EURUSD

Trading strategy: small short at 1.2300, stop at 1.2370 (0.5% risk), objective at 1.2200

Downside pressure is high again as the euro is falling across the board - printing record lows against the CHF (currently at 1.3305); also near recent bottom against the JPY and below .8200 support against the GBP - testing support levels formed in 2008. Interim support at 1.2250 is in focus at the time of this writing and a break down may weaken the euro further - aiming the more notable barrier at 1.2150. Short-term sentiment is slightly positive but signals of downtrend resumption are becoming more and more clearer. Current exchange rate is 1.2255 @06:10 GMT

Support: 1.2250, 1.2150 and 1.2000 Resistance: 1.2300, 1.2360, 1.2400 and 1.2450/65 Market sentiment: long term - bearish, medium term - bearish, short term - slightly bullish, intra-day - bearish

EURUSD

EURUSD 4hrs chart 6-29-2010 Other setups

GBPUSD

GBPUSD
GBPUSD hourly chart 6-29-2010
GBPUSD
GBPUSD 4hrs chart 6-29-2010

EURGBP

EURGBP
EURGBP daily chart 6-29-2010

EURJPY

EURJPY
EURJPY 4hrs chart 6-29-2010

NZDUSD

NZDUSD
NZDUSD daily chart 6-29-2010

AUDJPY

AUDJPY
AUDJPY daily chart 6-29-2010

Have a great day and happy trading!