Todd Gordon returns from travel and likes the EUR/USD pair.

The London wave of Euro selling sent EUR/USD lower from a Head and Shoulders pattern and through the significant 1.2990 shoulder line support level.

The G7 did little to discourage yen shorts despite their repeated comments about the favorable outlook for Japan's continued recovery.

The strongest case for a higher dollar is the British Pound, which is tip-toeing above significant daily trendline support.

The fact that all of the euro crosses are so strong on the day and EUR/USD could not break through 1.3050 resistance tells us the dollar is not as weak as some think it to be.

It was a wild ride to the upside in USD/JPY and EUR/JPY as Treasury Secretary Paulson made comments regarding an increasing need for Yuan flexibility.

Todd Gordon writes that there is a big EUR/JPY buy pattern pointing to 155.00 support.

The British pound daily count is one of the cleaner on the board and is calling for a trendline break down in C to the projected 1.9310 area support.

Two economic reports dramatically moved the EUR/USD, but the currency pair is still holding support.

Todd Gordon's 1.3055 sell limit order in the EUR/USD came up three pips short.