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/2009-11-20.htmluote of the day: A penny saved is a penny earned. –  Benjamin Franklin EURUSD The bottom into the 1.4850 area has been challenged once again and provided a stable barrier – the euro recovering to as high as 1.4935 at the time of writing this. Not far away to the upside comes the downward trend line from last week’s top, extended through previous days highs – as seen in the chart below. A break above the said line around 1.4970 would confirm uptrend resumption, opening 1.5030/60.Fri, 20 Nov 2009 07:00:33 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-20.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-19.htmlQuote of the day:  Go for a business that any idiot can run – because sooner or later, any idiot probably is going to run it. — Peter Lynch EURUSD The euro trades higher today as it managed to return into the mid 1.49 region on yesterday but gains have been limited into the 1.4990 zone by the falling trend line coming from 1.5045 through Monday’s top at 1.5015. Short-term sentiment is slightly positive but a sustained breach above the 1.4975 resistance region would be an importantThu, 19 Nov 2009 07:03:44 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-19.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-18.htmlQuote of the day:  No one can earn a million dollars honestly. — William Jennings Bryan EURUSD A fresh decline into the lower 1.48 region occurred on yesterday but key support layer into the 1.4820-1.4850 range is intact as the euro recovered some of its losses. Although short-term sentiment has weaken, an extended recovery may develop as long as 1.4820/50 is intact. Minor resistance is formed around 1.4930, followed by a more notable barrier near 1.4980 – formed by the falling trendWed, 18 Nov 2009 06:35:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-18.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-17.htmlQuote of the day:  So you think that money is the root of all evil. Have you ever asked what is the root of all money? –   Ayn Rand EURUSD Intra-day lows have been reached on yesterday’s wild price action at 1.4880 as a result of Bernanke’s comments that the Fed will conduct the policy in a way to ”help ensure that the dollar is strong”. His attempt was short-lived and failed – the market digested the comments after clearing the weaker stops within the 1.4880-1.4930 region andTue, 17 Nov 2009 07:03:14 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-17.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-16.htmlQuote of the day:  Every once in a while, the market does something so stupid it takes your breath away. – Jim Cramer EURUSD The euro is grinding higher today, extending Friday’s gains into the 2nd half of the 1.49 area. Both short term and intra-day charts are plotting positive momentum as the euro managed to breach above the 50% retracement level of the down leg from 1.5045 to 1.4820 – at 1.4935 and 61.8% respectively at 1.4960. Former intra-day resistance layer into the 1.4910/35Mon, 16 Nov 2009 07:20:51 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-16.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-15.htmlEURUSD Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won’t occur within the coming days – such break confirming that the corrective move to 1.4825/50 has ended, hence bringing the upper territory of 1.5050-1.5100 in focus. As long as the rising trend channel plotted in the daily chart below remains intact, expectations are pointingSun, 15 Nov 2009 19:25:00 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-15.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-13.v02.htmlEURUSD Trading strategy : stand aside Downside pressure intensifies after the weak attempt to recover into the 1.49 territory and the 1.4850 support zone is being tested once again while writing these lines. In case of a break down below 1.4850, bearish objectives may be set into the lower half of 1.47. On the upside, a sustained break above 1.4950 is needed to resume uptrend. Today’s European session has been rather quiet, the euro trading into a range of 60 points so far, hence there’sFri, 13 Nov 2009 13:42:51 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-13.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-13.htmlQuote of the day:  Wide diversification is only required when investors do not understand what they are doing. — Warren Buffett EURUSD The euro pulled back on yesterday but remains supported by 1.4850. Since it failed to bounce off the said support, returning into the higher half of the 1.49 territory, fears of more downside action are increasing and sentiment remains bearish – a break above 1.4930/50 being required to regain upside momentum. In case of a break below 1.4850, next downsideFri, 13 Nov 2009 07:16:45 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-13.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-12.htmlQuote of the day: Just because something doesn’t do what you planned it to do doesn’t mean it’s useless. — Thomas Edison EURUSD The upside targets remain in focus as the euro holds steady around the 1.50 handle, finding solid bids on the minor pullbacks to 1.4950. Short-term sentiment will remain positive as long as support layer into the 1.4850-1.4900 zone is intact. Although price action reflects a high degree of uncertainty, upside is favored and potential dips will most likely be freshThu, 12 Nov 2009 07:07:23 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-12.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-11.htmlQuote of the day : Money doesn’t make you happy. I now have $50 million, but I was just as happy when I had $48 million. — Arnold Schwarzenegger EURUSD Needless to say, not much happened on yesterday, as liquidity in equities was pretty low but price remained into the positive territory. The euro found bids on last minor retracement to $1.4940 and the $1.5000 handle is under renewed pressure, but the euro has yet to overcome the 1.5000-1.5060 resistance layer and a break above thisWed, 11 Nov 2009 06:50:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-11.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-10.htmlQuote of the day : In today’s regulatory environment, it’s virtually impossible to violate rules. — Bernard Madoff EURUSD The euro is retreating from yesterday’s top side at 1.5020 which is inside the resistance region of 1.5000-1.5060 as noted into the chart attached below. Upside is favored and the 1.5 region is expected to remain under pressure as long as short-term support around 1.4850 is intact. Both short-term and medium term studies are bullish – the euro being up .65% perTue, 10 Nov 2009 07:08:01 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-10.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-09.htmlQuote of the day:  I have not failed. I’ve just found 10,000 ways that won’t work. — Thomas Edison EURUSD A busy week is over and a new one has started, hence we shall be ready to continue our trading journey. What’s changed after one week? First of all: the euro is set to gain more ground against the dollar after bouncing off support region around $1.4700, being helped also by gold trading at record highs – weakening the dollar even more. Unemployment figures also stand against theMon, 09 Nov 2009 07:04:39 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-09.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-06.htmlQuote of the day : We cannot truly plan, because we do not understand the future – but this is not necessarily a bad news. We could plan while bearing in mind such limitations. It just takes guts. – Nassim Nicholas Taleb EURUSD The euro holds steady and yesterday’s range has been 30% tighter than average but the 100 points gain was just enough to close above 1.4850 which is an important bullish confirmation, hence short-term sentiment turning positive. Intra-day studies are also bullishFri, 06 Nov 2009 07:01:47 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-05.htmlEURUSD The euro recovered on yesterday ahead of FOMC and the Fed held interest rates for “an extended period” and kept trillion-dollar stimulus measures in place to support the recession recovery. Key resistance into the 1.4850 area has been challenged on yesterday and earlier today and upside is slightly favored, further buying of EUR against the buck being possible within the coming days, anticipating a return into the 1.50 region. Support starts at 1.4800 backed by 1.4700/25 and 1.4630/50.Thu, 05 Nov 2009 07:17:38 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-05.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-04.htmlEURUSD A look at the EURUSD chart over the last few days provides a clear image of how undecided the market is. Yesterday’s sell-off below the 1.4700 support provided the confirmation of recent fears regarding an extended correction towards mid 1.45s, but price reversed around 1.4630 – returning into the 1.4730 region where it is still conserving intra-day gains. Be aware that the 100 points recovery could be a temporary, hence ‘fake’ reversal which could be caused by yesterday’s rally in GoldWed, 04 Nov 2009 07:13:26 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-04.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-03.htmlEURUSD The euro had another chance to extend its recovery above resistance at 1.4850 on yesterday but it found solid offers ahead of it and retreated back into the mid 1.47s, following the decline in equities. Upside remains slightly favored for now but downside pressure is high as long as 1.4850 is intact. A sustained break above 1050 in S&P500 would re-establish uptrend, encouraging gains in EURUSD above 1.4850 – towards 1.49-1.50 region. Short term sentiment remains bearish but theTue, 03 Nov 2009 07:04:49 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-03.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-02.htmlEURUSD The euro is advancing against the dollar after it retreated from 1.4850 on Friday. Same key support on the 1.4700 handle, formed by the 61.8% of the 1.4480-1.5060 up leg, provided a reversal level and the euro is currently pushing on the upside towards interim resistance at 1.4850. Downside risk remains high as long as the 1.4850/70 resistance region is intact and a sustained break is needed to confirm that the drop to 1.4700 has been corrective, hence resuming up trend. This weekMon, 02 Nov 2009 07:07:53 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-11-02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-30.htmlEURUSD Yesterday’s bounce off support on the 1.4700 handle was an early warning signal that uptrend could resume and the decline to 1.4700 was corrective in nature. Resistance formed into the 1.4850 region by September’s peak has limited yesterday’s gains but the euro may resume yesterday’s rally, a close above 1.4850 would increase the odds of uptrend resumption. On the lower side, support starts at 1.4800, backed by 1.4750 and 1.4700. Important support is also seen below 1.4700, at 1.4650Fri, 30 Oct 2009 06:51:36 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-30.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-29.v02.htmlEURUSD Trading strategy : small long at 1.4765, initial stop at 1.4715, objective at 1.4850. Adjust stop to breakeven on +30 pips (at 1.4795) if reached. Stronger than expected U.S. GDP lifts the euro to session highs against the dollar. The euro is currently pushing on the interim resistance around 1.4800 and hourly studies are positive, favoring further upside action towards the 1.4850 resistance and above. In case it gets “that far”, resistance is expected to counter the uptrend into theThu, 29 Oct 2009 13:18:47 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-29.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-29.htmlEURUSD The sell-off continued down to 1.4700 – the 61.8% of the up leg from 1.4480 to 1.5060, as a result of recent losses in equity markets. The S&P500 is facing support formed by a rising trend line coming from August’s low at 978.50, as seen in the chart below. A potential bounce off the said trend line would encourage an EUR recovery against the buck, aiming the 1.48-1.49 region which is expected to provide a solid resistance for a while. Short-term sentiment remains negative whileThu, 29 Oct 2009 07:05:35 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-29.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-28.htmlEURUSD Euro’s sell-off continued on yesterday as a result of equities pulling back from recent top sides. Support has been found on the 50% retracement of October’s swing from 1.4480 to 1.5060 – at 1.4770 and former support zone around 1.4830 provides a minor resistance which is under pressure at the time of writing this. Short-term sentiment is slightly bearish but I wouldn’t jump to conclusions that this is trend reversal, therefore no need to panic on a common 300 points retracement – whichWed, 28 Oct 2009 07:01:18 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-28.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-27.htmlEURUSD Yesterday’s losses in equities caused the euro’s decline into the key support zone into the 1.4820/50 region. Former resistance around 1.4830 which is the top side of September provides support and while it holds, uptrend will remain intact, despite yesterday’s decline of 220 points which is probably corrective. Although the euro recovered throughout today’s Asian session, downside risk remain high as the equities may resume the decline later today, therefore keep an eye on theTue, 27 Oct 2009 07:10:31 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-27.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-26.htmlEURUSD Resistance into the 1.5045/50 region is intact and couldn't be broken yet although it's been tested several times. Upside remains favored as long as intra-day support on the 1.5000 handle will hold on potential pullbacks. Intra-day studies are bullish but a sustained break above 1.5050 should encourage faster gains towards the 1.51-1.52 region. Resistance follows 1.5050 at 1.5100 and 1.5150 while on the downside, 1.5000 is backed by notable barriers at 1.4950, 1.4880/00 and 1.4820/50.Mon, 26 Oct 2009 07:08:52 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-26.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-23.htmlEURUSD The euro remains bid and upside pressure is quite high as the pair has reached a fresh high at 1.5060. Yesterday’s recovery in equity markets has favored the euro’s rally from the mid 1.49 region where it faced solid buying interest. Hourly price action suggests some weakness on a corrective cycle but it could be yet another chance to accumulate some bids before resuming uptrend, aiming towards the 1.5100 region. In case of extended pullbacks, support is set around 1.4940/50 backed byFri, 23 Oct 2009 06:07:57 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-23.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-22.htmlEURUSD Yesterday’s rally to 1.5045 opens the 1.5 territory and current pullback seem corrective, most likely caused by the session’s end losses in the equity markets. If the current pullback continues, intra-day support will be faced into the 1.4940/50 region which is backed by 1.4890/00 and 1.4820. While the euro maintains the bid-tone, fresh rallies may bring the 1.5100 handle in focus. Short-term momentum is bullish but the intra-day sentiment is slightly bearish but will turn positive on aThu, 22 Oct 2009 05:55:34 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-22.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-21.htmlEURUSD Trading strategy : short at 1.5060, initial stop at 1.5120, objective at 1.4960. Adjust stop to breakeven on +30 pips (at 1.5030) if reached The euro holds gains above the 1.4900 mark despite the downside pressure emerging since yesterday. The upward channel formed on the 4-hrs charts (as seen below) is intact and has provided yet another level to initiate long positions with objectives into the 1.5 region. Intra-day sentiment is slightly bearish but a potential break above 1.4950 willWed, 21 Oct 2009 05:21:20 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-21.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-20.htmlEURUSD Trading strategy : short at 1.5060, initial stop at 1.5120, objective at 1.4960. Adjust stop to breakeven on +30 pips (at 1.5030) if reached The euro rose to a fresh high at 1.4993 – a few points below the 1.5 barrier. Current pullback is modest and a re-test of the 1.5000 within the coming sessions is likely. If dollar’s weakness will extend past 1.5000, next upside barriers will come into play at 1.5050/70 and 1.5100. On the downside, the euro is supported by 1.4950 on first place,Tue, 20 Oct 2009 05:32:59 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-20.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-19.htmlEURUSD The support zone around 1.4840 has provided a stable reversal point so far and the upward channel formed on the 4-hrs chart, as seen below, is intact – the lower band providing support on last pullback. However, intra-day momentum is quite weak and a break above 1.4920/30 is needed to confirm uptrend resumption. Short term sentiment remains bullish as long as the euro holds above 1.4770-1.4820 and a test of 1.5000 may occur within the coming days. Upside is slightly favored for now.Mon, 19 Oct 2009 06:03:59 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-19.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-16.htmlEURUSD Intra-day sentiment is slightly bearish after the 2nd failed attempt to reach 1.5000. Yesterday's relatively fast recovery from 1.4840, which is also the 61.8% retracement ratio of 1.4760-1.4965, suggests that uptrend is very strong and pullbacks are grabbing bids from below 1.4900, for a potential break out above 1.5000 on the coming days. Upside is favored for now as there are no noticeable signs of correction and a weekly close into the 1.5 region will be a very importantFri, 16 Oct 2009 05:59:07 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-16.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-15.htmlEURUSD Trading strategy : short at 1.5010, initial stop at 1.5065, objective at 1.4910. Adjust stop to breakeven on +30 pips (at 1.4980) if reached The rise continued and the euro currently trades into a fresh multi-month high territory – near the psychological barrier 1.5, also right on the upper band of the upward trend channel seen below. Short term sentiment is highly positive since breaking out past the 1.4750-1.4800 zone. The euro will probably continue to lead against the dollar as longThu, 15 Oct 2009 06:30:29 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-15.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-14.htmlEURUSD After reaching a fresh high at 1.4875 on yesterday, the euro pulled back but has found buyers on the dip to 1.4805/10. Therefore, upside is under pressure now as the euro trades comfortably into the higher half of the 1.48 region. Intra-day support is formed by 1.4800/10 backed by an upward trend line coming around 1.4760 and 1.4690/00 lower. On the upside, 1.4890/00 provides the first barrier followed by 1.4930 and the 1.5 mark. In case of extended gains above 1.49 during the comingWed, 14 Oct 2009 11:01:36 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-14.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-13.v02.htmlEURUSD After reaching a fresh high at 1.4875 on yesterday, the euro pulled back but has found buyers on the dip to 1.4805/10. Therefore, upside is under pressure now as the euro trades comfortably into the higher half of the 1.48 region. Intra-day support is formed by 1.4800/10 backed by an upward trend line coming around 1.4760 and 1.4690/00 lower. On the upside, 1.4890/00 provides the first barrier followed by 1.4930 and the 1.5 mark. In case of extended gains above 1.49 during the comingTue, 13 Oct 2009 06:07:44 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-13.v02.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-13.htmlEURUSD Friday's losses have been recovered on yesterday and the upside is under pressure once again, first intra-day barrier being formed by the 1.4800 handle. Today's ZEW Economic Sentiment report released in Germany may favor a break above 1.4800, if the reading comes better than expected. On the downside, potential pullbacks could find support into the 1.4670-1.4700 region, backed by 1.4600/25 which is a more notable barrier on short-term basis. Momentum studies are positive on bothTue, 13 Oct 2009 06:06:33 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-13.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-12.htmlEURUSD Short term sentiment remains positive despite Friday’s minor pullback to 1.4675 but the intra-day charts show signs of weakness since falling below 1.4750 support. Therefore, a break above 1.4750/70 is needed to re-initiate the intra-day uptrend. On a potential resume of the uptrend, objectives may be set around 1.4800 and 1.4845/50 resistance levels. On the lower side, intra-day support is formed by 1.4670 backed by 1.4580/00 lower. Current quote is 1.4716 @06:00 GMT Support:Mon, 12 Oct 2009 05:59:22 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-12.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-09.htmlEURUSD Yesterday’s gains against the dollar have been limited into the 1.4800/20 region and Bernanke’s speech has sent the euro a bit lower, testing support on the 1.4700 handle. Short term sentiment remains positive while the intra-day charts are slightly bearish, a breach above 1.4750 being needed to signal a change in hourly sentiment. In case of extended losses below the support at 1.4700, next downside barrier is emerging at 1.4650 then lower at 1.4600/10. Current quote is 1.4726Fri, 09 Oct 2009 06:02:48 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-09.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-08.htmlEURUSD Upside is on focus as the euro recovered on yesterday after it found support at 1.4650. Intra-day uptrend is under development and price may stabilize above 1.4700 which is an important level formed by the weekly open of the last two weeks. Intra-day support is now seen at 1.4700 backed by yesterday’s bottom at 1.4650. Resistance starts at 1.4800 followed by recent top side at 1.4845/50 and the projected targets 1.4900 and 1.5 higher. Upside is favored for now and potential pullbacksThu, 08 Oct 2009 05:58:27 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-08.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-07.htmlEURUSD The euro continues to achieve higher highs on the current recovery process, aiming towards the recent top side at 1.4845. Short-term sentiment is slightly bullish but the intra-day studies show minor signs of weakness. In case of an extended pullback below overnight’s low at 1.4683, look for support into the 1.4620-1.4650 zone, eventually 1.4600. On the upside, minor resistance is formed at 1.4760 followed by 1.4800 and the recent top at 1.4845. Current quote is 1.4710 @06:10 GMTWed, 07 Oct 2009 06:12:46 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-07.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-06.htmlEURUSD The euro recovered on yesterday and continued to climb higher during today’s Asian trading session. Upside remains favored and a daily close above 1.4700 would confirm the end of the corrective cycle from 1.4845 to 1.4480. Intra-day sentiment is also positive and won’t change as long as 1.4650/70 will provide support on pullbacks. Since there aren’t any solid resistance levels until the ytd high at 1.4845, extended gains should be easily achieved if the support into the 1.4670/00 regionTue, 06 Oct 2009 05:31:41 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-06.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-05.htmlEURUSD Not much has changed across the board while I've been on my annual vacation during the last two weeks. Current euro's pullback from 1.4845 seem corrective and the euro has found support on the median retracement level of September's upward move from 1.4190 to 1.4845 - at 1.4520. Short term momentum remains negative despite the minor recovery from 1.4500/20 to current levels near 1.4650. A daily bar close above 1.4700 would re-initiate the uptrend. Intra-day momentum is positive and willMon, 05 Oct 2009 06:10:36 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-10-05.htmlhttp://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-09-18.htmlEURUSD A fresh ytd high has been reached on yesterday at 1.4765 and the euro holds steady above the 1.4700 handle, being well supported by the rising trend line seen on the 4-hrs chart attached below. While above the said support, intra-day sentiment will remain positive, favoring further upside action towards yesterday’s top side and above – all the way to 1.4850/65. Below 1.4700, next intra-day support is emerging at 1.4650 and 1.4600. In case of an extended pullback, 1.4550/60 may limitFri, 18 Sep 2009 05:28:04 GMThttp://www.fxstreet.com/technical/forex-forecasts/info@innerfx.com (InnerFX)http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-09-18.html