http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/05/01/EUR/USD Forecast Technical Analysis The EUR/USD pair continued to confound traders on Monday, while not only going back and forth, but also giving everyone a little bit of what they want. Simply put, the market isn’t willing to take too many chances at this point, and with the Non-Farm Payroll numbers coming out at the end of the week, there is a chance that the market could be fairly quiet. The Spanish economy is now in recession, although this shouldn’t be a surprise on any front. ItalianTue, 01 May 2012 07:07:42 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/05/01/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/30/EUR/USD Forecast Technical Analysis The EUR/USD pair rose during the session on Friday, but fell a bit short of breaking out of the descending triangle that the market looks like it is trying to form. There are a ton of problems in Europe at the moment, so buying the currency still isn’t in our thoughts at the moment. In fact, we see lower highs over the last couple of months – the very definition of a downtrend. However, we have to note that a move above the 200 day EMA and the 1.35 levelMon, 30 Apr 2012 07:33:28 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/30/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/27/USD/JPY Forecas Technical Analysis The USD/JPY pair is without a doubt one of the most interesting pairs at the moment. In this market you have a matchup of two central banks that seem dead set on killing off their currencies. After all, the Bank of Japan is in hyper easing mode, and the Federal Reserve seems to think that managing an “orderly decline” in the value of the Dollar is one of their mandates. The Friday session will see an important inflection point in this pair as the Bank ofFri, 27 Apr 2012 07:53:04 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/27/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/26/EUR/USD Forecast Technical Analysis The EUR/USD pair had a back and forth session on Wednesday as the Federal Reserve has essentially taken the easy way out for the meeting. In other words, the statement said little about the possibility of quantitative easing, and then Dr. Bernanke mentioned the possibility of easing if needed a couple of times during the news conference afterwards. In other words, the markets are more than likely confused. With this in mind, the meeting has come and gone,Thu, 26 Apr 2012 07:21:01 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/26/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/25/EUR/USD Forecast Technical Analysis EUR/USD rose a bit on Tuesday as the best levels came off. The pair has been choppy lately to say the least, and the action continues to remain so. The trend lately has been for the Europeans and Asians to sell this pair off, and the Americans to come in and pick it back up. However, something will have to give way sooner or later, and the time for a move could even be today. With the Federal Reserve having its announcement in the afternoon part of the USWed, 25 Apr 2012 07:54:29 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/25/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/24/EUR/USD Forecast Technical Analysis The EUR/USD pair fell most of the session on Monday, but the Americans came in and gave it a lift yet again. The resulting candle looks somewhat like a hammer, but it far too long in the body to be considered as one. None the less, the underlying psychology is the same as the buyers were willing to come back and buy this pair up later in the session. The European Union has plenty of concerns, and the resilience of this pair is truly remarkable truth beTue, 24 Apr 2012 07:53:35 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/24/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/23/EUR/USD Forecast Technical Analysis The EUR/USD pair had a bullish day on Friday, breaking higher on the session as the hammers from the previous two sessions triggered a bullish run. The pair looks as if it will continue higher for the moment, but the area above looks very resistive. The 200 day EMA is starting to drift lower, and the 1.3350 area above looks like a good candidate for resistive candles. Based upon this, we think that the pair will rise to that area roughly, and then show signsMon, 23 Apr 2012 08:00:26 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/23/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/20/EUR/USD Forecast Technical Analysis The EUR/USD pair had an important day on Thursday as the Spanish auctioned off their two and ten year bonds to a reasonable amount of demand, albeit on higher rates than the last sale. Because of this, the Euro will have been somewhat weighed upon, but the fact that the bond markets weren’t quite as scary as they could have been, this pair didn’t have much downward momentum. The pair has been bouncing off of the 1.30 level for some time now, and the actionFri, 20 Apr 2012 07:22:43 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/20/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/19/EUR/USD Forecast Technical Analysis The EUR/USD pair had a fairly wild session on Wednesday in order to eventually have a slightly negative day. The resulting candlestick formation looks a lot like a hammer, but it is far too stuck in traffic in order to consider it as such. The formation simply suggests that the level below, the 1.30 mark, is going to be very difficult to break through. (As if you haven’t already noticed by now.) The markets are without a doubt waiting for the auction resultsThu, 19 Apr 2012 07:50:15 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/19/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/18/EUR/USD Forecast Technical Analysis After a back and forth session on Tuesday, one thing can be said: The EUR/USD pair has been one that has caused quite a few headaches for many traders lately. After all, the European debt situation isn’t getting any better and the world knows it. The European banks are without a doubt in serious trouble, and as a result the European Central Bank is helping to keep them afloat, and there is a serious debate as to whether or not they would even be in businessWed, 18 Apr 2012 07:34:07 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/18/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/17/EUR/USD Forecast Technical Analysis The EUR/USD found the 1.30 level supportive yet again on Monday. The pair bounced hard, and finished the session above the 1.31 level as the support was so strong. However, the pair certainly cannot be bought in the long run, and we like selling it from higher prices when offered the chance. The rallies are to be sold, and although the session closed close to the top of the range, we aren’t willing to buy at this point. In fact, 1.32 is probably going to beTue, 17 Apr 2012 07:12:00 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/17/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/16/EUR/USD Forecast Technical Analysis The EUR/USD pair fell hard during the session on Friday as Spanish bond yields spiked yet again. The cost of insuring those bonds is also rising, and as a result people are dumping the Euro. However, the 1.30 level just below is massive support, and we need to see it broken on the downside with a daily close under it in order to sell at this point. Rallies can be sold as well, as soon as they show weakness as this pair is so heavy. We are not buying until weMon, 16 Apr 2012 07:13:06 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/16/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/13/EUR/USD Forecast Technical Analysis The EUR/USD pair rose for the session on Thursday in response to Janet Yellen of the Federal Reserve talking about the need to keep rates low in the United States going forward. This had the markets repricing the possibility of “Quantitative Easing 3” yet again. However, the Euro is without a doubt one of the weakest currencies, and this rally will more than likely just be a simple selling opportunity. The fading of this rally is our plan, and we will useFri, 13 Apr 2012 07:42:05 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/13/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/12/EUR/USD Forecast Technical Analysis The EUR/USD pair rose during the Wednesday session, only to fall later in the day. The resulting candle is another shooting star as the support level holds – but the bulls cannot gain any real traction. Because of this, it is obvious that the 1.3 level is going to be crucial for the bulls to progress. If it gives way – we are selling aggressively as the market should fall to the 1.26 level. A bounce from these levels would only have us selling the rallies asThu, 12 Apr 2012 07:10:37 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/12/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/11/EUR/USD Forecast Technical Analysis The EUR/USD pair fell on Tuesday as the markets sold the Euro off in general. The Spanish and Italian bonds markets saw a spike in yields as the fears of a debt crisis have obviously not gone away in Europe. The banks in many countries in the periphery continue to borrow massive amounts of capital from the LTRO, and this shows just how distressed many of them are. The 1.30 level below is a massive support level though. Because of this, the market willWed, 11 Apr 2012 07:47:44 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/11/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/10/EUR/USD Forecast Technical Analysis The EUR/USD pair fell during the session on Monday, but bounced from the 1.30 area to form a hammer. This pair is certainly one we don’t like to buy, but selling at this point will be difficult as the 1.30 level has been so supportive this year. The pair should continue to find the area strong, so if we can break below it and see a daily close sub-1.30, we would be very bearish and willing to sell aggressively. In the mean time, we think a bounce is one toTue, 10 Apr 2012 07:16:57 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/10/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/09/EUR/USD Forecast Technical Analysis The EUR/USD pair rose during the Friday session in reaction to the weaker than expected Non-Farm Payroll report out of America. The report was expected to show a build of 200,000 jobs last month, but fell short as it only showed that 120,000 we added. With this in mine, many traders will have thought that the Federal Reserve isn’t that far from more quantitative easing. However, this report is simply one out of several that have shown a uptrend inMon, 09 Apr 2012 06:54:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/09/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/06/02/EUR/CHF Forecast Technical Analysis The EUR/CHF pair fell during the session on Thursday as the bears got involved in the pair en masse. The pair actually managed to fall below the well-known “minimum acceptable exchange rate” as set by the Swiss National Bank at 1.20, and as a result this pair got a lot of attention for the session. The level held of course, but there was no massive intervention as expected. Of course, it should be stated that the central banks move on their own time. AfterFri, 06 Apr 2012 12:39:35 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/06/02/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/06/EUR/USD Forecast Technical Analysis The EUR/USD pair fell hard on Thursday to continue the general slide of the Euro over the last several sessions. The EU has major issues, so this really shouldn’t be a surprise at this point. In fact, it looks as if the market is finally over the “rescue” of Greece, and we are now starting to see true sentiment return to the pair. The fact that the pair couldn’t get back to the 1.35 level is telling. The breakout above the 1.3250 to 1.33 resistance areaFri, 06 Apr 2012 06:50:28 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/06/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/05/EUR/USD Forecast Technical Analysis The EUR/USD pair fell hard on Wednesday as the European Central Bank head Mario Draghi had very dovish comments during the press conference that the central bank held. The Spanish also had trouble selling bonds, and the one-two punch to the bulls was far too much to handle. The action looks very weak as the market closed near the lower end of the candle, and it now seems that the 1.30 level is the next target. The 1.3250-1.33 level above could end up beingThu, 05 Apr 2012 07:00:30 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/05/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/04/EUR/USD Forecast Technical Analysis The EUR/USD pair fell hard on Tuesday as the Federal Reserve released its minutes of the last meeting. The lack of any real support for another round of quantitative easing sent people back into the Dollar, and this of course sent this pair down. The breaking of the previous hammers suggests that this was a serious break of support, and as a result we are willing to sell on a break of the Tuesday lows. The market looks as if it will run back to the 1.30 areaWed, 04 Apr 2012 07:13:28 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/04/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/03/EUR/USD Forecast Technical Analysis The EUR/USD pair fell during most of Monday’s session, but managed to bounce back in the end in order to form a hammer. The pair looks like it wants to go higher, but it should be mentioned that this pair will continue to suffer at the hands of headline risk going forward. Certainly, most people are painfully aware of the issues with European debt at the moment, but there are always going to be chances for the news to be worse than feared. After all, theTue, 03 Apr 2012 07:41:33 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/03/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/02/EUR/USD Forecast Technical Analysis The EUR/USD pair rose during the session on Friday in order to trigger the buy signal by breaking above the top of the hammer from the Thursday session. The 1.3250 level below is a support level, as it was also recently resistance. The 1.35 level above is a substantial resistance area, and with all of the issues in Europe at the moment, we aren’t big fans of holding this pair to the long side for great lengths of time. The candle for the day also featured aMon, 02 Apr 2012 07:17:53 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/04/02/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/30/EUR/USD Forecast Technical Analysis The EUR/USD pair fell during the session on Thursday as the fears of a Spanish meltdown are starting to pick back up. The spread between Spanish and German bonds is at just under 19% on average now, and this suggests that the Spanish bond markets are about to become rather stressed. The market has risen lately though, but in the biggest picture this seems to be a continuation of the larger consolidation between the 1.35 and 1.30 levels. The 1.3250 level isFri, 30 Mar 2012 07:01:14 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/30/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/29/EUR/USD Forecast Technical Analysis The EUR/USD pair had a real back and forth session on Wednesday as the markets were somewhat skittish during the day. The 1.3250 level being supportive was important, but the reality is that the 1.35 level above is going to be real strong in its resistance, and as a result we are looking to fade any rallies up to that point. We aren’t interested in buying at all, as there are simply far too many problems in Europe at the moment. In fact, unless we closeThu, 29 Mar 2012 07:52:40 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/29/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/28/EUR/USD Forecast Technical Analysis The EUR/USD pair has been very bullish as of late, but the Tuesday session saw a very lackluster performance. The comments out of the Federal Reserve Chairman Ben Bernanke’s mouth on Monday about keeping rates low for as long as possible really gave this pair a boost. However, there was very little follow through during the Tuesday session, and this should give the bulls a bit to worry about as there weren’t many signs of massive resistance above until theWed, 28 Mar 2012 07:58:03 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/28/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/27/EUR/USD Forecast Technical Analysis The EUR/USD pair broke out to the upside on Monday as the Federal Reserve Chairman suggested that the exceptionally low interest rates in the US will remain for as long as possible. Some people went so far to suggest he was hinting at Quantitative Easing 3 as well, but wither way this was a Dollar-negative remark. The Dollar lost against almost everything except the Yen, and the Euro was no different. Looking ahead, the real fight will be at 1.35, and withTue, 27 Mar 2012 06:29:06 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/27/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/26/EUR/USD Forecast Technical Analysis The EUR/USD rose on Friday to trigger the buy signal on top of the hammer from the Thursday session. However, the 1.3250 level above it is still resistive up until the market clears the 1.33 level. With this in mind, this was a signal that we ignored as this kind of tight move is a great place to lose money in our experience. The pair continues to be erratic over the long term though, and as such it is a “quick market” in which you won’t want to be holding aMon, 26 Mar 2012 07:18:24 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/26/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/23/EUR/USD Forecast Technical Analysis The EUR/USD pair fell for most of the Thursday session as the European manufacturing situation looks bleak. There is concern about a slowdown in China, and as such the “risk off” trade came into vogue. However, by the end of the session we saw a constructive bounce that formed a hammer on the daily chart. The pair is effectively trading between the 1.3250 and 1.30 levels at the moment. This move suggests that we could see another push back to the 1.35 level,Fri, 23 Mar 2012 11:37:05 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/23/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/22/EUR/USD Forecast Technical Analysis The EUR/USD pair fell after bouncing around during the Wednesday session. The pair is currently trading just under the 1.3250 resistance area, and it makes sense that it would struggle as a result. The Spanish and Portuguese bond markets saw a bit of a spike for the session, so it looks like we are worried about European debt yet again. As long as the problem isn’t fixed – and it won’t be for some time – we are selling Euros on the whole. On a break of theThu, 22 Mar 2012 08:11:58 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/22/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/21/EUR/USD Forecast Technical Analysis The EUR/USD pair fell for most of the session on Tuesday as the 1.3250 level held as resistance. However, by the end of the day we saw a bounce in this pair, and the resulting candle was a hammer. The pair looks as if the bulls are going to press the area hard, so a breakout cannot be ruled out at this point. None the less, we prefer to sell weakness going forward, so if we break out to the upside, we will look at 1.35 as a potential selling area on signs ofWed, 21 Mar 2012 07:42:52 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/21/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/20/EUR/USD Forecast Technical Analysis The EUR/USD pair rose during the session on Monday as the markets continue to breathe a sigh of relief after the Greek bailout package was passed. However, the 1.3250 level is just above, and it looks as if it could be a spot where we will see the sellers step back into the markets. After all, the situation in Europe hasn’t been changed; simply put on hold is all. With this in mind, we are looking for signs of weakness at the 1.3250 level, and also at theTue, 20 Mar 2012 07:30:45 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/20/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/19/EUR/USD Forecast Technical Analysis The EUR/USD pair rose during the session on Friday as the 1.30 level continues to offer strong support in this pair. The bullish sentiment in the Euro will more than likely be short-term at best, and rallies will continue to be treated with suspicion going forward. The 1.3250 level will offer resistance as well as the 1.35 level. The market still has a lot of questions about various places in Europe, so on the margin, we want to be short of this pair.Mon, 19 Mar 2012 07:04:13 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/19/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/16/EUR/USD Forecast Technical Analysis The EUR/USD pair rose during the session on Thursday as the 1.30 level held firm as support. The area is a 200 pip “zone” of support that continues to frustrate the bears, and shows just how supportive this market is at the moment. However, the overall problems in Europe are far too worrisome for us to think of buying this pair, and as such we have just a couple of options in this pair. The first option for us is to sell on a breakdown below the supportFri, 16 Mar 2012 07:33:25 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/16/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/15/EUR/USD Forecast Technical Analysis The EUR/USD pair fell for most of the session on Wednesday to test the 1.30 support level. The area is actually a 200 pip “thick” zone, and as such we don’t consider it broken until we get below the 1.29 handle. The Euro has an amazing ability to completely ignore bad news, so we are cautious about this market at the moment. A daily close sub-1.29 will be needed to short it going forward. If we see a bounce, we prefer selling, but only after the pair stalls,Thu, 15 Mar 2012 07:40:20 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/15/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/14/EUR/USD Forecast Technical Analysis The EUR/USD pair fell again for the Tuesday session as the Federal Reserve failed to suggest that further quantitative easing is on the way. This strengthened the Dollar, and the Euro took it hard. The 1.31 level has been the start of serious support, and this level goes all the way down to the 1.29 level to form a “super cluster” of buyers. This pair remains bearish overall, but it is going to take something a bit special to break it down at this point.Wed, 14 Mar 2012 07:47:36 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/14/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/13/EUR/USD Forecast Technical Analysis The EUR/USD pair fell at the open for the Monday session, but bounced in order to form a hammer at the top of serious support. The support level, which runs from the 1.29 to 1.31 levels, should continue to be the “lift” that this pair has needed. The area has a focal point at 1.30, and as a result it seems that the area is rapidly becoming a major support and resistance cluster. The pair looks as if it wants to rise a bit, and the recent “voluntary” haircutTue, 13 Mar 2012 09:21:55 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/13/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/12/EUR/USD Forecast Technical Analysis The EUR/USD pair fell hard on Friday as the Non-Farm Payroll number came out better than expected. The Greeks we also finally labeled as being in default, and the CDS markets saw the insurance policies triggered. The fall was consistent with what one would expect, but the 1.31 level did in fact hold as support, and the area runs all the way down to the 1.30 mark. Because of this, we aren’t ready to sell yet, even with the bearish action. In order to do this,Mon, 12 Mar 2012 07:26:16 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/12/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/09/EUR/USD Forecast Technical Analysis The EUR/USD pair got a nice boost for the session on Thursday as traders tried to get in front of the announcement of participation rates in the Greek bond swap. The market looks as if it is trying to assume that the deal will go through, and this will lift the value of the Euro in general. However, the spike in price could simply be short-term at best, as the day also sees the Non-Farm Payrolls number out of the United States, which of course is always aFri, 09 Mar 2012 09:09:33 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/09/http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/08/EUR/USD Forecast Technical Analysis The EUR/USD pair has a very slightly positive session on Wednesday as the market took a bit of a breather ahead of today’s important announcement on participation in the Greek bond haircuts. These “voluntary” haircuts will excuse Greece of massive amounts of losses, and this would be Euro positive. That of course is only until other countries demand the same thing. Any pop in this pair will be sold off given enough time. However, in the interim, the pairThu, 08 Mar 2012 07:57:09 GMThttp://www.fxstreet.com/technical/forex-strategy/info@fxempire.com (FXEmpire.com)http://www.fxstreet.com/technical/forex-strategy/technical-majors-analysis/2012/03/08/