How you doing?
Long time i didn’t post and trading reviews and actually trade on my own. I was resting. But now i m back and let make some cash. I will only make reviews for whole week. I will trade with stop loss and target. So let go and see what market is bringing to us.

Review:
Last week was bullish and this week started as bullish as well. Coral line is as well green and slowly going up. Trixes are just crossed and both are green. So by this signals we can say it is another bullish movement ahead of us.

See the chart:

On monthly chart we see that we are actually in bearish trend. But this week is indicating that we could have some bullish movement so i will try to set up a bullish trade right now.

Ok simple situation, not very profitable, but here it goes:
Stop Loss will be set to 1,27278, This is our Fibonacci Pivot Line OF 23.6. I will enter the trade now and i m looking to trade to 1,34070. If things goes well i m ready to make another trade.

I don’t really have time to report every day so i will be doing only weekly reports. I will try to analyze the week as much as possible. All kind of swings up and down and give you as much details as you need.

Technical Analyze:
We still have strong bearish trend on 4 hours chart and we are going pass support lines easy. At this moment fast trix is green and looking to cross over slow trix which is red. As well we have green bullish divergence. This give us a bullish signal. RSI is low near oversold zone and is looking to go down.

On hourly chart we are as well under red coral line and as well we have strong bearish trend. Slow trix is green, but fast trix is changing color to red and is looking to cross slow trix. So this chart have totally different scenario. RSI is in neutral zone and at this moment it is climbing up.

15 minute chart is at the moment in neutral zone. Price action is at coral line and we are not really moving anywhere for now. Slow trix is red and fast trix is changing color to green. RSI is moving up extremely fast after being in oversold zone.

5 minute chart had small bearish movement, but now we all got that back and price action is back to coral line. So here as well we can say no mans land. No trend. But both trixes are green and going up. RSI is moving away from overbought zone.

Forex News:
Mon Mar 4
9:00 EUR Spanish Unemployment Change 59.4K 77.5K 132.1K
All Day EUR Eurogroup Meetings
10:30 EUR Sentix Investor Confidence -4.5 -3.9
11:00 EUR PPI m/m 0.5% -0.2%
14:00 USD FOMC Member Yellen Speaks
19:15 USD FOMC Member Powell Speaks
Tue Mar 5
9:15 EUR Spanish Services PMI 47.8 47.0
9:45 EUR Italian Services PMI 43.6 43.9
10:00 EUR Final Services PMI 47.3 47.3
All Day EUR ECOFIN Meetings
11:00 EUR Retail Sales m/m 0.3% -0.8%
16:00 USD ISM Non-Manufacturing PMI 55.0 55.2
16:00 USD IBD/TIPP Economic Optimism 46.3 47.3
Wed Mar 6
11:00 EUR Revised GDP q/q -0.6% -0.6%
14:15 USD ADP Non-Farm Employment Change 168K 192K
16:00 USD Factory Orders m/m -2.1% 1.8%
16:30 USD Crude Oil Inventories 1.1M
20:00 USD Beige Book
Thu Mar 7
8:45 EUR French Trade Balance -4.8B -5.3B
Tent. EUR Spanish 10-y Bond Auction 5.20|1.6
Tent. EUR French 10-y Bond Auction 2.30|3.1
12:00 EUR German Factory Orders m/m 0.6% 0.8%
13:30 USD Challenger Job Cuts y/y -24.4%
13:45 EUR Minimum Bid Rate 0.75% 0.75%
14:30 EUR ECB Press Conference
14:30 USD Trade Balance -42.8B -38.5B
14:30 USD Unemployment Claims 356K 344K
14:30 USD Revised Nonfarm Productivity q/q -1.5% -2.0%
14:30 USD Revised Unit Labor Costs q/q 4.2% 4.5%
16:30 USD Natural Gas Storage -171B
19:15 USD FOMC Member Powell Speaks
21:00 USD Consumer Credit m/m 14.4B 14.6B
22:30 USD Bank Stress Test Results
Fri Mar 8
8:45 EUR French Gov Budget Balance -87.2B
12:00 EUR German Industrial Production m/m 0.6% 0.3%
14:30 USD Non-Farm Employment Change 158K 157K
14:30 USD Unemployment Rate 7.9% 7.9%
14:30 USD Average Hourly Earnings m/m 0.2% 0.2%
16:00 USD Wholesale Inventories m/m 0.4% -0.1%
SatMar 9
SunMar 10
8:00 USD Daylight Saving Time Shift

As you see it will be very interesting week. Many of this bolded news will make spikes so be careful when entering a trade at this time.

Support Lines:
1,30035
1,29775
1,29620
1,29459
1,29206
1,28945

Resistance Lines:
1,30548
1,30808
1,30963
1,31125
1,31378
1,31638

Fibonacci Pivot Line is at 1,30288 and we have open below it at 1,30155, since opening we are not really moving anywhere. So expect some movement later today when some news come out.

Yesterday Italian Parliamentary Election made Euro collapse. Worst case scenario made euro drop 2861 points. It is interesting that our candle on 4 hours chart at 12:00 touch red coral line and then it drops so many points. This trade i m afraid i did not take. I hate trading news, but it looks like this news was good to trade. Now we just need to watch if we will go some points back up as a balance on market.

Technical Analyze:
On 4 hours chart now we see another wave down and we are really away from red coral line. So we are in very strong bearish trend but i think soon we will be going up to make a balance on market. Both trixes are now red and crossed. And we are on support line 1,300416. No good news for market. Maybe we will go below this line, then expect bearish movement. But RSI on this chart say that we are near oversold zone and there is not really a room for some big movement.

Hourly chart was tricky yesterday. We just got over green coral line and we almost enter a bullish trade and then we got a slap down. Now we are below red coral line and trend is bearish. Trixes are deep in oversold zone and i expect them to go up soon. Both are crossed and green. We are low on RSI for some time, but there are still no signs that we will go up.

On 15 minute chart we can see that yesterday at 12h we started a strong bearish movement. But is this movement over? Today we are below red coral line and both trixes are red and looking to go down. RSI is at doors of oversold zone, so there is really no place to go down. Maybe small movement, but big bearish movement i think is over.

On 5 minute chart again we have both trixes in red color and they are in oversold zone. I really think there is no room to go down. So i m not looking for bearish trades at the moment. RSI proves that. RSI is deep inside oversold zone and needs to get out.

Forex News:
15:00 USD S&P/CS Composite-20 HPI y/y 6.7% 5.5%
15:00 USD HPI m/m 0.6% 0.6%
16:00 USD CB Consumer Confidence 60.8 58.6
16:00 USD Fed Chairman Bernanke Testifies
16:00 USD New Home Sales 381K 369K
16:00 USD Richmond Manufacturing Index -4 -12

Today we only have USA news. So maybe this US Dollar oriented news will make Euro stronger. Or maybe not. Both scenarios are possible. But at 16:00 you need to be smart. I suggest exit all trades before that time and do not enter 30 minutes after it. We will have 3 most important news for US Dollar. CB Consumer Confidence, Fed Chairman Bernanke Testifies and New Home Sales. I m 100% sure we will be jumping like JO-JO at this time.

Support Lines:
1,30917
1,30401
1,30085
1,29757
1,29241
1,28725

Resistance Lines:
1,31949
1,32464
1,32793
1,33109
1,33625
1,31414

Fibonacci Pivot Line is at 1,31433 and we have open deep below at 1,30659. Since then we are moving around opening line. But question is if we will go back up and visit Fibonacci Pivot Line like we do every day. That is maybe interesting trade to take.

We are in new trading week. And it looks like this whole month will be in bearish trend. Since start of February we are going down and we are at this point still in bearish trend.

Technical Analyze:
We now see a pattern on 4 hours chart where price line is moving away and towards our red coral line. Now it is going towards red coral line and once the price line touch red coral line we can expect bearish movement. This can be in 3-5 days, depends on news. So for now we have green trixes on 4 hours chart. RSI is climbing up and at this moment it is at 68.

On hourly chart we see a huge bearish movement since 20th February, but now we see that price line just went above red coral line and maybe we will see a trend change on this chart. Trixes are both green and crossed and we had green bullish divergence. But RSI is in overbought zone so it is not really good time to try bullish trades.

We can say that on 15 minute chart we have green bullish trend and price is moving in a bullish direction. Slow trix is green, but fast trix have change color to red and so we can expect some bearish movement or neutral movement. On 15 minute chart we can confirm that because RSI was in overbought zone and now is going away from it.

Same trend and same story on 5 minutes chart. And we just got green bullish divergence and both trixes are green and about to cross over. RSI is going up extremely fast and it is already at 76. Near overbought zone.

Forex News:
Day 2 EUR Italian Parliamentary Election
16:30 EUR German Buba President Weidmann Speaks

Nothing much will happen today. We have a second day of Italian Parliamentary Election. How will this influence Euro i don’t know and i m not sure how will market react on this elections. But this news is market red and it is very important. So we can see some jumps and falls during the day. German Buba President Weidmann Speaks is less important news for today, but since this are our only news for today at that time we can see some movements.

Support Lines:
1,31733
1,31541
1,31422
1,31303
1,31115
1,30923

Resistance Lines:
1,32113
1,32305
1,32424
1,32543
1,32735
1,32923

Fibonacci Pivot Line is at 1,31925 and we have open right at that line, at 1,31909. Since opening we are moving up. So for now this day looks like it will be bullish day. But remember that things can easy change.

Yesterday we were going down again. But at end of the day we hit some kind of support. Now we have stop at that support line 1,32110. But we have go below our stronger support line at 1,32630. So i think we will stay in bearish trend for some time.

Technical Analyze:
Still below red coral line on 4 hours chart. Slow trix is red and going down. But fast trix have change color to green and is looking to cross over. As well last 2 candles are green so we have some kind of retrenchment. RSI is now climbing away from oversold zone and it is already in neutral zone.

Hourly chart can give us some signals soon. Price is moving towards red coral line and it is near. Once the price touch coral line and goes back down, we can enter a safe trade and get some pips. Slow trix and fast trix are both green and going up. We had green bullish divergence and failed red bearish divergence. RSI is already high near overbought zone but still have space to go up.

15 minute chart is in confusion. We just got red bearish divergence and green bullish divergence at same time. So this just makes market unpredictable. Slow trix is red but fast trix is trying to change color to green. RSI is in neutral zone so price can move in any direction.

5 minute chart give us a good view for bullish movement since opening. And right now we have a long bullish candle. Both trixes were red and crossed but now they are green and crossed. We had red bearish divergence but it looks like that is over now. RSI is as well in neutral zone so price can go in any direction.

Forex News:
8:00 EUR German Final GDP q/q -0.6% -0.6% -0.6%
10:00 EUR German Ifo Business Climate 104.9 104.2
11:00 EUR EU Economic Forecast
12:00 EUR Italian Retail Sales m/m 0.3% -0.4%
15:00 EUR Belgium NBB Business Climate -11.1 -13.2
16:30 USD FOMC Member Powell Speaks

Not so much of the news like yesterday but we will soon have 1 most important news for today. At 10:00 German Ifo Business Climate will for sure have some kind of impact on Euro. EU Economic Forecast can as well make some movements but it is not so important as German Ifo Business Climate. At end of the trading day maybe FOMC Member Powell Speaks can make US Dollar stronger.

Support Lines:
1,31893
1,31649
1,31501
1,31349
1,31104
1,30860

Resistance Lines:
1,32382
1,32627
1,32779
1,32927
1,33171
1,33416

Fibonacci Pivot Line is at 1,32138 and today we have open deep below it at 1,31916. But since opening we are going slowly up. Right now we are above Fibonacci Pivot Line and we are still going up. Can this be a sign for today bullish movement? Or we will soon go back down. At 10:00 when most important news of the day comes out we will know more. So i suggest to wait few more minutes and see what will happen.

Yesterday i had few small trades. Fast in and fast out but i didn’t comment them because it was really fast trading on 1 minute chart. And if you are 1 minute late with entering or exiting things can get very ugly for your trade. It appears that yesterday market know what will be going on once news come out. That why we see early very strong bullish movement and then news come out that favors the bullish movement even more but then we see bearish movement. So it sound like tactic where you move the market early so when news come out you can go in reverse direction. I m not sure who did that and if this is legal. But this just makes you think twice before you are trading news.

Technical Analyze:
We go above red coral line but then turned down, so we are back into strong bearish trend. Maybe we will not be able to ride this long ride since we are already at our strong 4 hours chart support line: 1,32706. But trixes are both red and crossed and going down. And bad for bearish trend is that RSI is deep inside oversold zone and there is no more room to go down.

Hourly chart give us even stronger bearish trend. We are in classic position where we are stopping after a strong bearish movement. Trixes are green and crossed. And RSI is climbing out of the oversold zone. So maybe soon we see another bearish wave.

We are below red coral line on 15 minute chart, but we have 2 green bullish divergences. Trixes are crossed and both are green. I think we will be for some time in some neutral movement and not really moving anywhere. And once price get stable we can go down or up. It really is in both way. RSI on 15 minute chart is moving from overbought zone towards oversold. SO this chart have some room for bearish trading. But i suggest to skip it.

Since opening on 5 minute chart we see that market is undecided and that will probably move around opening line for some time. We have now another red bearish divergence. But can we really go down? As well trixes are red. RSI have some space for bearish movement. But this is one of those trades where you enter bearish fast and exit even faster.

Forex News:
9:00 EUR French Flash Manufacturing PMI 43.6 43.9 42.9
9:00 EUR French Flash Services PMI 42.7 44.5 43.6
9:30 EUR German Flash Manufacturing PMI 50.4 49.8
9:30 EUR German Flash Services PMI 55.5 55.7
10:00 EUR Flash Manufacturing PMI 48.4 47.9
10:00 EUR Flash Services PMI 49.2 48.6
Tenta. EUR Spanish 10-y Bond Auction 5.29|2.3
14:30 USD Core CPI m/m 0.2% 0.1%
14:30 USD Unemployment Claims 353K 341K
14:30 USD CPI m/m 0.1% 0.0%
15:00 USD Flash Manufacturing PMI 55.6 55.8
16:00 USD Existing Home Sales 4.89M 4.94M
16:00 USD Philly Fed Manufacturing Index 1.1 -5.8
16:00 USD Mortgage Delinquencies 7.40%
16:00 USD CB Leading Index m/m 0.2% 0.5%
16:30 USD Natural Gas Storage -119B -157B
17:00 USD Crude Oil Inventories 1.9M 0.6M
18:30 USD FOMC Member Bullard Speaks

Now if you check this news up you will see what is going on. Today we will have a Jive dance. We will be moving up and down like in an acrobatic Rock N Roll dance. There are so many important and semi important news that it will be very risky and very hard to trade at that time. We already go our first important news. French Flash Manufacturing PMI at 9:00 and it is kind of in favor for Euro. there were expectations it will be better but it is good, it is not negative. Another important news comes in few minutes: German Flash Manufacturing PMI at 9:30 and will have same impact on Euro. Maybe even stronger than French Flash Manufacturing PMI. Spanish 10-y Bond Auction is another news that will be active and move the price. then at 14:30 USA comes on market with Core CPI m/m and Unemployment Claims and as always this two news will sure show some movement. And at 16:00 again US Dollar influenced news: Existing Home Sales and Philly Fed Manufacturing Index. So be smart today and i hope you don’t risk too much money.

Support Lines:
1,32940
1,32628
1,32439
1,32241
1,31929
1,31617

Resistance Lines:
1,33563
1,33875
1,34073
1,34262
1,34574
1,34886

Fibonacci Pivot Line is at 1,33251 and we have open deep below at 1,32722 and so far we are not giving any signs of movement back to Fibonacci Pivot Line.

On Wednesday there are always many things that can move the price. And yesterday we had a really boring day. Nothing was happening.

Technical Analyze:
News on 4 hours chart is that price is now over red coral line and this is a first signal that bearish trend is over and that we can have bullish trend soon. Both trixes are going up and both are green. But it is not smart to trade bullish now. This can be bounce up or something. And RSI is already inside overbought zone. So do not trade bullish now.

If things on 4 hours chart are bullish then things on hourly chart will be the same. But here we are much higher above green coral line. So we have confirmation for bullish trend. But trixes are now red and they just cross over. So maybe we will see some small bearish movement. RSI is as well inside overbought zone and there is really no place to go anymore up.

We see that we are climbing up on 15 minute chart. But we also see that we may be at strong resistance line at 1,34277. Both trixes on 15 minute chart are green and crossed. As well we have green bullish divergence. And RSI is in same position as on previous charts, inside overbought zone.

On 5 minute chart we have trixes in red color and they are going down. Price is above green coral line and resistance line is really near. So we will see what will happen soon. If we go above that line then we can be climbing more up or if we bounce back down, we can be easy back in bearish trend. RSI is in neutral position so there is room to go in both directions.

Forex News:
8:00 EUR German PPI m/m 0.8% 0.4% -0.3%
8:00 EUR German Final CPI m/m -0.5% -0.5% -0.5%
8:45 EUR French CPI m/m -0.2% 0.3%
Tentative EUR German 10-y Bond Auction 1.56|1.7
14:30 USD Building Permits 0.92M 0.91M
14:30 USD PPI m/m 0.3% -0.2%
14:30 USD Core PPI m/m 0.2% 0.1%
14:30 USD Housing Starts 0.93M 0.95M
16:00 EUR Consumer Confidence -23 -24
20:00 USD FOMC Meeting Minutes

There are really many news for today. But only few of them are really important. Building Permits and PPI m/m at 14:30 will have huge impact on US Dollar. As well at that time other 2 news will come out, both for US Dollar. So we can expect some movement at that time. And last news of the day will be at 20:00 FOMC Meeting Minutes and will as well have impact on US Dollar. Watch the news and how market reacts. it is smart to avoid entering a trade 30 minutes before and after the news if you are not trading the news.

Support Lines:
1,33603
1,33473
1,33395
1,33317
1,33187
1,33057

Resistance Lines:
1,33858
1,33988
1,34066
1,34148
1,34274
1,34404

Fibonacci Pivot Line is at 1,33733 and we have open above it at 1,33949. Since opening we are going up. There are no signs for now that we will go back to Fibonacci Pivot Line. But this scenario is possible. Keep on mind that we are already at our 5th resistance line and that it is very rare that today we will go above 6th resistance line. It is possible, but this scenarios in 1 day are rare. We can go up if some news back the bullish movement.

Yesterday we had a failed trade. It was good signal but i didn’t exit on time. It was obvious that Euro will not get weaker since USA had bank holiday. And there was a good spot to take few pips. Need to be more careful when exiting. If you miss your exit point, then good trade can turn into ugly trade.

Technical Analyze:
And still on 4 hours chart we see that we are following a trend of red coral line. We are going down and are below red coral line. Trixes are on other hand both green and crossed and we had green bullish divergence at the end of the last week. But we didn’t see any signs of bullish movement on this chart. RSI is in neutral zone and is going down, but there is some 20-30 RSI points available to go down.

On hourly chart we are last 2 days on top of the red coral line. This sign is not so good for bearish traders. Price can easy go above it and we can be easy having a bullish movement of 1108 points, all the way to 1,34556. But trixes are red and crossed and we had yesterday red bearish divergence, so on this chart we are more into bearish movement than bullish. But on RSI chart we see big drop and RSI going from 72 to 25 in less than 14 hours.

First signs on small charts are that 15 minute chart have red bearish divergence and both trixes are crossed and red. As well price is moving down. And we are below red coral line. So this favors bearish trades. But we have too fast from overbought to oversold zone. And since we are inside oversold zone, it is not wise to enter bearish trades.

And we already see that on 5 minutes chart. We had red bearish divergence followed with both trixes being crossed and red. But now trixes cross over and both are green and as well price is going up. But we are below red coral line and that means bearish trend. RSI got out of oversold zone and now is at 39, and there is lots of place to make a trade.

Forex News:
11:00 EUR German ZEW Economic Sentiment 35.3 31.5
11:00 EUR ZEW Economic Sentiment 35.5 31.2
16:00 USD NAHB Housing Market Index 48 47

Yesterday Draghi didn’t make any drastic moves on market and today we have only 3 news coming out. So today can be as well boring news trading day. Maybe we will see some action at 11:00. Then most important news for Euro will pop out. German ZEW Economic Sentiment will have impact on Euro. At same time will come out ZEW Economic Sentiment, but this news is not so important.

Support Lines:
1,33386
1,33274
1,33208
1,33139
1,33027
1,32918

Resistance Lines:
1,33606
1,33718
1,33785
1,33854
1,33963
1,34074

Fibonacci Pivot Line is at 1,33495 and we have open just a few pips below it at 1,33484. And we are moving up and down that two lines. We just got down and now in few minutes we are back at Fibonacci Pivot Line. So from this point we are really cant say anything about trend. We are in a neutral position and waiting for price to really decide where will it go today.

New trading week is ahead of us. Last week was OK. Not much happen and we didn’t change a trend. Trend is still bearish and Euro is getting weaker and weaker according to US Dollar. Most probably it is heading towards 1,32623 line and then we will see if will bounce back up or we will get into really strong bearish trend. If we go below 1,32623 then this line will be our resistance line and we will most probably not see E/U above that line.

Technical Analyze:
Like we already say, we have a strong bearish trend on 4 hours chart. Price is below red coral line and is heading down. Slow trix is red and going down, but fast trix is green and is going to cross over slow trix. So this is mixed signal and that just give us a bad spot for trading. But our RSI is kind of low and maybe we will see some small bullish movement as a compensation before we get down again.

Same kind of signal we have on hourly chart. Price is heading down and price line is below red coral line. So trend is bearish. But trixes are in same position as those on 4 hours chart. RSI is heading down. So for now we cant trade anything.

On small chart 15 minute we have a red bearish signal. Both trixes are red and crossed. We can trade that, but i just don’t see it profitable because we already hit our support line. And RSI is kind of low. Almost near oversold zone. If i got this signal sooner i would probably join a ride, but now i m late.

And 5 minute chart just confirms that. Slow trix is red for long time and we got 3 red bearish divergences in a row and we just close below green coral line. This is actually decent signal but i will skip it for now. I think we will soon go up and then most probably bigger dive and i will be looking to join that dive. I m backing this up with RSI being at the doors of oversold zone.

Forex News:
10:00 EUR Current Account 15.3B 14.8B
All Day USD Bank Holiday
15:30 EUR ECB President Draghi Speaks

As you see USA have bank holiday. So no influence on US Dollar today. But Eurozone news can make things jump. Specially President Draghi who will have ECB speak at 15:30. he usually make price go crazy, so please at that time be smart and patient. Because in 1 second it can seem we are going up, but then we see we are diving like a submarine.

Support Lines:
1,33369
1,33204
1,33101
1,32999
1,32834
1,32669

Resistance Lines:
1,33702
1,33867
1,33970
1,34073
1,34238
1,34406

Fibonacci pivot Line is at 1,33537 and we have open below it at 1,33391, near our first support line. We did not move much since opening, we go over and under opening line but nothing have made a signal that says if we go down or up. Trend is bearish so we should be looking to trade in that direction. but scalping is OK too. Specially at 15:30 when Draghi will speak and make a price go insane.

Good luck and make some dollars at Forex Market!

Yesterday was interesting day. Trading went good. There was a great signal backed with out coming news and we had a long run down. Today is last day in a week and we should be more cautious because of that.

Technical Analyze:
Now we see that 4 hours chart price is moving up. After 2 red bearish divergences and both trixes being red, we see that fast trix is changing color to green. Slow trix is still red. On RSI we see that we are moving away from oversold zone. We can wait for price to touch red coral line and hopefully trade bearish.

Same thing we can do on hourly chart. We are as well moving up but trend is still bearish. Slow trix is green and going up, but fast trix gave us red bearish divergence and is changing color to red. As well RSI is high, almost inside overbought zone.

On 15 minute chart we can see that we are now going up and maybe that is a come back after yesterdays bearish movement. Both trixes are green and crossed and moving up. RSI is however moving away from overbought zone. So we should expect some weakening in bullish movement.

On our trading chart 5 minute we see that latest bullish movement is now being bounced back down. Both trixes are red and crossed and still going down. So we can expect some more bearish movement. But i m not happy to enter a trade at this time. On 5 minute we are above green coral line and that means trend on this small chart is bullish. But good news is that trends on smaller charts can change fast.

Forex News:
Day 1 ALL G20 Meetings
10:00 EUR Italian Trade Balance 2.22B 2.36B
11:00 EUR Trade Balance 10.7B 11.0B
14:30 USD Empire State Manufacturing Index -2.1 -7.8
15:00 USD TIC Long-Term Purchases 34.3B 52.3B
15:15 USD Capacity Utilization Rate 78.9% 78.8%
15:15 USD Industrial Production m/m 0.2% 0.3%
15:55 USD Prelim UoM Consumer Sentiment 74.8 71.3
15:55 USD Prelim UoM Inflation Expectations 3.4%

Today we have a day 1 of G20 Meetings. This last for whole day and this means that price can start jumping and moving at any time. So extra cautious is needed. You must watch some Forex news portal and know what is going on. Other than G20 Meetings we will have Prelim UoM Consumer Sentiment at 15:55. It will have impact on US Dollar as well as G20 Meetings which will impact both currency. This are the only 2 news that are really important today. But other news can make a movement as well, especially those that come out at same time.

Support Lines:
1,33461
1,33194
1,33030
1,32865
1,32593
1,32326

Resistance Lines:
1,33999
1,34266
1,34430
1,34600
1,34867
1,35134

Fibonacci Pivot Line is at 1,33733 and we have open below it at 1,33495. After dancing between this two lines for some time we have move above Fibonacci Pivot Line. But now we see we are going back down. At this time we are on Fibonacci Pivot Line and we can wait and see where we will move now. North or south. Most probably this will be temporary trend.

Good luck at markets and let the pips come in to your pockets.