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Student’s Question:Here's the support line. But I am still confused as to when should I enter the trade and when should I exit the trade according to the historic chart I posted?

The euro is weak across the board. In fact, the EURAUD is trading at a 19 year low and an objective is 1300 pips lower.

U.S. stocks posted their largest gain in nearly two months despite a report that the number of mortgage applications declined for the first time in six weeks.

Intensely choppy forex market price action has made short-term US Dollar forecasts especially difficult, but evidence of sentiment extremes in the Japanese Yen suggests that the USDJPY may soon reverse. Forex futures positioning data shows that Non-commercial traders are near the most net-long the Japanese Yen (short USDJPY) since the USDJPY bottomed in late 2009.