FOREX market review/prognosis from Forex Cloud – 09/26/12

In the last three days, the US dollar returned to its positions, that it lost last week. Comments from the FRC members and disturbing news from Europe and Asia turned down market's optimism. Most of the traders sale risk actives, but I don’t think that this situation will continue and it looks for me like a good chance to enter LONG against the US dollar. The best candidates, from my point of view, are the EUR/USD and AUD/USD pairs.

EUR/USD 3h:

AUD/USD 3h:


Pair USD/JPY has broken the level 78.00 and fell to 77.70. I'm still keeping my long position open with a stop at 76.95.

USD/JPY 3h:


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