For sure a good fx trader should blend the fundamentals and the techs, I always start with the techs thn counter check if the fundamentals support the position I want to take, clearly they work hard in hand.

AUDUSD I'm watching to go short anytym from now, will update my move.

DNT dare short it NOW !!!! the price has moved too much and it may retrace.Trust me you'll get nothing there.....its fallin coz the dollar index is rising..wait for it to break that all important trendline....dnt jump the gun.....i am also on the sidelines...

On the daily, the EUR/USD has reversed from the 100% fibo level. I didn't expect the bulls to push that far based on bond sales news only while the euro debt crisis still looms. If it closes today below 1.33, an inverted hammer will be a daily chart bearish signal which will invite the bears. Unless the EUR/USD regains the 1.37 handle, I remain bearish targeting the price gap made back in July 2010 - 1.25. This view is supported on the larger monthly time-frame. Weekly shorts from 1.34 - 1.35 failure levels can target 1.30 - 1.29 as the first TP level before a move lower towards 1.25.

@qw true that, nice warning right there thanx

@Hisah wow that's a beautiful analysis giving us a broader picture of what we expect n I totaally agree esp the said market levels very precise, KUDOS!!!

@Merchant u hit the nail on the head right there,

thnx guys I bet these fx forum is nw taking course in the ryt direction, I'm sure we wl go places with the knowledge being furnished on these forum.

AUDUSD, Moved SL TO 0.9900, Trade risk eliminated

Thanks All, for responding to the debate.

Well done Hisah for that take on euro, we'll be watching around those numbers.