Hello everyone,

The FOMC news release yesterday saw some interesting price action… was anyone watching the market then?

The EUR/USD had been in a rally until just before the FOMC annoucement when it dropped 100+ pips and after the news was released, dropped a further 100 pips.

Here’s what I think about the current market situation:

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Hello again Pip Mavens,

Yesterday saw an incredible 280 pip rally on the EUR/USD, with prices breaking above the downtrend channel on the daily chart.

The question on everyone’s mind is: has the trend changed from “down” to “up”?

Here’s my analysis on the matter:
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Hello Pip Mavens!

Yesterday was a tad disappointing because prices didn’t go up to the anticipated level… but no matter, today is another day for making money.  :-D

On a side note, I have received a couple of emails from members who have been making excellent progress with their trading – I hope they will share a diagram or two of their winning trades so that everyone will be able to learn from their example. If this site has helped you with your trades, please feel free to post it up in the forum (under “Awesome Trades”) so that every can learn and benefit from your success.

All right, back to business. Here’s the current EUR/USD daily chart:
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Hello! Hope everyone had a great weekend (I know I did  :-))

This will be a good week for trading… Especially today where there’s a chance for a good setup.

Here’s today’s analysis of the daily chart:

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