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07-05-2007, 07:54 AM
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Daily Currency report for Thursday July 05 2007 EUR/USDGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bullish Weekly trend reversal level: 1.3410 Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal. Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3667, the multi-year high, and possibly higher still, towards 1.4100. Today's trade suggestion: Unchanged. Momentum remains bullish and last week's candle means we should try to push even higher this week, possibly without much retracement. Dips should hold above 1.3480, and no lower than 1.3420, so we will be looking for opportunities to buy at these levels on clear signs of reversal. First target 1.3550, and (after a break above there) 1.3650. Key G7 Support levels: 1.3480, 1.3420 Counter-trend opportunities:None EUR/USD Hourly chart:  EUR/USD Weekly chart:  
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07-06-2007, 06:42 AM
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Daily Currency report for Friday July 06 2007 EUR/USDGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bullish Weekly trend reversal level: 1.3410 Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal. Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3667, the multi-year high, and possibly higher still, towards 1.4100. Today's trade suggestion: Just about touching the all-time high at 1.3680, and understandably shying away from it late in the day, forming a small "spike high" on the daily charts. This means we will allow for a lot more work between 1.3500 and 1.3700, with dips possibly even extending to 1.3400. Eventually we should break above 1.3700 and head higher towards 1.4000, but this might only be late in the month, or early in August. Today is the Jobs report (Non-Farm Payrolls), so be cautious about entering any positions before then. Look to buy dips (only on clear signs of reversal) at 1.3550/20 and 1.3420. Key G7 Support levels: 1.3520, 1.3420 Counter-trend opportunities:None EUR/USD Hourly chart:  EUR/USD Weekly chart:
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07-09-2007, 05:32 AM
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Daily Currency report for Monday July 09 2007 EUR/USDGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bullish Weekly trend reversal level: 1.3520 Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal. Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3667, the multi-year high, and possibly higher still, towards 1.4100. Today's trade suggestion: We have been moving across the page between 1.3550 and 1.3650 since the beginning of the month. First retracement support is at 1.3550, and if we can hold above there early this week, we should be able to re-approach 1.3670 and possibly break higher to a new all time high. Continue to buy dips whilst above 1.3550, with a first target of 1.3650, and then 1.3800. Below 1.3550 postpones this and means we will allow for another bout of corrective price action down to 1.3500, and probably no lower than 1.3400. Key G7 Support levels: 1.3520, 1.3420 Counter-trend opportunities:None EUR/USD Hourly chart:  EUR/USD Weekly chart: 
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07-10-2007, 05:28 AM
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Daily Currency report for Tuesday July 10 2007 EUR/USDGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bullish Weekly trend reversal level: 1.3520 Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal. Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3667, the multi-year high, and possibly higher still, towards 1.4100. Today's trade suggestion: No change. We have been moving across the page between 1.3550 and 1.3650 since the beginning of the month. First retracement support is at 1.3550, and if we can hold above there early this week, we should be able to re-approach 1.3670 and possibly break higher to a new all time high. Continue to buy dips whilst above 1.3550, with a first target of 1.3650, and then 1.3800. Below 1.3550 postpones this and means we will allow for another bout of corrective price action down to 1.3500, and probably no lower than 1.3400. Key G7 Support levels: 1.3520, 1.3420 Counter-trend opportunities:None EUR/USD Hourly chart:  EUR/USD Weekly chart:
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07-11-2007, 06:00 AM
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Daily Currency report for Wednesday July 11 2007 EUR/USDGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bullish Weekly trend reversal level: 1.3520 Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal. Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3667, the multi-year high, and possibly higher still, towards 1.4100. Today's trade suggestion: Wow! A new record high on the euro and other currencies have followed suite. We are probably heading towards 1.4100 (see medium term projection) and retracements should try to hold above the previous record high of 1.3680. Remember - this move will have taken many by surprise, and triggered a bunch of stops, so opportunities to buy might be rare for the rest of this week. Allow for some hesitation around 1.3800, with limited dips quite possibly holding well above first support at 1.3720. And then onwards and upwards to 1.3900 and 1.4000. For today, we might not get an entry, but dips to 1.3680 would be good opportunities to buy. Key G7 Support levels: 1.3680 Counter-trend opportunities:SELL 1.4000, stop 1.4040, target 1.3800 EUR/USD Hourly chart:  EUR/USD Weekly chart: 
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07-12-2007, 05:46 AM
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Daily Currency report for Thursday July 12 2007 EUR/USDGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bullish Weekly trend reversal level: 1.3520 Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal. Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3667, the multi-year high, and possibly higher still, towards 1.4100. Today's trade suggestion: Holding neatly at these very high levels and should continue to do so this week. We are probably heading towards 1.4100 (see medium term projection) and retracements should try to hold above the previous record high of 1.3680. Remember - this move will have taken many by surprise, and triggered a bunch of stops, so opportunities to buy might be rare for the rest of this week. Allow for some hesitation around 1.3800, with limited dips quite possibly holding well above first support at 1.3720. And then onwards and upwards to 1.3900 and 1.4000. For today, we might not get an entry, but dips to 1.3680 would be good opportunities to buy. Key G7 Support levels: 1.3680 Counter-trend opportunities:SELL 1.4000, stop 1.4040, target 1.3800 EUR/USD Hourly chart:  EUR/USD Weekly chart:
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07-13-2007, 05:17 AM
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Daily Currency report for Friday July 13 2007 USD/JPYGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bearish Weekly trend reversal level: 123.70 Strategy: Whilst below the weekly trend reversal level,sell rallies to resistance levelsafter an entry signal. Medium term: Now that 122.20 has been convincingly broken, the dollar has potential to rally to 124.00 - 126.00 before making a new long term top and collapsing lower towards 110.00 again. This scenario may be brought forward if we make a daily/weekly "spike high" into 124.00/125.00 followed by a sudden move lower, forming a monthly reversal. Play with caution and watch for a very clear reversal on longer term charts before turning bearish again. Today's trade suggestion: An interesting technical formation, as we retrace 61.8% of this weeks decline, which coincides with the underside of the former upward trend line on hourly and daily charts, and the 200 hour SMA (see chart). This "should" be an excellent opportunity to sell into the retracement with a target of 121.00 and then 120.00. Key G7 resistance levels: 123.00, 122.60 Counter-trend opportunities:None USD/JPY Hourly chart:  
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07-16-2007, 06:09 AM
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Daily Currency report for Monday July 16 2007 EUR/USDGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bullish Weekly trend reversal level: 1.3590 Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal. Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100. Today's trade suggestion: After the first burst higher to 1.3800 early next week, we have been moving sideways since then. The analysis remains the same: Allow for some hesitation around 1.3800, with limited dips quite possibly holding well above first support at 1.3720 (1.3660 max). And then onwards and upwards to 1.3900 and 1.4000. For today, we might not get an entry, but dips to 1.3680 would be good opportunities to buy. Key G7 Support levels: 1.3680, 1.3720 Counter-trend opportunities:SELL 1.4000, stop 1.4040, target 1.3800 EUR/USD Hourly chart:  EUR/USD Weekly chart: 
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07-17-2007, 07:14 AM
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Daily Currency report for Tuesday July 17 2007 EUR/USDGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bullish Weekly trend reversal level: 1.3590 Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal. Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100. Today's trade suggestion: No change at all: Allow for some hesitation around 1.3800, with limited dips quite possibly holding well above first support at 1.3720 (1.3660 max). And then onwards and upwards to 1.3900 and 1.4000. For today, we might not get an entry, but dips to 1.3680 would be good opportunities to buy. Key G7 Support levels: 1.3680, 1.3720 Counter-trend opportunities:SELL 1.4000, stop 1.4040, target 1.3800 EUR/USD Hourly chart:  EUR/USD Weekly chart:
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07-19-2007, 05:08 AM
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Daily Currency report for Thursday July 19 2007 EUR/USDGet our newG7 Forex system for yourself (FREE E-book!) www.forex-science.com This is only a guide. Please refer to our specific entry signals for exact entries and stops. Please visit Forex trading signals and instant alerts on Forex major currencies for more information. Weekly Trend direction:Bullish Weekly trend reversal level: 1.3590 Strategy: Whilst above the weekly trend reversal level,buy dips to support levelsafter an entry signal. Medium term: The euro has broken above the large flag formation which has dominated the technical picture in 2006. Now, whilst above 1.2900 (1.2800 max), the euro remains in an uptrend which is heading back towards 1.3800, and possibly higher still, towards 1.4100. Today's trade suggestion: Signs of instability ahead of the FOMC minutes later today and the dangers remain the same: bullish momentum has faded and the danger of a reversal between 1.3850 and the BIG number at 1.4000 is increasing. For today, the same old story - dips should hold well above first support at 1.3720 (1.3660 max). And then onwards and upwards to 1.3900 and 1.4000. Key G7 Support levels: 1.3680, 1.3720 Counter-trend opportunities:SELL 1.4000, stop 1.4040, target 1.3800 EUR/USD Hourly chart:  EUR/USD Weekly chart:
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