#EURUSD NFP + downgraded France

Anticipated scenario form 06.11.2013  was fulfilled yesterday evening. Now we are looking to take a short around the same spot which is 1.3450 – start watching price action above 1.3440 and then we’ll decide about the details of  a short trade. Keeping in mind NFP report today, on the picture above we marked good levels to counter trade a spike (up or down). About an hour before NFP news we will stop trading (short @ 1.3450). Interesting observation was a fact of no reaction (no continuation of down move) to France’s credit downgrade to AA by S&P.

#GBPUSD waiting for interest rate decision

Since yesterday GBPUSD is in a zone between 1.6067 - 1.6114. We can look for long position couple pips under 1.6067, or short position above 1.6114 level. This trades shouldn't be risky till 60 min before news. An hour after interest rate decision if one of this levels is broken we will look for a good spot to join the trend. However that  can be very hard if the volatility is too high. Othewise if GBPUSD stays in this consolidation after interest rate decision, we will wait till after usa news comes out (13:30GMT).

#EURUSD D-day

Unless there is a great setup in next 2 hours, we will look at the market around rate decision news and ECB conference..Yesterday's EURUSD analysis is still 100% valid.

#EURUSD 1.3530 in view again

Another attempt to reach 1.3530 may give us a second chance to enter a short trade. Before taking a trade we are going to look for a sign of weakness.

#EURUSD update

If you opened short position above 1.3526 you can move SL to BE.

There is possibility to make double top around 1.3530 and enter again short above 1.3525. Now we are waiting for development of this situation.

#EURUSD short attempt

Going to take a short between 1.3525-30 with SL 12-15 pips and TP close to 1.3500

#EURUSD a day before ECB

Today we have PMIs from UE and usually it’s better to wait till 9am GMT when it’s over. Tomorrow ECB Rate decision and Conference. Watch price action at 1.3520-30 and 1.3440-50. Those are two zones where to expect fight between supply and demand. We will look for longs above 1.3525 and for shorts below 1.3440. We also expect EURUSD to stay between 1.3435-1.3535 till tomorrow’s ECB conference and then we’ll see a break out, either way. PMIs doesn’t seem to have a big impact on EURUSD right now. Actually good PMI numers did’t make this pair move to the upside as it  usually would. This means we have still a big pressure to the downside which is supposely caused by expectations to hear more dovish tone from Mr. Draghi, and even warning or actual cut of short term interest rates by 0.25%. More updates after price reaches either 1.3520 or 1.3450.