EURUSD’s rise from the April 22, 2009 low of 1.2885 remains active as ONLY a daily open and close below 1.3783 completes this rise while the June 3, 2009 high of 1.4338 caps. For the session ahead, look for EURUSD to continue to move higher towards 1.4290 while 1.4115 limits the downside as a sustained break of 1.4290 will see a retest of the June 3 high of 1.4338 followed by 1.4363.
GBPUSD’s rise from the April 22, 2009 low of 1.4396 remains active as ONLY a daily open and close below 1.5846 completes this rise while the June 30, 2009 high of 1.6743 caps. As to the upside, a daily open and close above 1.6693 will see further price extension with 1.7516 as the objective. For the session ahead, look for further intraday rise towards 1.6585 followed by 1.6743 while 1.6373 limits the downside.
EURUSD’s rise from the April 22, 2009 low of 1.2885 remains active as ONLY a daily open and close below 1.3783 will complete this rise at the June 3, 2009 high of 1.4338 with prices then continuing to move lower wihin a 1.3440-1.3783 consolidation zone before another attempt to the upside. As to the short term rise from the June 14, 2009 low of 1.3911, ONLY a 2 hour open and close below 1.4068 will complete this rise while the june 16, 2009 high of 1.4165 caps. For the session ahead, sell EURUSD at 1.4148 , stop loss at 1.4178 for 1.4008 target.
GBPUSD’s rise from the April 22, 2009 low of 1.4396 remains active as ONLY a daily open and close below 1.5846 will complete this rise while the June 30, 2009 high of 1.6743 caps. As to the short term rise from the July 13, 2009 low of 1.6031, this wave remains active as ONLY a 2 hour open and close below 1.6307 will complete this rise at the June 16, 2009 high of 1.6478, as prices will then continue to move lower within a 1.6202-1.6307 consolidation zone before another attempt to the upside.
EURUSD’s rise from the April 22, 2009 low remains active as ONLY a daily open and close below 1.3783 will complete this rise while the June 3, 2009 high of 1.4338 holds. A daily open and close below 1.3783 will then see prices continue to move lower within a 1.3440-1.3783 consolidation zone before another attempt to the upside. As to the intraday outlook, look for prices to continue to move lower initially targeting 1.3832 while 1.3980 caps.
GBPUSD’s rise from the April 22, 2009 low of 1.4396 remains active as ONLY a daily open and close below 1.5846 will complete this rise at the June 30, 2009 high of 1.6743, with prices then continuing to move lower within a 1.5293-1.5846 consolidation zone before another attempt to the upside. For the session ahead, look to sell GBPUSD while 1.6220 caps for 1.5846 initial target.
EURUSD’s rise from the April 22, 2009 low of 1.2885 remains active as ONLY a daily open and close below 1.3783 will complete this rise at the June 3, 2009 high of 1.4338 with prices then continuing to move lower within a 1.3440-1.3783 consolidation zone before another attempt to the upside. Look for intraday prices to continue lower while 1.4000 caps with 1.3783 as the next objective.
GBPUSD’s broad outlook remains bid as ONLY a daily open and close below 1.5846 will complete the rise from the April 22, 2009 low of 1.4396 at last week’s 1. 6743 high. Daily studies confirmed a sell on July 2, 2008 with 1.5846 as the next objective. For the session ahead, look for GBPUSD to continue lower while prices remain below 1.6427 for 1.5846 objective.
EURUSD’s broad outlook remains bid as the rise from the April 22, 2009 low of 1.2885 reached 1.4338 on June 3, 2008, as ONLY a daily open and close below 1.3783 will complete this rise while the June 3 high of 1.4338 caps. As to the intraday outlook, the fall from yesterday’s 1.4152 high remains active as only a 30 minute open and close above 1.4058 will complete this fall with prices then continuing to move higher initially targeting 1.4094. Once intraday prices have moved within the 1.4058-1.4094 consolidation zone, a break outside this zone will see further price extension in the direction of the break with 1.4152 as the upside target and 1.3950 as the downside target. However, the prevailing trend remains to the upside while prices remain above 1.3783.
GBPUSD’s broad outlook remains bid as ONLY a daily open and close below 1.5846 will complete the rise from the April 22, 2009 low of 1.4396 at yesterday’s 1. 6743 high. As to the intraday from Tuesday’s 1.6743 high, this fall remains active as only a 1 hour open and close above 1.6521 will complete this fall while today’s Asian session low of 1.6383 holds. However, daily studies and yesteray’s daily close favor lower prices in the days ahead with 1.6231 as the next objective. For the session ahead, look to sell GBPUSD within the 1.6521-1.6563 zone for 1.6231 objective.
EURUSD’s rise from the April 22, 2009 low of 1.2885 remains active as only a daily open an close below 1.3783 will complete this rise while the June 3, 2009 high of 1.4338 holds. Once prices have opened and closed below 1.3783, risk will then favor further price extension to the downside within a 1.3440-1.3783 consolidation zone before another attempt to the upside. Today’s 20 day MA comes in at 1.4005, with a daily open and close above the 20 day MA favoring further price extension initially targeting 1.4271. Weekly studes suggest price will move lower this week as 3 consecutive weeks of lower highs and lower lows suggest a correction should soon unfold. For the session ahead look to buy EURUSD while prices hold above 1.3880 and sell a break of 1.3880 for 1.3748 initial target.
EURUSD’s short term fall from the June 11, 2009 high of 1.4177 remains active as only a 2 hour open and close above 1.3912 will complete this fall while yesterday’s 1.3748 low holds, as prices will then move within a 1.3912-1.4013 consolidation zone before another attempt to the downside. Once prices have moved within the above mentioned zone , a sustained break of this zone will see further price extension in the direction of the break. Daily prices have closed below the 20 day MA currently at 1.4010 for 2 consecutive days, while a daily open and close below 1.3783 will see prices continue to move lower.
EURUSD’s rise from the April 22, 2009 low of 1.2885 remains active as only a daily open an close below 1.3783 will complete this rise while the June 3, 2009 high of 1.4338 holds. Once prices have opened and closed below 1.3783, risk increases for further price extension to the downside within a 1.3440-1.3783 consolidation zone before another attempt to the upside. Aditionally, the 20 day moving average comes in at 1.4003 at this writing as prices have not closed below the 20 day MA since April 24, 2009 and the daily chart is setting up for a potential sell confirmation possibly at today’s close. For the session ahead, look to sell EURUSD at 1.3947 with stop loss above 1.4003 for 1.3805 initial target.
GBPUSD’s short term rise from the June 8, 2009 low of 1.5801 remians active as only a daily open an close below 1.6307 will complete this rise at the June 11, 2009 high of 1.6620 with prices then continuing to move lower within a 1.6114-1.6307 consolidation zone before another attempt to the upside. As to the medium term rise from the April 22, 2009 low of 1.4396, this wave remains active as only a daily open an close below 1.5796 will complete this rise with prices then moving lower within a 1.5262-1.5796 consolidation zone before another attempt to the upside.
EURUSD broad outlook remains bid as the rise from the April 22, 2009 low of 1.2885 remains active with the June 6, 2009 high of 1.4338 as the next objective while ONLY a daily open and close below 1.3783 will complete this wave. For the session ahead, look to buy EURUSD within the 1.4032-1.4088 zone for 1.4338 objective followed by 1.4620.
GBPUSD remains bid with 1.6693 follwed by 1.6750 as the next objectives while ONLY a daily open and close below 1.5796 will complete the rise from the April 22, 2009 low of 1.4396. For the session ahead, look to buy GBPUSD within the 1.6472-1.6528 zone for 1.6693 objective followed by 1.6750.
EURUSD’s rise from the April 22, 2009 low of 1.2885 remains active as ONLY a daily open and close below 1.3783 will complete this rise while the June 3, 2009 high of 1.4338 caps. As to the short term rise from the May 28, 2009 low of 1.3792, this rise is complete at 1.4338, as a 1 hr open and close below 1.4001 confirms further downside with 1.3792 as the next objective. For the session ahead look to sell EURUSD ahead of 1.4000 for 1.3792 objective, or Buy EURUSD if prices open and close on an hourly basis above 1.4001 for 1.4137 target.
GBPUSD’s rise from the April 22, 2009 low of 1.4396 remains active as ONLY a daily open and close below 1.5796 will complete this rise while the June 3, 2009 high of 1.6662 holds, as prices will then continue to move lower within a 1.5262-1.5796 consolidation zone before another attempt to the upside. As to the fall from 1.6662, this wave remains active as a daily open and close above 1.6130 will complete this fall with prices then continuing to move higher. As to the fall from Friday’s 1.6241 high, this wave remains active as a daily close above 1.6054 favors further upside towards 1.6137. For the session ahead, look to sell GBPUSD between 1.6010-1.6054 for 1.5796 target.
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