The Advisor Weblog

EUR/USD technical perspective

Posted: 21 Sep 2010 05:12 AM PDT

Here is the EUR/USD technical perspective updated, and posible trades for the cross:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-09-21.html

Starting the day

Posted: 21 Sep 2010 05:10 AM PDT

Hi everyone, and welcome back! Quite interesting morning, with euro near 1.3160 monthly high, and pound testing the 1.5500 level. Despite later today, the FOMC meeting should be keeping investors more cautious, seems market has already priced in what will happen: rates will remain unchaged, with the “extremely low for an extended period” comment added; some QE could be announced. Dollar has already been losing ground due to this, so a better than expected announcement (low probabilities yet still posible), could favor greenback at the end of the day. Still not sure of how market will react to the Minutes; let’s see how things develop during the rest of the day.

Here is the link for today's calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!