WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
an expanded version of my trading journal...
* Major World Market Indices
* Futures Markets
* U.S. Sectors and ETFs
* Commodities
* U.S. Bonds
* Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.

Dogs

Dogs

Events

UPCOMING ECONOMIC EVENTS...
* Wed. July 1st ~ Canadian Markets closed for Canada Day holiday
* Fri. July 3rd ~ U.S. Markets closed for July 4th holiday weekend

Tuesday, November 15, 2011

Euro and 1.35

The EUR/USD forex pair is back down to the 1.35 level...if it breaks and holds below, price could ultimately drop to 1.33, then 1.30, as shown on the two Daily charts below...otherwise, we may see price advance to 1.40ish.


  
As a potential confirmation of direction, I'll keep an eye on the European financials sector, EUFN...price is currently sitting on support just below Fibonacci confluence resistance, as shown on the Daily and 4-hour charts below.