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...
* 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.

Cabin

Cabin

Events

UPCOMING ECONOMIC EVENTS...
* Tues. July 28th ~ 2-Day FOMC Meeting begins + Wed. July 29th @ 2:00 pm ET ~ FOMC Meeting Announcement
* Fri. Aug. 7th @ 8:30 am ET ~ U.S. Employment Data
*** Click here for link to Economic Calendars for additional data

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.