[Obsidian]

What is moving the market:
Chinese Premier Wen Jiabao says China is considering greater involvement in EFSF and ESM to support Europe's efforts to stabilise euro...

[Obsidian]

Looks like Bernanke didn't say anything new...still 1.32 is tough to break so closing 2/3 position here and moving sl to 1.3160

[Obsidian]

During days like this, I just sit back and watch. It is hard to predict how markets will react to important news. Don't have to be in the market all the time
We are around key levels, let's see how this week will end. I will update my charts tomorrow.

[Obsidian]

EUR/USD: Basically we have gone nowhere...We are stuck between 1.3230 and 1.3030 range for last 7-8 days. Now this week we can go either way. I think we will break 1.3230 resistance and climb somewhere around 1.3340 first and then 1.3540. After that point we will move all the way down, back to 1.2600. This is just a technical guess of course. Prices will tell us what will happen next. I will be watching 1.3230 and 1.3000 levels to go long or short.

GBP/USD: The pair was able to break and close above 1.5770 resistance. This is a bullish sign but I also see that bears are increasing their pressure. I expect this week's range will be 1.5941 and 1.5650.

USD/CAD: I had said "I am bearish as long as we are trading below 1.0150. If the pair goes below the parity, it may increase the selling pressure, next targets are 0.9905 and 0.9740/05.". This is still valid.

USD/CHF: The pair is consolidating between 0.9220 and 0.9105. I do not see any big changes in technical levels. Close above 0.9220 would indicate that it is going to try 0.9315. If it breaks 0.9080, we will probably see 0.8950/30 next.

[Obsidian]

I had 2 positions that I opened yesterday.
Seems it is time to close and collect some pips
usd/cad=-3
eur/usd=+32

now time to focus on aud/usd and gbp/usd...

[Obsidian]

What is moving the market:
€/$ climbs on press report the Greek government says it is working on a final draft of a bailout deal. To be presented to political leaders for approval later today.

[Obsidian]

Bernanke testimony is expected to start soon

Ben Bernanke Debates Economic Policy with Senators | C-SPAN

[Obsidian]

missed the entry level for gbp/usd...
eur/usd: 1st target is 1.3430, next 1.3550