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/2013/04/18/Good morning. The euro recovered across the board but pulled back against the dollar yesterday, so the question now is whether current decline is corrective or not. Let’s take a look at a few interesting charts EURUSD Yesterday’s decline suggests that Euro’s recovery is corrective. See the daily chart below. Market sentiment: intraday – bearish, short-term – slightly bullish Potential trade strategy: to sell on rally to 1.3100, stop above 1.3170, target at 1.2850 Here’s the 4-hrs chart, whereThu, 18 Apr 2013 11:25:54 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/04/18/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/28/Good morning. The euro continues to decline as there are fears of Cyprus contagion and it’s quite obvious that the decline is far from over. Today’s important events in the FX calendar is the Initial Jobless Claims and GDP EURUSD Downtrend remains strong and all pullbacks are providing good selling opportunities. As a small update to my previous post, the EUR went down as expected and I remain quite confident that selling into rallies is the best thing to do. Market sentiment: intraday –Thu, 28 Mar 2013 09:35:56 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/28/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/19/Good morning. The euro declined and remains under pressure amid fears over Cyprus bailout. EURUSD 1.3050 still provides a strong resistance and a potential recovery toward said level is likely to be short-lived. Selling into weak recoveries is probably the best bet for now Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: to sell into rally around 1.30, stop above 1.3060, target at 1.29 and below AUDUSD There are obvious signs of rally exhaustion and it’sTue, 19 Mar 2013 09:10:07 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/19/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/12/Good morning. Dollar resumed rally after Friday’s NFP and the euro declined from 1.31 area to 1.2955. EURUSD It was a good plan to hold short ahead of Friday’s NFP, and I believe that current pullback is corrective, as EUR is showing signs of exhaustion after recovering from 1.2950 area to 1.3050 – currently trading around 1.3015 Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: to sell into rally around 1.3050, stop above 1.3100, target at 1.2950 EURJPYTue, 12 Mar 2013 09:04:16 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/12/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/08/Good morning. The euro had a good run yesterday after Draghi’s comments, who said that eurozone’s economy will stabilize this year. EUR holds onto gains ahead of today’s NFP data. EURUSD Yesterday I was rather expecting this former resistance range between 1.3050-1.3100 to hold, but after such strong declines – “more-than-modest” or even strong corrections are common. Although the resistance was breached, I have doubts that this is the beginning of a prolonged recovery. So my yesterday’s planFri, 08 Mar 2013 08:23:37 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/08/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/07/Good morning. EUR continues to lose ground against the dollar and looks quite fragile ahead of today’s ECB decision. Other important events today: US Trade Balance, Initial Jobless Claims and BoE’s Interest Rate Decision. EURUSD Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: to sell into rally in the 1.3070-1.3100 area, stop above 1.3150, target below 1.2950 EURJPY Current recovery seems corrective and there’s a good change of another round of selling inThu, 07 Mar 2013 14:36:41 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2013/03/07/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/11/21/Good morning. EUR declined overnight on disappointing Greek aid-talk results. EURUSD EUR found temporary support between the two fib lines highlighted in the hourly chart below. However, it's probably a safer trading plan to look for selling opportunities on rally to $1.2800 Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: to sell on pullback to 1.2800, stop above 1.2850, target below 1.2700 EURJPY There's a good chance that the EUR will keep climbing aboveWed, 21 Nov 2012 08:08:24 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/11/21/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/11/06/Good morning. Aussie dollar is rising across the board after the RBA kept interest rates at 3.25% instead of cutting to 3%, as widely expected. The euro is losing ground on more Greece worries. The U.S. Election is definitely this week's most important event. There are some nice breakout trading opportunities to watch in the coming sessions: EURUSD Euro breached below support at 1.2820 and there's no sign of relief yet; therefore selling on minor intraday pullbacks to the upside is, in myTue, 06 Nov 2012 08:28:19 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/11/06/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/11/02/02/Good morning. The NFP day is here (consensus is 125k and 7.9% unemployment), so let's take a look at some of today's interesting charts EURUSD Support at 1.2880/00 is under pressure as EUR failed to recover above $1.300. More losses are likely Market sentiment: intraday – bearish, short-term – neutral Potential trade strategy: to sell on breach below 1.2880, target at 1.2800 EURJPY Resistance around 104.00 is in focus today as the Japanese yen continues to weaken across the board. A breakoutFri, 02 Nov 2012 08:55:00 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/11/02/02/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/11/02/Good morning. The NFP day is here (consensus is 125k and 7.9% unemployment), so let's take a look at some of today's interesting charts EURUSD Support at 1.2880/00 is under pressure as EUR failed to recover above $1.300. More losses are likely Market sentiment: intraday – bearish, short-term – neutral Potential trade strategy: to sell on breach below 1.2880, target at 1.2800 EURJPY Resistance around 104.00 is in focus today as the Japanese yen continues to weaken across the board. A breakoutFri, 02 Nov 2012 08:30:56 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/11/02/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/31/Good morning. It's pretty obvious that Hurricane Sandy has an impact on the currency markets, especially due to NY Stock Exchange being closed for two days. Let's see what are some of today's interesting charts EURUSD The euro found some bids at $1.29 upward trendline and managed to climb above the downward trendline which is connecting recent lower highs. It looks slightly bullish for now and there's a good chance that other risk sensitive pairs are going to push the EURUSD higher MarketWed, 31 Oct 2012 08:35:15 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/31/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/26/Good morning. Euro continues to lose ground across the board while the dollar is strengthening, providing some good buying opportunities in several pairs. Let's take a look at some of today's interesting charts EURUSD The euro failed to hold above support region formed by the two fib lines, so it's probably better to sell into the weakness below that support instead of holding a long position (dip bought on the correction to 1.2950 earlier this week) Market sentiment: intraday – bearish,Fri, 26 Oct 2012 07:00:38 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/26/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/25/Good morning. Not much happened across the charts after yesterday's important events - such as Fed's interest rate decision, Draghi's speech etc. The euro continued to weaken against the US dollar but managed to find support in the fib range highlighted below. Should this be a simple corrective decline? we'll find out very soon Market sentiment: intraday – bullish, short-term – mixed Potential trade strategy: to hold a small long position, target at 1.3070 EURGBP Support zone which was freshlyThu, 25 Oct 2012 07:26:22 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/25/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/23/Good morning. Euro failed to recover above $1.31 and resumed decline - testing the lower $1.30 zone at time of writing. Daily chart is bullish while it looks heavier on the intraday ones. EURUSD Market sentiment: intraday – bearish, short-term – bullish Potential trade strategy: to buy on retracement to 1.2970, target at 1.3070 USDCHF A potential breakout would result in EURUSD declining even more Market sentiment: intraday – bullish, short-term – neutralPotential trade strategy: to buy onTue, 23 Oct 2012 07:31:50 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/23/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/18/Good morning. The euro and other risk-sensitive currencies gained more ground since Tuesday and it's likely that they would continue on the same path in the coming days. EURUSD Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy: to buy either on break of 1.3150 or on a pullback to 1.3050, target at 1.3250+ EURGBP Resistance at .8100 was breached and provides short-term support now. Market sentiment: intraday – bullish, short-term – bullish Potential tradeThu, 18 Oct 2012 07:29:09 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/18/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/16/Good morning. Euro seems to be getting some relief, retesting 1.300 at time of writing. A breach would open the door to 1.32-1.33. German Zew and US CPI are today's most important events. Market sentiment: intraday – bullish, short-term – slightly bullish Potential trade strategy: none 4hrs chart: 1.3070 follows 1.300 as next upside barrier to watch EURGBP .8100 is again in focus as EUR found bids around .8020 last week. Perhaps it's time to end the consolidation and break above .8100 soon?Tue, 16 Oct 2012 07:25:57 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/16/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/11/Good morning. Euro continues to weaken after Spain's downgrade by S&P and ahead of Italy's bond auction later today. Other important economic events today are the US trade balance and initial jobless claims EURUSD already erased last week's gains and it seems there's much pressure on the $1.2800/25 support level. 1.26 is next floor to watch in case 1.2800/25 fails. I am bearish while it holds below 1.3 Market sentiment: intraday – bearish, short-term – slightly bearish Potential tradeThu, 11 Oct 2012 06:20:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/11/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/08/Good morning. Euro rallied but faced resistance after Friday's NFP data release, which came at 114k vs. consensus of 113k. The unemployment rate dropped to 7.8%, fueling the conspiracy theories that the number was fake in order to aid President Obama's re-election. EURUSD Market sentiment: intraday – bearish, short-term – slightly bullish Potential trade strategy: to buy dips at 1.2950, target at 1.3050 EURJPY The Japanese yen is strengthening across the board and there's a good chance thatMon, 08 Oct 2012 07:39:25 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/08/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/05/Good morning. Euro climbed higher against the US dollar after ECB's Draghi comments on preserving euro. The market is currently quiet - awaiting NFP later today. EURUSD My previous plan to sell into rally to 1.29 wasn't the best idea, so I'm rather looking for buying opportunities now that resistance at 1.2900 was breached Market sentiment: intraday – neutral, short-term – slightly bullish Potential trade strategy: to buy dips at 1.2950, target at 1.3050 GBPAUD GBP holds gains and it seemsFri, 05 Oct 2012 07:12:27 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/05/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/03/Good morning. Euro is trading sideways against the dollar ahead of tomorrow's ECB meeting. Risk-sensitive pairs such as AUDUSD and NZDUSD are losing ground, testing short-term support. EURUSD Market sentiment: intraday – bearish, short-term – neutral Potential trade strategy: to sell around 1.2900, target at 1.2800 GBPAUD GBP is rallying after the nice breakout above 1.5600. Next target is at 1.6 Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy: to hold longWed, 03 Oct 2012 07:09:17 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/03/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/01/Good morning. The euro is retesting support formed by the fib range between 1.2770 and 1.2840, after a failed attempt to recover above 1.29 on Friday. Some of the most important economic events this week are: Bernanke’s speech later today, ECB’s rate decision on Thursday and the NFP on Friday. EURUSD Market sentiment: intraday – bullish, short-term – neutral Potential trade strategy: none GBPAUD Resistance around 1.5600 is again under pressure after a weak pullback on Friday which ratherMon, 01 Oct 2012 07:46:55 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/10/01/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/28/EURUSD Good morning. Euro is currently recovering some ground after it found support at the 50% fib retracement value, around 1.2840. Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy: to hold long, target at 1.31 GBPCAD A reversal candle was formed yesterday, so it’s likely to see more weakness developing in the coming sessions. 1st support to keep an eye on is around 1.5850 Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy:Fri, 28 Sep 2012 07:12:03 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/28/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/25/Good morning. Euro looks a bit heavy but still holds around $1.2900 ahead of ECB’s Draghi speech later today. Other risk-sensitive pairs, such as AUDJPY, are trading in a narrow range – being slightly bearish on intra-day basis at time of writing. EURUSD I think that a stronger support is formed between the two fib lines (1.2750 to 1.2830), hence a potential buy zone Market sentiment: intraday – bearish, short-term – bullish Potential trade strategy: to buy dips at 1.2850, target at 1.30 GBPAUDTue, 25 Sep 2012 07:34:07 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/25/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/12/Good morning. Dollar is under pressure across the board as Germany’s Constitutional Court is expected to give its approval today to the euro zone’s new bailout fund. Tomorrow’s Fed meeting is another important event that is currently putting weight on the dollar. EURUSD Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy: to hold long, target at 1.30 EURCAD Resistance at 1.25 is still under pressure but yesterday’s fast recovery suggests that a breakout isWed, 12 Sep 2012 07:05:14 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/12/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/07/Good morning. The euro and risk currencies such as AUD rallied yesterday after the ECB meeting. Euro is currently holding gains above $1.2600, being ready for another leg up to $1.27 – $1.28 EURUSD Market sentiment: intraday – bullish, short-term – bullish Potential trade strategy: to hold long, target at 1.28 4-hrs chart: EURJPY Euro exited the consolidation range, providing a nice breakout trade opportunity. Next target is at 101-101.50 Market sentiment: intraday – bullish, short-term –Fri, 07 Sep 2012 07:05:13 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/07/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/06/Good morning. EUR rallied across the board yesterday on news that ECB plans to buy unlimited debt and is holding gains near resistance levels ahead of today’s ECB meeting. EURUSD Market sentiment: intraday – slightly bearish, short-term – bullish Potential trade strategy: to hold long or buy on the break of 1.2630/50, target at 1.28 EURJPY EURJPY bounced off horizontal channel support line yesterday and reached the channel’s upper limit. There’s a good chance for a breakout above thisThu, 06 Sep 2012 07:09:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/06/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/03/Good morning. Euro holds gains and is flirting with $1.2600 since a week ago. EURUSD Market sentiment: intraday – slightly bearish, short-term – bullish Potential trade strategy: to buy dips around 1.2530, stop below 1.2470, target at 1.2650 GBPUSD Cable remains bullish after recent breakout above 1.5750 but has found resistance at 1.59 – formed by the 62% fib of the entire decline from 1.63 to 1.5260. Buying dips near support zone or on a break above the 62% are two plans to consider. MarketMon, 03 Sep 2012 07:11:52 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/09/03/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/21/Good morning. Dollar is mixed across the board, while the Euro holds gains above $1.2300 – trying to push higher – to 1.2440/50. EURUSD Market sentiment: intraday – bullish, short-term – slightly bullish Potential trade strategy: none GBPUSD Resistance at 1.5730/50 is still under pressure, since June. Best thing to do in my opinion is to wait for a breakout and buy on strength above that level Market sentiment: intraday – bullish, short-term – neutral Potential trade strategy: to buy onTue, 21 Aug 2012 06:44:25 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/21/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/16/Good morning. Euro continues to face some downside pressure as it failed to recover above former support, formed by the trendline connecting recent short-term higher lows on the 4hrs chart (see bel0w). Initial Jobless Claims is today’s most important economic data release. EURUSD Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: short at current levels while 1.2330/50 is intact, target at 1.2150 AUDUSD Aussie dollar is still in correction-mode and support atThu, 16 Aug 2012 06:27:03 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/16/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/13/Good morning.Here’s a couple of interesting charts to start the week EURUSD EUR continued to test the downside on Friday and is now trading near support range formed by the rising trendline connecting recent higher lows on 4hrs chart and the 61.8% fib retracement of last up leg, as well. Now that 1.2320 was breached, this is the only important support level on its way down – back to $1.2150 and lower Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy:Mon, 13 Aug 2012 07:30:25 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/13/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/09/Good morning. Risk pairs keep rising while the dollar is losing ground across the board. EUR holds onto gains at $1.2370 at time of writing after bouncing off support around 1.2320. EURUSD Intraday sentiment remains slightly bullish while EUR holds above 1.2320 but is losing strength on daily charts, so a daily close above $1.2400 is needed to maintain positive momentum. Market sentiment: intraday – slightly bullish, short-term – slightly bullish Potential trade strategy: to buy dips atThu, 09 Aug 2012 07:27:06 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/09/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/07/Good morning. Friday’s positive NFP figure has sent risk-sensitive currencies higher against the US dollar. The euro managed to overcome former resistance barrier in the lower $1.23 zone and is now hovering near $1.24. EURUSD Market sentiment: intraday – bullish, short-term – slightly bullish Potential trade strategy: to buy dips at 1.2320, target above 1.24 This support range between 1.2290 and 1.2325 is even easier to notice on the hourly chart below USDCHF USD lost ground as EURUSD ralliedTue, 07 Aug 2012 07:18:17 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/07/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/02/Good morning. The dollar recovered yesterday after the Fed said yesterday that the economy is weakening. The Fed left unchanged the statement that they would likely hold the rate unchanged, near zero, at least through late 2014 – and left the door open for fresh stimulus. It seems there’s a good chance we won’t see more QE in the next months since election is just around the corner and the Fed doesn’t want to appear political. The market is currently waiting for the ECB at 13:30 GMT, which isThu, 02 Aug 2012 07:16:37 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/02/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/01/Good morning. The market is likely to stay quiet until later today, when the ADP Nonfarm Employment Report and ISM Manufacturing Index will be released. The most important event is scheduled in the evening (GMT), and that is the Fed Interest Rate Decision followed by the FOMC Statement. EURUSD Euro is slowly recovering some of Friday’s losses when it pulled back after reaching $1.2390. First resistance starts a few pips above current trading level – at 1.2330 and it is followed by 1.2390/00. IWed, 01 Aug 2012 07:14:53 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/08/01/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/31/Good morning. Dollar is still under pressure across the board, although EURUSD returned below $1.23, but the Aussie dollar popped above 1.05. Important economic events this week are: Interest rate decision in US, Europe and Great Britain and the NFP on Friday. EURUSD Market sentiment: intraday – slightly bullish, short-term – bearish Potential trade strategy: to buy on break above 1.2310/20, target at 1.24+ GBPUSD Cable still hovers near 1.5740/50 resistance, so the best plan in my opinion isTue, 31 Jul 2012 07:22:01 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/31/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/27/Good morning. Dollar continued to weaken against its counter-parts yesterday, so EUR managed to reach resistance at $1.2300 formed by a top established in the last two weeks. EURUSD Market sentiment: intraday – bullish, short-term – bearish Potential trade strategy: to look for a buying opportunity (aggressive plan) on the break of 1.2310, target at 1.2400 USDCHF Support is under pressure as EURUSD is testing $1.2300. Next support is formed by the two fib retracements of the last up leg MarketFri, 27 Jul 2012 07:07:48 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/27/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/26/Good morning. Dollar is trading slightly lower across the board today on speculation that the US Fed will expand stimulus. The euro made a few attempts to recover towards $1.22 but eventually failed and is still consolidating gains a few points below 1.2150 – where resistance zone starts. Important events today are: ECB Draghi’s speech and Initial Jobless Claims EURUSD Market sentiment: intraday – slightly bullish, short-term – bearish Potential trade strategy: buying on strength aboveThu, 26 Jul 2012 07:43:24 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/26/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/24/Good morning. Euro recovered some ground since yesterday but is facing selling pressure on each attempt to reach fresh intraday highs – and the sell-off is likely to continue amid Spain and Italy worries. EURUSD Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: to sell on pullback to 1.2150/70, initial stop above 1.2200, target at and below 1.200. There are two sell zones quite obvious on the hourly chart: one at 1.2150 (gap filling) and the 2nd one betweenTue, 24 Jul 2012 07:24:59 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/24/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/23/Good morning. Euro continues its collapse, reaching a 11-year low against the Japanese yen and is trading near $1.200 against the dollar at time of writing. Current selling catalysts are the renewed talks of Greece eurozone exit and Spain worries. Important events this week: Bernanke’s Speech, German IFO, New Home Sales, US Initial Jobless Claims, US GDP EURUSD Market sentiment: intraday – bearish, short-term – bearish Potential trade strategy: to sell on pullback to 1.2150/70, initial stopMon, 23 Jul 2012 07:11:12 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/23/http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/18/Good morning. Euro holds onto gains after yesterday’s recovery from $1.2185 – level reached after the fast plunge of 1 big figure in one hour. Today’s important events: UK MPC Meeting Minutes, Bernanke’s Testimony, BoC Monetary Policy Report EURUSD Recovery is likely to continue, at least that’s what the 4hrs and daily charts suggest Market sentiment: intraday – bullish, short-term – bearish Potential trade strategy: to sell into rallies towards 1.2380-1.2400, targeting 1.2200 and below.Wed, 18 Jul 2012 07:18:48 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2012/07/18/