http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-10.htmlWhile one person hesitates because he feels inferior, the other is busy making mistakes and becoming superior. ~ Henry C. Link Good morning. Euro pulls back again after yet another test of $1.3300 as Asian stocks declined today. US Trade balance and Bernanke’s speech are today’s most important events in the economic calendar USD Index it’s too early to call a bottom, ongoing recovery is probably corrective EURUSD Support zone is back in focus after yet another failed attempt to breakFri, 10 Feb 2012 08:08:27 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-10.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-09.htmlWe only do well the things we like doing. ~ Colette Good morning. Dollar is facing another round of selling as risk-sensitive pairs continue to push to the upside on more Greek optimism. Most important events in today’s economic calendar are the ECB, BOE interest rate decisions and US initial jobless claims. Here are a few charts worth our attention today USD Index It seems that a test of next support at 78 is just around the corner. So far there’s no clue that a bottom is in place, soThu, 09 Feb 2012 08:31:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-09.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-07.htmlPerfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. ~ Antoine de Saint-Exupery Good morning. The euro is recovering after yesterday’s test of support at $1.3050, although all eyes are on Greece these days. Current recovery is all about following the Aussie dollar which rallied big time in Asian session against most counter-parts after RBA surprised the markets by leaving interest rate unchanged at 4.25% instead of cutting to 4%.Tue, 07 Feb 2012 08:20:38 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-07.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-06.htmlIf a man will begin with certainties, he shall end in doubts; but if he will be content to begin with doubts he shall end in certainties ~ Sir Francis Bacon Good morning. The euro started the week under pressure, testing bids around $1.3050 earlier today. Ongoing decline is a result of yesterday’s meeting between Greek PM Lucas Papademos and the leaders of three parties, which ended without any deal. While Greece is again in focus, euro is decoupling from risk sensitive pairs such asMon, 06 Feb 2012 08:39:04 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-03.htmlPlans are only good intentions unless they immediately degenerate into hard work. ~ Peter Drucker Good morning. It’s that day of the month again, when everyone is waiting for the release of NFP report, which is expected by analysts to post a figure around 150k. Most currency pairs are trading quietly since yesterday, ahead of today’s employment figures USD Index 79.50 provides a stable barrier to the upside; sellers are probably waiting on the sideline, in case of a rally in the nextFri, 03 Feb 2012 08:02:10 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-03.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-02.htmlThe outcome of any serious research can only be to make two questions grow where only one grew before. ~ Thorstein Veblen Good morning. Dollar is back down retesting weekly bottom ahead of tomorrow’s NFP Report. USD Index 79.50 remains intact and provided a stable resistance point in the last 3 days. Judging by how things look now, I think there’s a good chance to test 78 soon EURUSD Recent decline to 1.3025/50 was corrective and upside is back in focus, so it’s time to keep an eye onThu, 02 Feb 2012 08:13:48 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-02-02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-30.htmlThe trouble with normal is it always gets worse. ~ Bruce Cockburn Good morning. Euro trades lower today, before European leaders meet in Brussels to discuss the region’s debt crisis and sign off a permanent rescue fund for the eurozone. Here’s a couple of charts to start the week with: USD Index Former support around 79.50 is now providing the first resistance level, so it’s a good idea to keep an eye on it if dollar’s recovery continues EURUSD 4hrs chart still looks quite bullish as theMon, 30 Jan 2012 08:30:28 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-30.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-26.htmlGood morning. Dollar’s decline continues as Fed says interest rates are likely to stay near zero through late 2014. Therefore, euro, risk pairs and metals rallied big-time – as seen on the charts below. USD Index Now that support around 79.50 has been breached and the buck is testing session lows, it’s not a good idea to buy dips but rather consider new selling opportunities with stops above former support zone and/or yesterday’s high. EURUSD The breakout scenario mentioned  yesterdayThu, 26 Jan 2012 08:14:41 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-26.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-25.htmlThe safest way to double your money is to fold it over and put it in your pocket. ~ Kin Hubbard Good morning. Euro holds onto gains fairly well and managed to recover after dropping to as low as $1.2953 yesterday, which turned out to be a corrective move. Dollar continues to push on support around 79.50 which should provide clues of further weakness towards 77 if breached, eventually. Today’s economic schedule is quite busy and there are some key events such as: German Ifo, Draghi’sWed, 25 Jan 2012 08:11:08 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-25.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-24.htmlWe don’t see things as they are, we see things as we are. ~ Anais Nin Good morning. Dollar’s decline continues as euro just popped through $1.300 yesterday, recovering from early bids around $1.2900. USD Index As seen in the daily chart below, key support level formed by the horizontal line which was a temporary top is now being tested. If this level fails, then we’ll probably see bids tested in the 77-78 range soon. So far there’s no sign to suggest that this potential correction isTue, 24 Jan 2012 07:56:12 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-24.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-23.htmlIt’s human nature to find patterns where there are none and to find skill where luck is a more likely – William Bernstein Good morning. Euro opened lower this week, erasing most of Thursday’s gains, therefore dollar index found support at 80: EURUSD 4hrs chart still looks bullish as current decline could be corrective. Next support backs the highlighted range at 1.2800, which is also the median retrace value of the entire up leg from 1.2625 to 1.2980 According to COT data, bearish positionsMon, 23 Jan 2012 08:13:20 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-23.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-20.htmlThe man who has confidence in himself gains the confidence of others. ~ Hasidic Saying Good morning. Dollar continues to fall as stocks recover, hence risk currencies, including EURUSD, are following stocks higher. Here are some of today’s interesting charts USD Index Support around 79.50 is in focus as dollar’s decline continues. That is probably a bottom bulls are keeping an eye on EURUSD Daily studies are slightly bullish as the euro trades above recent lower high and breached aboveFri, 20 Jan 2012 08:12:33 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-20.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-19.htmlThe greatest pleasure in life is doing what people say you cannot do. ~ Walter Bagehot Good morning. Dollar keeps losing altitude as the correction continues, while risk-sensitive pairs follow stocks higher. Important releases today are the CPI and Initial Jobless Claims USD Index Now that 81 has been breached, next downside barrier to watch is in the 79.50-80 range. Correction is likely to continue EURUSD Next upside barrier comes at 1.2900. Intra-day studies remain bullish and it’sThu, 19 Jan 2012 08:22:32 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-19.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-18.htmlNever believe anything until it has been officially denied. ~ Claud Cockburn Good morning. Dollar pulls back from recent top as EUR recovers towards $1.28, but uptrend remains intact and strong, so it’s most likely only a corrective cycle until the next round of bad news coming from Europe hits. Here’s a daily dose of charts to watch USD Index As seen below, former resistance is now acting as support around 81. Even if the dollar would eventually fall below 81, uptrend should stay intactWed, 18 Jan 2012 08:11:43 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-18.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-16.htmlConfidence is 10% hard work and 90% delusion. ~ Tina Fey Good morning. Euro fell further against its counterparts as S&P downgraded France, Austria, Italy and Spain by one notch, but it kept Germany’s AAA rating level. USD Index It seems that last consolidation cycle has come to an end as the dollar rallied on S&P’s downgrade. More upside is likely and it’s probably best to buy dips as long as there is no sign of trend exhaustion EURUSD Euro had a good chance to extend theMon, 16 Jan 2012 08:11:30 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-16.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-13.html“Good judgment comes from experience, and often experience comes from bad judgment.” ~ Rita Mae Brown Good morning. I’ve been away with limited access to the internet for the past three days, but looking at current charts, I don’t seem to have missed much. However, things are likely to become interesting USD Index Dollar is pulling back from recent top, retesting support around 80.50. The decline is rather corrective and uptrend should remain intact while the dollar holds above a supportFri, 13 Jan 2012 08:12:18 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-13.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-09.html“Doubt is not a pleasant condition, but certainty is absurd.” ~ Voltaire Good morning. A fresh multi-month low has been reached by EUR against USD at $1.2665 before pulling back to $.12720 at time of writing. Angela Merkel and Nicolas Sarkozy meet today in Berlin to finalise a deal to increase fiscal coordination and discuss ways to boost growth in euro zone states in order to overcome the sovereign debt crisis. USD Index The dollar is trading comfortably in theMon, 09 Jan 2012 08:14:38 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-09.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-06.html“There is no safety in numbers, or in anything else.” ~ James Thurber Good morning. The NFP day is here – consensus being a figure around 150k while the unemployment rate is expected to print 8.7%. The dollar just keeps climbing higher amid euro’s sell-off, as fresh multi-month lows are reached almost on a daily basis. USD Index Dollar is out of the consolidation range as it just exited to the upside yesterday. The breakout suggests more upside but don’t rule out a correction towards theFri, 06 Jan 2012 08:44:07 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-05.html“Make up your mind to act decidedly and take the consequences. No good is ever done in this world by hesitation.” ~ Thomas H. Huxley Good morning. Stocks are retreating from Tuesday tops, oil rallies on US – Iran worries and euro remains under pressure ahead of French bond sale today - reaching record lows against AUD and JPY. USD Index Uptrend is steady and recent top near 81 is still in focus. Next trade opportunity should be more obvious once it exists the range. EURUSD Euro justThu, 05 Jan 2012 08:23:00 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-05.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-04.html“The whole problem with the world is that fools and fanatics are always so certain of themselves, and wiser people so full of doubts.” – Bertrand Russell Good morning and Happy New Year to all – may this year bring you joy, happiness and all you hope for! Currency pairs started moving again and there should be lots of trading opportunities in the coming months. On near term basis – Friday’s NFP is the most important data release in this first week of 2012. USD Index Dollar starts the yearWed, 04 Jan 2012 08:06:41 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012-01-04.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-21.htmlThe greatest challenge to any thinker is stating the problem in a way that will allow a solution. ~ Bertrand Russell Good morning. Dollar pulled back yesterday as risk pairs rallied following stocks, hence  my plans  to look for selling opportunities on more AUD weakness are on-hold. Holidays are approaching, so it’s probably best to take a break – not focusing much on charts & trades these days. USD Index Support formed by recent resistance around 80 is being breached, andWed, 21 Dec 2011 08:43:00 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-21.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-20.htmlIn these matters the only certainty is that nothing is certain. ~ Pliny the Elder Good morning. Not much happened since yesterday, hence the trading ranges remain narrow. The dollar index holds onto gains above support formed by recent top, while the euro continues to hover around $1.300 in sideways trade. USD Index No change of sentiment – dips will likely continue to be bought EURUSD While it holds into this narrow range, it’s a good idea to look for opportunities in other pairs.Tue, 20 Dec 2011 08:35:43 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-20.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-19.htmlPatience has its limits. Take it too far, and it’s cowardice. ~ George Jackson Good morning. Death of Kim Jong Il is the hottest topic today and it is influencing the currency market, as the dollar strengthened across the board in the Asian trading session. The euro continues to orbit around 1.300 against the dollar ahead of ECB Draghi's speech a bit later today and remains vulnerable to more rating downgrades. Here’s a couple of charts to start the week USD Index Uptrend isMon, 19 Dec 2011 09:03:22 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-19.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-16.htmlHere’s something to think about: How come you never see a headline like ‘Psychic Wins Lottery’? ~ Jay Leno  Good morning. Euro recovered some ground after sliding to as low as $1.2945 two days ago, but the move is likely corrective and there’s more room for it to move higher. USD Index As seen below – current pullbacks is rather corrective and it should be interesting to watch how recent resistance will react to a potential test EURUSD Bulls shouldn’t be too confident in currentFri, 16 Dec 2011 08:39:37 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-16.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-14.htmlIt’s not the voting that’s democracy, it’s the counting. ~ Tom Stoppard Good morning. Euro’s sell-off continues in risk-off trade after yesterday’s Fed statement and remains under pressure ahead of bond auctions in Europe. USD Index Horizontal resistance has been breached, so it’s time to see whether the dollar will hold above the said barrier which should provide support. Should the former resistance provide support around 80, then EURUSD would face a new selling point in theWed, 14 Dec 2011 08:21:32 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-14.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-13.htmlEnvy can be a positive motivator. Let it inspire you to work harder for what you want. ~ Robert Bringle Good morning. Sentiment remains unchanged across the board, euro and other risk pairs extending Friday’s sell-off. EURUSD The ugly turned uglier as the bottom around 1.3150 is under pressure. As  mentioned yesterday  – I’m expecting more downside, testing round support at 1.300 soon Zooming in the 1-h chart, we can consider the median retracement value of last down leg (fromTue, 13 Dec 2011 08:28:52 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-13.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-12.htmlPolitics is the art of preventing people from taking part in affairs which properly concern them. ~ Paul Valery  Good morning. The euro comes under a new round of selling pressure today as Friday’s rally was short-lived, therefore selling into strength is still the best bet. Some of the notable economic events this week are: Fed Interest Rate Decision tomorrow, ECB Draghi’s Speech and US Initial Jobless Claims on Thursday. USD Index dollar is still consolidating aboveMon, 12 Dec 2011 08:13:50 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-12.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-06.htmlThe government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. ~ Ronald Reagan Good morning. Dollar maintains gains and advances further against counterparts as S&P puts 15 eurozone countries on watch for downgrade. The news comes just a few days ahead of the EU summit in Brussels and also 2 days ahead of the ECB’s expected interest rate cut. USD Index There’s likely moreTue, 06 Dec 2011 08:32:31 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-02.htmlGood morning. Not much happened since price stalled after Wednesday’s risk rally and not much is likely to happen until later today, when the NFP data will be published. Consensus is +120k. USD Index Support at 78 is intact as price is quietly consolidating ahead of jobs data. In case of a break of said support, short-term sentiment will turn bearish EURUSD A consolidation range between 1.3430/50 and 1.3500/15 is formed and it seems to be narrowing. 1.36 is next important barrier, aboveFri, 02 Dec 2011 08:14:19 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-01.htmlWhen we ask for advice, we are usually looking for an accomplice. ~ Marquis de la Grange Good morning. Short-term trends of several currency pars have been derailed yesterday – or rather delayed – by the coordinated central banks intervention. For those of you who’ve been busy doing something else and missed the news, now wondering what happened – while looking at the huge moves on the charts: the Federal Reserve, European Central Bank, the Bank of Japan, the Swiss National Bank, theThu, 01 Dec 2011 09:02:55 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-12-01.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-30.htmlTo avoid situations in which you might make mistakes may be the biggest mistake of all. ~ Peter McWilliams Good morning. The dollar continued to retreat against some of its counterparts as risk appetite returned. However, the move is rather normal after recent strong gains and so far it looks corrective. USD Index As seen below, a major reistance line is under pressure. Potential breakout would mean fresh lows for EURUSD EURUSD Resistance at 1.3450 highlighted in my previous report –Wed, 30 Nov 2011 08:10:31 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-30.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-28.html“Never stand begging for that which you have the power to earn.” ~ Miguel de Cervantes Good morning. The dollar is pulling back as risk trade returns – both AUDUSD and AUDJPY recovering some of last week’s losses. The euro is following but the gains remain modest so far. Here’s a bunch of charts to start the week: EURUSD A recovery is underway as optimism is driving the market higher at the moment. Well, I have a strong feeling that it’s the bears who are enjoying a recovery more than theMon, 28 Nov 2011 08:13:09 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-28.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-24.htmlThe quantity of civilization is measured by the quality of imagination. ~ Victor Hugo Good morning. Next trading sessions are likely to be quiet due to Thanksgiving holiday – or, who knows? perhaps the euro finally has a chance to recover some ground on today's data coming from Germany: GDP and Ifo Index EURUSD First intraday resistance stands around 1.3450, formed by both recent bottom and the median retracement value of last down leg, followed by 1.3500 just a bit higher. I remainThu, 24 Nov 2011 07:47:48 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-24.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-23.htmlMix a little foolishness with your prudence: It’s good to be silly at the right moment. ~ Horace Good morning. The euro continues to lose ground as all recent rallies have been sold. However, support around 1.3430 is still valid but the pair certainly feels quite heavy, so it seems that it’s only a matter of time until it breaks lower. Some of important events of today’s Economic Calendar are the US Initial Jobless Claims and Core Durable Goods Orders USD Index EURUSD Notable resistanceWed, 23 Nov 2011 08:06:47 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-23.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-21.htmlQuote of the day: “Be wiser than other people, if you can, but do not tell them so.” ~ Lord Chesterfield Good morning. Dollar holds onto gains as euro’s rally on Friday was short lived and sellers rushed in when price reached $1.3600/15, not far below $1.3650 – the barrier highlighted in my  previous post . Dollar Index 80 is current important objective to the upside as the recovery is stable EURUSD Selling into strength is probably still the best thing to do – as seen on FridayMon, 21 Nov 2011 08:39:58 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-21.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-17.htmlQuote of the day:  “Statistics: The only science that enables different experts using the same figures to draw different conclusions.” ~ Evan Esar Good morning. Euro remains weak across the board although it bounced off support near 1.3400. The recovery is modest, so I believe that best thing to do is still to sell into strength. The Initial Jobless Claims is the most important event of today’s  Economic Calendar . EURUSD Maybe it is a bit too low to sell at these levels unless,Thu, 17 Nov 2011 08:43:34 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-17.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-16.htmlQuote of the day:  “Ability will never catch up with the demand for it.” ~ Malcolm Forbes  Good morning. The euro is in free fall testing bids near 1.3400 in risk-off trade. The dollar is recovering against its majors and there are some fresh breakouts to watch these days. EURUSD Last move towards 1.3850 where price reversed 3 days ago was, indeed, corrective – as mentioned in my  Monday  article. I remain bearish on EUR and I would consider rallies new sellingWed, 16 Nov 2011 08:02:08 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-16.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-11.htmlQuote of the day:  “It is hard to fight an enemy who has outposts in your head.” ~ Sally Kempton Good morning. The dollar pulled back across the board but remains bullish against some of its major counterparts such as EUR, GBP, AUD etc. Today's Calendar is lighter  if we don’t count the "imminent" end of the world at 11:11 Am :) EURUSD As mentioned  yesterday  – 1.3700 is the level I’ll be watching if the pullback continues. EURAUD EURAUD continues to recoverFri, 11 Nov 2011 08:25:53 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-11.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-08.htmlQuote of the day: “Knowledge is the only instrument of production that is not subject to diminishing returns.” ~ John Maurice Clarke Good morning. Sentiment across the board is little changed since yesterday – EURUSD still trading in a narrow range between $1.37 and $1.38. CHF pairs are still in focus as the Swiss franc has lost ground against its counterparts on speculation that the SNB will take further steps to weaken the CHF. As a result, EURCHF trades near resistance at 1.2500,Tue, 08 Nov 2011 06:02:51 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-08.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-07.htmlQuote of the day: “Achievable goals are the first step to self improvement.” ~ J. K. Rowling Good morning. The euro is still trading in range against the dollar after the G20, NFP release and more news coming from Greece. Greek Prime Minister George Papandreou agreed to resign after the formation of a new government coalition. Here’s a couple of charts to start the week: EURUSD Downside is still under pressure as the euro failed to maintain momentum at 1.38 and above. A bear flagMon, 07 Nov 2011 08:25:20 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2011-11-07.html