Forecast for the other half of the day, EUR/USD, February 2 , 2010

Continuation of an uptrend with a high volatility.
Targets of a retraced upward movement: 14.6% = 1.3957, 23.6% = 1.4022
Medium impact news:
-15.00 (GMT) Pending Home Sales (the USA)

Forecast for the price movement of EUR/USD, February 3, 2010

Day is ascending.
First stop, the corridor (1.4003-1.4022) where:
- Fibonacci level 23.6% = 1.4022;
- 8th average line of EMA (day) = 1.4003
Medium impact news:
-8.55 (GMT) PMI Services (Germany)
-9.00 (GMT) PMI Services (Eurozone);
-10.00 (GMT) Retail Sales.

Forecast for the other half of the day, EUR/USD, February 3 , 2010

A continuation of the ascending movement till the news.
High impact news:
-13.15 (GMT) ADP Employment Change(the USA) ;
-15.00 (GMT) ISM Non-Manf. Composite.

Forecast for the price movement of EUR/USD, February 4, 2010

An ascending movement till 11.00 (GMT)
Top week news is expected today
-12.45 (GMT) Minimum Bid Rate
-13.30 (GMT) ECB Press Conference

Forecast for the price movement of EUR/USD, February 5, 2010

Till 11.00 (GMT) it is a flat descending movement
Medium impact news:
-11.00 (GMT) Industrial Production (Germany).
At 13.30 top week news is expected.
- Change in Non-Farm Payrolls

Forecast for the other half of the day, EUR/USD, February 5 , 2010

Till news at 13.30 it is an ascending retraced work. News according to a forecast is good for dollar and that is a continuation of a downward movement with
a targetted corridor (1.3600-13560):
-support line of the downtrend on a daily chart is 1.3600;
-268,2 % = 1.3562 from the last retracement upwards
( candlestick minimum from 01.02.2010 - candlestick maximum from 03.02.2010)

Forecast for the price movement of EUR/USD for the following week from February 18 to 22, 2010

Week is ascending.
Reasons:
-price reached the support line ( downtrend channel from 12.03.2009) 1.3580;
- historic support line 1.3580;
-261.8 from the last upward retracement 1.3572.
First target - 38.2 % from the last downward movement 1.3751.

Forecast for the price movement of EUR/USD, February 8, 2010

Day is ascending till 11.00 (GMT).
No calendar news.

Forecast for the other half of the day, EUR/USD, February 8 , 2010

Till 14.00 (GMT) there is a possibility of a downward retracement.
From 14.00 (GMT) the continuatoin of the ascending movement.
No high impact news for today.

Forecast for the price movement of EUR/USD, February 9, 2010

Day is ascending
Nearest target is 1.3818 (23.6% from the last downward movement)
First half of the day is ascending.
At 07.00 (GMT) there is a package of news from Germany.

Forecast for the other half of the day, EUR/USD, February 9, 2010

Continuation of the ascending movement.
Till 17.00 (GMT) there is a high possibility of a downward retracement.
Medium impact news:
-15.00 (GMT) Wholesale Inventories ( the USA)