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COZforex: The dollar remained sharply lower against the yen on Tuesday after the Bank of Japan disappointed market expectations for steps to ease market volatility following its latest policy setting meeting. Amid European afternoon trade, the dollar posted steep losses against the yen, with USD/JPY dropping 1.87% to 96.90. In Japan’s economic news, consumer confidence edged up to a level of 45.7 in May. Meanwhile, Japan’s Eco watchers survey for the current economic conditions dropped to 55.7 in May and the Eco watchers survey for future economic situation declined to 56.2 in May. This morning, the Bank of Japan left its benchmark interest rate unchanged at 0.1% in June and maintained its asset purchase program. In addition, the BoJ revised up its assessment slightly, stating that Japan’s economy has been picking up. Furthermore, the M3 money supply in Japan advanced 2.8% annually in May, while the M2+CD money supply rise 3.4% in May. Moreover, according to the Business Survey Index, sentiment at large manufacturing industries in Japan advanced to a reading of 5.0 in the Q2 2013. Meanwhile, investors remained focused on whether the Federal Reserve will begin to unwind its easing policies later this year. Speculation that the US central bank will begin to taper its asset purchase program continued following Friday’s upbeat jobs data and after ratings agency Standard & Poor’s revised its long-term outlook on the US credit rating to stable from negative on Monday, citing an improving economic outlook. In technical analysis, COZforex senior currency strategist Ian • Quigley said, USD/JPY is predicted to find support at 97.65, and a drop through could take it to the next support line of 96.95. Meanwhile, the pair is predicted to find its first resistance at 99.19, and a rose through could take it to the next resistance line of 100.03. (COZ forex UK)

COZforex: The pound pushed lower against the US dollar on Tuesday, after the release of weak US trade balance data, as investors looked ahead to Thursday’s Bank of England monthly meeting and US data on nonfarm payrolls on Friday. GBP/USD hit 1.5274 amid US morning trade, the session low; the pair subsequently consolidated at 1.5276, slipping 0.26%. COZ senior foreign exchange risk investment trader Desmond Doyle said, GBP/USD is predicted to find support at 1.5222, and a drop through could take it to the next support line of 1.5129. Meanwhile, the pair is predicted to find its first resistance at 1.5392, and a rose through could take it to the next resistance line of 1.5469. Sterling remained supported after data showed that construction output in the UK rose to the highest level since October 2012 in May. Markit said the UK construction purchasing managers' index rise to 50.8 in May from 49.4 in April, climbing above the 50 level that separates growth from contraction for the first time in 6 months. The report said rising construction output could support economic growth in the second quarter but added that the sector was unlikely to contribute to overall employment levels. The data came one day after a report showing that the U.K.’s manufacturing sector grew at its fastest pace in more than a year in May. In the US, data on Tuesday showed that the US trade deficit widened more-than-expected in April, rising 8.5% to USD40.3 billion. The Commerce Department said US imports rise 2.4% in April to USD227.7 billion, while exports increased 1.2% to USD187.4 billion. The report came after data on Monday showed that the US manufacturing sector contracted for the first time in 6 months in May. The data dampened expectations that the Federal Reserve will start to unwind its USD85 billion-a-month asset purchase program later this year. (COZ forex UK)

COZforex: The euro was higher against the broadly weaker dollar on Wednesday as the dollar’s recent strong gains prompted investors to book profits. EUR/USD hit 1.2976 during European afternoon trade, the pair’s highest since May 24; the pair subsequently consolidated at 1.2952, gaining 0.76%. COZforex senior currency strategist Ian • Quigley said, EUR/USD is predicted to find support at 1.4988, and a decline through could take it to the next support line of 1.4945. Meanwhile, the pair is predicted to find its first resistance at 1.5105, and a rose through could take it to the next resistance line of 1.5179. The dollar has risen more than 1.6% against the euro this month during growing speculation that the Federal Reserve is moving closer to unwinding its USD85 billion-a-month asset purchase program. Stronger-than-expected data on US consumer confidence and house prices on Tuesday bolstered the outlook for the economic recovery. In the euro zone, official data on Wednesday showed that the number of people out of work in Germany rise by 21,000 in May, much more than the 5,000 increase expected. Germany’s unemployment rate was unchanged at 6.9%, in line with expectations. A separate report showed that German consumer price inflation accelerated to 1.5% in May from a year earlier, above expectations for a 1.3% increase. Meanwhile,the Organization for Economic Cooperation and Development cut its growth forecast for the global economy to 3.1% this year, from 3.4% six months ago. OECD also urged the European Central Bank to implement more aggressive measures such as quantitative easing to spur growth in the euro zone. Also Wednesday, the European Commission allowed some member states to slow the pace of austerity cuts, giving Spain and France two-year extensions to bring their deficits below 3% of GDP. (COZ forex UK)

COZforex: The US dollar edged higher against the Swiss franc in quiet trade on Tuesday,but gains were expected to remain limited as markets were jittery ahead of comments by Federal Reserve Chairman Ben Bernanke on Wednesday. USD/CHF hit 0.9704 amid European morning trade, the session high; the pair subsequently consolidated at 0.9679, adding 0.10%. COZforex foreign currency senior currency strategist, Paul Chew said, the pair is predicted to find support at 0.9642, and a drop through could take it to the next support line of 0.9609. Meanwhile, the pair is predicted to find its first resistance at 0.9712, and a rose through could take it to the next resistance line of 0.9749. Investors remained cautious ahead of Bernanke’s testimony at the US Joint Economic Committee and the minutes of the Fed’s most recent policy meeting, both due Wednesday. Markets were awaiting any indication that the US central bank will begin to scale back its asset purchase program this year after recent economic data bolstered optimism over the economic recovery. The Swissie was also steady against the euro with EUR/CHF inching 0.04% higher, to hit 1.2464. (COZ forex UK)

COZforex: The US dollar was steady close to 2-and-a-half month lows against the Canadian dollar on Wednesday as upbeat data from Germany and China lifted risk appetite. USD/CAD hit 1.0039 amid early U.S. trade, the session low; the pair subsequently consolidated at 1.0046, edging up 0.01%. Coz forex senior derivatives trader Daniel • Moloney said, USD/CAD is predicted to find support at 1.0030, and a drop through could take it to the next support line of 1.0007. Meanwhile, the pair is predicted to find its first resistance at 1.0080, and a rose through could take it to the next resistance line of 1.0107. Official data showed that German industrial output jumped 1.2% in March, the largest increase in 12 months and confounding expectations for a 0.1% drop. The data, coming one day after a report showing that German factory order also beat expectations in March bolstered the outlook for first quarter growth in the euro zone’s largest economy and tempered expectations for fresh rate cuts by the European Central Bank. Earlier Wednesday, official data showed that Chinese imports and exports rise more than expected in April, easing concerns over a slowdown in the world’s second largest economy. China's exports rise 14.7% year-on-year last month, while imports grew 16.8%, bringing the country’s trade surplus to USD18.6 billion for the month, above expectations for a surplus of USD 15.05 billion. The Canadian dollar was almost unchanged after official data showed that Canadian building starts dropped in line with expectations in April, dropping to 174,900 units from 181,100 units in March. (COZ forex UK)

COZforex: The pound erased gains against the US dollar on Thursday, pulling away from session highs after the release of upbeat US economic reports sent the greenback broadly higher. GBP/USD pulled away from 1.5591 amid US morning trade, the session high; the pair subsequently consolidated at 1.5531, slipping 0.16%. COZ senior foreign exchange risk investment trader Desmond Doyle said, GBP/USD is predicted to find support at 1.5513, and a drop through could take it to the next support line of 1.5478. Meanwhile, the pair is predicted to find its first resistance at 1.5596, and a rose through could take it to the next resistance line of 1.5644. The US Department of Labor said that the number of individuals filing for initial jobless benefits in the US last week declined by 18,000 to a seasonally adjusted 324,000, the lowest level since January 2008. Separate reports showed that the US trade deficit narrowed more-than-expected in January, while US non-farm productivity rise less-than-expected in the first quarter. Market players were looking ahead to Friday’s highly-anticipated US monthly jobs report to further asses the strength of the country’s economy and the need for further stimulus from the Federal Reserve. Sterling found support earlier, after Markit said the U.K. construction purchasing managers' index rose to 49.4 from 47.2 in March, better than expectations for a reading of 48.0. The euro came under broad selling pressure after European Central Bank President Mario Draghi said the ECB has an “open mind” on a negative deposit rate for banks. The deposit rate is the rate paid by the ECB on overnight deposits by euro zone banks. The ECB left its deposit rate unchanged at zero at its policy meeting earlier. The ECB cut the benchmark interest rate to 0.5% from 0.75%, amid mounting concerns over the outlook for the region’s economy. COZ forex UK

COZforex: The dollar was trading close to the key psychological level of 100 per yen on Wednesday as markets looked ahead to an upcoming Bank of Japan meeting on Friday. USD/JPY hit 99.77 amid late Asian trade, the pair’s highest since Monday; the pair subsequently consolidated at 99.69, rising 0.24%. COZforex foreign currency senior currency strategist, Paul Chew said, USD/JPY is predicted to find support at 98.69, and a decline through could take it to the next support line of 97.93. Meanwhile, the pair is predicted to find its first resistance at 99.99, and a rose through could take it to the next resistance line of 100.53. The BoJ was to hold a policy meeting on Friday, after unveiling a plan earlier this month to double its asset purchase program over the next 2 years in an attempt to achieve its 2% inflation target. The bank is also to release its semi-annual outlook report, which includes inflation and economic forecasts. In economic news, the corporate service price index (CSPI) in Japan dropped 0.2% annually in March. The yen slipped lower against the euro, with EUR/JPY easing up 0.17% to 129.52. The euro remained under pressure as expectations for a rate cut by the European Central Bank weighed on the single currency. The euro zone was to release the Ifo index of German business climate later Wednesday, while the US was to produce government data on durable goods orders. COZ forex UK

COZforex: The euro rise to session highs against the dollar on Thursday after steep falls in the previous session prompted bargain buying, but sentiment on the single currency remained fragile. EUR/USD hit 1.3074 amid European morning trade, the session high; the pair subsequently consolidated at 1.3063, gaining 0.22%. COZFX strategist Nigel Boynton said, EUR/USD is predicted to find support at 1.2970, and a drop through could take it to the next support line of 1.2886. Meanwhile, the pair is predicted to find its first resistance at 1.3170, and a rose through could take it to the next resistance line of 1.3286. Demand for the euro continued to be supported after the Bank of Japan’s aggressive easing program caused the yen to weaken broadly. Spain saw borrowing costs fall to the lowest level since September 2010 at an auction of 5 and 10 years government bonds on Thursday. Meanwhile, France auctioned 5 year bonds at record low yields as sentiment on euro zone bonds remained supported by BoJ easing. But the single currency remained under pressure during concerns over the outlook for economic growth in the euro zone and the risk of a fresh flare up of the region’s debt crisis. The euro declined sharply against the dollar on Wednesday after European Central Bank Governing Council member Jens Weidmann said the bank could cut interest rates if economic data indicated that it was warranted. The US was to release official data on initial jobless claims and the Philly Fed manufacturing index later in the trading day. (COZ forex UK)

COZforex: The US dollar slipped lower against the Swiss franc on Thursday, as sentiment remained supported by the Bank of Japan's aggressive monetary easing steps. USD/CHF hit 0.9310 amid European morning trade, the session low; the pair subsequently consolidated at 0.9314, edging down 0.12%. COZforex senior currency strategist Ian • Quigley said, USD/CHF is predicted to find support at 0.9302, and a drop through could take it to the next support line of 0.9274. Meanwhile, the pair is predicted to find its first resistance at 0.9350, and a rose through could take it to the next resistance line of 0.9370. Market sentiment has been supported since the BoJ unveiled a massive monetary stimulus program last week, aimed at beating deflation in the world’s third largest economy. Investor confidence also strengthened after data on Thursday showed that China saw a large increase in bank lending in March, adding to signs of an economic recovery one day after trade data indicated that domestic demand remains strong. Meanwhile, Wednesday’s minutes of the Federal Reserve’s most recent meeting showed that policymakers are still divided over about when to end its bond buying program. The Fed minutes, which were inadvertently released ahead of schedule, showed that that a few policymakers saw quantitative easing tapering around midyear, while several others believed it would be appropriate to slow later in the year and to stop by the end of the year. The impact of the minutes was muted as the meeting was held before nonfarm payrolls data showed that the US economy added far fewer than expected jobs in March. Later in the day, the US was to publish the weekly government report on initial jobless claims and data on import prices. (COZ forex UK)

COZforex: The Australian dollar ended Friday’s session at a 12-day low against its US counterpart, despite the release of a flurry of positive economic reports from Australia throughout the week. AUD/USD hit 1.0354 on Friday, the pair’s lowest since March 5; the pair subsequently consolidated at 1.0381 by close of trade, up 0.35% for the week. COZforex senior currency strategist Ian • Quigley said, AUD/USD is predicted to find support at 1.0369, and a drop through could take it to the next support line of 1.0330. Meanwhile, the pair is predicted to find its first resistance at 1.0463, and a rose through could take it to the next resistance line of 1.0518. On Thursday, data showed that Australian retail sales advanced 1.3% in February, more than the expected 0.3% rose, following a 1.2% increase in January. A separate report showed that building approvals in Australia rise 3.1% in February, beating expectations for a 2.4% increase, after a 2% drop the previous month. The data came one day after official data showed that Australia's trade deficit narrowed more-than-expected in February, hitting AUD0.18 billion from a deficit of AUD1.22 billion the previous month. On Tuesday, the Reserve Bank of Australia held the benchmark interest rate at a 50-year low of 3%, citing the recent recovery in household spending. Commenting on the decision, RBA Governor Glenn Stevens said that "there are a number of indications that the substantial easing of monetary policy during late 2011 and 2012 is having an expansionary effect". Meanwhile, in the US, a government report released Friday showed that the economy added 88,000 jobs last month, the smallest increase since last June and far below forecasts for an increase of 200,000. The data also showed that the unemployment rate ticked down to 7.6% from 7.7% in February, but the drop stemmed from more people dropping out of the labor force. The labor participation rate declined to 63.3%, the lowest level since 1979. In the week ahead, investors will be awaiting Wednesday’s minutes of the Fed’s March policy meeting for further hints on the future of its monetary policy. Market participants will also be watching US data on retail sales and consumer sentiment on Friday, while monthly labor data from Australia on Thursday will also be in focus. (COZ forex UK)

COZforex: The pound was little changed against the dollar on Friday as trade remained light with many markets closed for Good Friday. GBP/USD hit a session high of 1.5219 on Friday, before settling at 1.5190, dipping 0.02% for the day and ending the week just 0.09% higher. Coz forex senior derivatives trader Daniel • Moloney said, GBP/USD is likely to find support at 1.5094, the low of March 27 and resistance at 1.5258, the high of March 25. Demand for the dollar was underpinned following the release of better-than-expected US data on consumer sentiment and personal sending. The University of Michigan's consumer sentiment index came in at 78.6, up sharply from the preliminary reading of 71.8, and above expectations for a reading of 72.5. A separate report showed that personal-consumption expenditures in the US rise 0.7% in February, the largest rose since September. The data came one day after revised data showed that the US economy expanded at an annual rate of 0.4% in the three months to December, lower than forecasts for a 0.5% expansion. The growth rate was the slowest since the first quarter of 2011, but was higher than initial estimates for growth of 0.1%. Sterling had gained ground against the dollar on Thursday after data showing that the UK services sector grew at the strongest pace in 5 months in January eased concerns over the risk of a recession. The Office for National Statistics said UK service output rise 0.3% in January, the biggest rise since August, bringing the annualized rate of output to 0.8%. The report eased concerns over prospects for a triple-dip recession after previous economic data showed that UK manufacturing output fell at the fastest rate in 6 months in January. In the week ahead investors will be awaiting the outcome of Thursday's Bank of England policy meeting, although the bank is widely expected to leave monetary policy unchanged. The US is scheduled to release the closely watched government report on nonfarm payrolls on Friday. (COZ forex UK)

COZforex: The New Zealand dollar ended Friday’s session at a 4-week high against its broadly weaker US counterpart, as hopes for an agreement on a bailout deal for Cyprus ahead of Monday’s deadline saw investors shun the greenback and move in to riskier assets. NZD/USD hit 0.8361 on Friday, the pair’s highest since February 25; the pair subsequently consolidated at 0.8351 by close of trade, 0.95% higher for the week. COZ forex senior currency strategist Ian • Quigley said, NZD/USD is likely to find support at 0.8249, Thursday’s low and resistance at 0.8415, the high from February 25. The US dollar came under additional pressure amid indications the Federal Reserve would keep its loose monetary policy in place for the indefinite future, despite signs of a strengthening US economy. The US central bank announced Wednesday that it will leave its asset-purchase program unchanged, citing concerns over high unemployment levels and risks from tax increases and federal government spending cuts. Fed officials reaffirmed their commitment to keeping monetary policy accommodative at least until unemployment drops to 6.5%. The current unemployment rate is 7.7%. Meanwhile, upbeat domestic economic data provided a lift for the kiwi after a report on Wednesday showed that New Zealand's gross domestic product rise 1.5% in the fourth quarter, beating predictions for a 0.9% rose and following an expansion of 0.2% in the previous quarter. The kiwi also found support during indications that China’s economic recovery is still on track after data on Thursday showed that China’s HSBC purchasing managers' index rise to 51.7 in March from 50.4 in February. Additionally, China is New Zealand's second biggest export partner. In the week ahead investors will be closely monitoring developments in Cyprus as a failure to reach a deal could see the country exit the euro zone. (COZ forex UK)

COZforex: The US dollar declined to 3-week lows against the Canadian dollar on Friday after data showing that US inflation is contained indicated that the way remains clear for the Federal Reserve to continue its quantitative easing program. USD/CAD hit a session low of 1.0181 on Friday; the pair’s lowest since February 22, before settling at 1.0194, down 0.26% for the day and 0.72% lower for the week. COZforex senior currency strategist Ian • Quigley said, USD/CAD is predicted to find its first resistance at 1.0263, and a increase through could take it to the next resistance line of 1.0305. Meanwhile, the pair is predicted to find support at 1.0196, and a drop through could take it to the next support line of 1.0171. In economic news, Statistics Canada reported that the new housing price index (NHPI) in Canada rise 0.1% in January, in line with the market expectations and compared to a 0.20% rose reported in the previous month. Meantime, Canadian industries operated at 80.7% of their production capacity in the Q42012, down slightly from the revised 81.1% in the Q32012. Sentiment on the dollar was also hit after data showed that the University of Michigan’s consumer sentiment index dropped to 71.8 in March, the lowest level since December 2011, from a final reading of 77.6 in February. In the week ahead investors will be focusing on Wednesday’s Federal Reserve policy statement, during speculation over an earlier-than-expected end to the bank’s asset purchase program. Fed Chairman Ben Bernanke is to give a press conference after the release of the policy statement. Investors will also be awaiting Canadian data on retail sales on Thursday. COZ forex UK

Cozfx: Silver prices rose 0.12% to the USD33.84 per ounce amid the past trading session ending 23:00GMT. In the Asian session, Silver is trading at 34.03, 0.28% higher from yesterday’s close. In technical analysis, silver is predicted to find its first resistance at 34.22, and a rose through could take it to the next resistance line of 34.41. Also, silver is predicted to find support at 33.78, and a fell through could take it to the next support line of 33.53. Silver is trading above its 20 Hr and 50 Hr moving averages. Coz forex UK

Coz Forex UK: Gold prices traded lower by 0.69% against the USD at 1765.41 per ounce, as the greenback strengthened. In the Asian trading session, Gold is trading at 1764.62, marginally lower from Monday’s close. Technically, gold is predicted to find its first resistance at 1776.17, and a rose through could take it to the next resistance line of 1787.71. Also, gold is predicted to find support at 1756.80, and a fell through could take it to the next support line of 1748.98. Gold is trading lower its 20 Hr and 50 Hr moving averages. (Cozfx)

Coz Forex UK: For the 24 hours to 23:00 GMT, EUR dropped 0.95% against the USD and closed at 1.2852, as investors sought the safety of the greenback a day the after International Monetary Fund lowered its 2012 and 2013 global growth forecasts. In the Asian session, the pair is trading at 1.2848, with the EUR trading 0.04% lower from yesterday’s close. The Euro again came under pressure, after the EC President, Mario Draghi drove the traders away from riskier bets by stating that the European economy continues to face challenges. He said that downside risks to Euro-area economic outlook are mainly related to the tensions in the region’s financial markets. He also indicated that the bank expects weak economic activity in the near term and only a very gradual recovery thereafter. Furthermore, the German Chancellor, Angela Merkel, in her first visit to Greece for the first time since 2007, showed that Greece was on a “tough path” and that the coalition government led by Prime Minister, Antonis Samaras still had to push through more key cost-cutting reforms. Additionally, the Greek Prime Minister, Antonis Samaras said that Merkel’s visit to Greece proves that the country is breaking an international isolation. On the economic front, trade deficit in France widened to €5.3 billion in August, higher than the predicted deficit of €5.0 billion and compared to a revised deficit of €4.1 billion in July. Technically, EUR/USD are predicted to find its first resistance at 1.2948, and a rise through could take it to the next resistance line of 1.3047. Also, the pair is predicted to find support at 1.2792, and a fell through could take it to the next support line of 1.2736. Trading trends in the pair today are predicted to be determined by the release of Germany’s wholesale price index and industrial output data in Spain and France. In US, investors await the release of the Federal Reserve’s Beige Book. Cozfx

Cozfx: For the 23:00 GMT on Friday, the USD dropped 0.25% against the CAD to close at 0.9787. In the Asian session, the pair is trading at 0.9777, with the USD trading 0.10% lower from Friday’s close. The Canadian Dollar rise after reports demonstrated that the Canadian economy added significantly more jobs than forecast in September. The net change in employment rise by 52,100 in September, against the expected 10,000. At the same time, unemployment rate in Canada rise to 7.4% in September, up from 7.3% in the previous month. Furthermore, Canadian building permits rise to a seasonally adjusted annual rate of 7.9% in August, from 2.8% fell in the preceding month. Technically, USD/CAD predicted to find its first resistance at 0.9814, and a rise through might take it to the next resistance line of 0.9852. In addition, the pair is predicted to find support at 0.9737, and a fell through might take it to the next support point of 0.9698. Coz forex UK

Cozfx: In the Asian session, at GMT0300, Gold is trading at 1794.62, 0.19% higher from yesterday’s close. Gold prices traded higher by 0.68% against the USD in the 24 hour period ending 23:00GMT, at 1792.20 per ounce, as demand for the precious metal rose, after European Central Bank (ECB) President Mario Draghi reiterated that the central bank was ready to start purchasing the debt of troubled Euro-zone countries. Technically, gold is predicted to find its first resistance at 1800.40, and a rose through could take it to the next resistance line of 1806.18. Also, gold is predicted to find support at 1784.46, and a fell through could take it to the next support line of 1774.29. Coz forex UK

Cozfx: In the Asian session, at GMT0300, AUD/USD is trading at 1.0217, with the AUD trading 0.12% lower from yesterday’s close. For the past trading session at 23:00 GMT, AUD weakened 0.24% against the USD to close at 1.0229, after data displayed that Australian trade deficit widened in August. LME Copper prices dropped 0.8% or $63.3/MT to $8275.8/MT; Aluminium prices dropped 1.6% or $34.3/MT to $2069.5/MT. In Australia, retail sales go up 0.2% in August compared to a fall of 0.8% in July. In addition, the building permits rise 6.4% in August from a revised 21.2 % fell in July. Technically, AUD/USD is predicted to find its first resistance at 1.0240, and a rose through might take it to the next resistance line of 1.0264. Also, the pair is predicted to find support at 1.0188, and a fell through might take it to the next support point of 1.0159. Coz Forex UK

Cozfx: USD increased 0.24% against the JPY and closed at 78.23, for the last trading session to 23:00 GMT. In the Asian session, at GMT0300, USD/JPY is trading at 78.18, with the USD trading 0.07% lower from yesterday’s close. In United States, the Institute for Supply Management (ISM) reported that the New York’s current business conditions index rise to 52.9 in September from 51.4 in August. Coz forex Charts technical analysis: The currency pair is predicted to find its first resistance at 78.33, and a rose through might take it to the next resistance line of 78.49. In addition, the currency pair is predicted to find its first support at 78.00, a fell through might take it to the next support line of 77.82. Coz forex UK

Cozfx: In the Asian session (GMT0300), silver is trading at 34.80, 0.17% higher from yesterday’s close. During the 24 hours ending (23:00GMT), silver prices go up 1.32% to USD 34.74 per ounce. Silver is estimated to find its first resistance at 35.41, and a rise through might take it to the next resistance line of 36.01. In addition, silver is estimated to find support at 34.19, and a decline through might take it to the next support line of 33.57. Coz forex UK

Hi all, I'm new to here, and a new trader in forex, too. I wish to gain more trading knowledge and skills to be a successful trader, thank you. Kiriss

Intraday bias in EUR/USD remains neutral and more consolidations could be seen below 1.3171 temporary top. But downside of retreat should be contained by 1.2816 support (38.2% retracement of 1.2255 to 1.3171 at 1.2821) and bring rally resumption. Above 1.3171 should pave the way to 1.3486 key resistances, which is close to 50% retracement level. Cozforex In the bigger picture, fall from 1.4939 is treated as a falling leg inside the consolidation pattern that started at 1.6039 (2008 high). Such decline should have completed at 1.2042 already. Break of 1.3486 will confirm and should pave the way to 1.5 psychological level in medium term. We'd now stay bullish as long as 1.25 psychological levels hold. Cozfx