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The EUR/USD continues falling after a 2-day consolidation to start the week. It is now the 78.6% retracement level of 1.3380, reinforced by pivots back late September and early October. Below that we have 1.3145 October low as the next short-term target.
Looking at the daily and weekly chart, we see that we are both trading [...]

By FXNews.com: Pound reversal from 1.6165 high on Monday at 1.5890 is contained, and the pair bounced on Asian session, to consolidate around the 1.6000 psychological level in early U.S. session, ahead of the FOMC statement.
Moving upside remains limited below 1.4035/50 (highest day). Up here, the couple may find resistance at 1.6090 (November 1, high) [...]

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China will establish an agency modeled on Singapore’s Temasek Holdings Pte to manage part of its US$1 trillion-plus in foreign-currency reserves.
“The government has decided to separate the ownership of the reserves and the management of the reserves into two agencies,” Finance Minister Jin Renqing said yesterday.

Chinese Premier Wen Jiabao said that China would steadily push forward the foreign exchange rates reform and actively explore and expand the use of its US$1.06-trillion foreign exchange reserves.China would strengthen operation and management of foreign exchange reserves and facilitate the balance of international payment, said Wen at the two-day Third [...]

PBOC Gov Zhou, at conference in Frankfurt, says China has very clear
plans to diversify currency resreves.
USD selling off across the board on the China comments.
Zhou’s comments driving the EUR higher and this has the potential to
hurt the dollar significantly across the board.
Zhou says considering lots of instruments, according to Reuters.
Looking at Zhou’s comments in more [...]

U.S. Dollar Trading (USD) was mixed against the majors in the overnight forex trading session as US consumer sentiment disappointed. The sentiment index fell from 84.7 to 78.7 in August below expectations of a modest fall to 83.6. In other markets, the Dow Jones index rose by 46pts while the NASDAQ gained 6pts capping the [...]

Forex: EUR/USD opens Asia quiet after Belgium downgrade
FXstreet.com (California) - The European single currency ended the week to past Friday with losses across the board; EUR/USD managed to close New York at 1.3035, posting the lowest weekly close since January.
At the weekly open, EUR/USD is hovering around 1.3040 in early Asia after news late Friday [...]

LONDON (AFX - London 1612 GMT London 1324 GMT) - The dollar weakened to levels not seen in nearly a week, dented by news of benign inflationary pressures in the US which weighed on the chances of a rate hike over the coming months.
The euro nudged up [...]

KUALA LUMPUR, Aug 10 (Bernama) — The ringgit ended higher against the U.S. dollar Thursday supported by active buying on the local unit, dealers said.
At 5 pm, the local currency was traded at 3.6590/6620 against the U.S. dollar compared with 3.6610/6660 Wednesday.
Trends Terms:euro appreciates against MYRmyr strengtening against sterlingringgit against usd

Forexpros - The Euro was higher against the U.S. Dollar on Friday.
EUR/USD was trading at 1.3039, up 0.18% at time of writing.
The pair was likely to find support at 1.2947, Wednesday’s low, and resistance at 1.3377, Monday’s high.
Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to [...]

I have been bullish the EUR/USD and negative the DXY (USD/Index) since June 21st, 2010. The primary reason behind this view was the causality of USD/CNY on the USD/Index. When China is in a ‘flexible’ mode, USD/CNY drops and the USD/Index drops with it. This is because Chinese ‘flexibility’ results in the Chinese buying less [...]

Once again we open in Asia with EUR/USD at 1.3400. Looks like we will have another very quiet session with only Australian data to liven things up. Good luck today.

EUR/USD intraday: the downside prevails.
Pivot: 1.3445
Our preference: Short positions below 1.3445 with targets @ 1.3305 & 1.3275 in extension.
Alternative scenario: Above 1.3445 look for further upside with 1.3485 & 1.352 as targets.
Comment: the pair is trading in an intraday bearish channel.