EURUSD Three Outside Up Hourly Chart

Resistance: 1.2994 minor Support: 1.2968 minor/1.2935 moderate/1.2910 strong EURUSD has a bullish trend though prices are looking overextended. With a high level bullish candlestick pattern, Three Outside Up continue to hold current longs while aggressive buys may also be taken by neutral traders with stops just under the pattern low or 1.2968. Look for the

EURUSD Bullish Engulfing Hourly Chart

Resistance: 1.2968 minor/1.2994 minor Support: 1.2935 moderate/1.2910 strong/1.2877 moderate Market is generally bullish with Bullish Engulfing suggesting a further push up. Given that the pattern is a medium reliability setup consider going long the immediate objective at 1.2968 possibly a run to 1.2994. Stop losses ideally should be under 1.2935 though a tighter stop under the pattern low is also viable. It is best to wait for a confirmation.

US: S&P/Case-Shiller Home Price Indices (YoY): 2.000 %

Date (GMT) Event Cons. Actual Previous Oct 30 13:00 S&P/Case-Shiller Home Price Indices (YoY) 1.900 % 2.000 % 1.200 % Read the official report at Standard & Poor’s News Forex: USD/CAD hovers around parity after data (FXstreet.com) Tue, Oct 30 2012, 13:23 GMT US: S&P/Case-Shiller Home Price Indices rose 2.0% YoY in August (FXstreet.com) Tue, Oct 30 2012, 13:09 GMT Forex: EUR/USD presses higher ahead of US data (FXstreet.com) Tue, Oct 30 2012, 12:51 GMT

View original post here:
US: S&P/Case-Shiller Home Price Indices (YoY): 2.000 %