back up for Wave 5.

The key price for downward action is 1.4983. If it breaches this price, then that would invalidate this forecast as that is the ending price of Wave 1.

Once Wave 3 completes, look for a 23 - 38.2% retracement of Wave 3 to get your potential Wave 4 price target.

If you got in long in this pair yesterday, be sure to protect some of your profits.

Good luck and be sure to protect your profits as we get closer to the upcoming holiday weekend for many traders.

Also, time is running out for your DISCOUNTED rate on the Currency Cowboy Trade Sheet. Visit www.ProPipper.com for more information or email tradesheet@propipper.com to sign up today!

Greetings.

Pulling up the EUR/USD at the start of the week, it seems we may potentially have some more overall bullish movement ahead.

We may see more pushdown in the upcoming sessions as uncertainty will rise as many traders prepare for a short week.

Currently, the pair hit between the 50 and 61.8 Fibo retracement lines for the last move up. Once it bottoms out, look for another move up.

A good indicator would be a breach and break away of the top trend line in our chart. There are other trend lines you can draw but this one looks to potentially show the most strength.

If you are trading longer term, keep in mind we’re coming to a very volatile time in the markets as many people will have a short week while others will still be trading. If you’re in profit, think about locking in some profits or really looking at your stops to ensure your positive trade doesn’t turn on you during the upcoming weeks.

Good luck and we’ll see everyone again shortly.

Need some confirmation with your trading? Visit www.ProPipper.com and read about the Currency Cowboy Trade Sheet. Email tradesheet@propipper.com to start your DISCOUNTED subscription today.

Greetings.

As mentioned in our previous post, here is our post on the AUD/USD.

We’ve seen a strong uptrend and there is still potential room for more swing to the upside.

Whether we may be in a potential Wave 2 or Wave 4 retracement, we know both waves have the 38.2% Fibonacci levels in common.

So, look for a potential retracement to the .9213 - .9095 area (depending on what Wave we’re in).

Once the retracement wave is complete, look for a potential nice movement back up. Where the currency pair actually turns back up will help give clues to which wave we could potentially be in.

We did have a comment asking about our take on the EUR/USD and we will have that for you tomorrow. Thanks again for the comment.

Also, don’t forget about the DISCOUNT you receive on the Currency Cowboy Trade Sheet. Visit www.ProPipper.com to read more information on it or email tradesheet@propipper.com to sign up (be sure to put “Trade Sheet” in Subject line and leave your contact information).

Good luck.