EURUSD Trading strategies: Long in the 1.4865 area, stop at 1.4830, objectives at and above 1.4915. The Euro rallied on yesterday and got past the 1.4800 then 1.4820 resistance levels setting highs at 1.4905 due to Fed’s rate cut by half point. Support starts at 1.4850 backed by 1.4820, 1.4780 and 1.4750. Resistance starts at Read More
Wednesday 01.30.2008
EURUSD Trading strategies: Long in the 1.4750 area, stop at 1.4710, objectives at and above 1.4830 . The Euro’s retreat on yesterday brought the mid 1.47 area on focus but it found support at 1.4750 and recovered, although it closed slightly lower. Support starts at 1.4750 backed by 1.4730, 1.4690 and 1.4660. Interim resistance is Read More
Tuesday 01.29.2008
EURUSD Trading strategies: Long in the 1.4745 area, stop at 1.4715, objectives at and above 1.4795. The Euro recovered on yesterday and regained some ground versus the US dollar by climbing towards the 1.4800 mark. Support starts at 1.4755 backed by 1.4730 and 1.4690. Resistance starts at 1.4800 followed by 1.4825, 1.4855 and 1.4920. Daily Read More
One week ahead (01.28.2008-02.04.2008)
EURUSD mid-term outlook The markets have been very volatile on the last two weeks, with the EUR falling from 1.4915 to 1.4360 and then recovering fast by rallying into the 1.47-1.48 zone. The unexpected events like the Fed’s emergency 75bp rate cut and Sociente Generale losing 7 billion dollars in a trading fraud have caused Read More
Monday 01.28.2008
EURUSD Trading strategies: Short in the 1.4715 area, stop at 1.4745, objectives at and below 1.4665. Extended objectives may aim towards 1.4625 if 1.4660 won’t hold. The Euro failed to hold above 1.47 on Friday and declined into the mid 1.46 area, finding support at 1.4660. Support backs 1.4660 at 1.4620 and 1.4570. Resistance emerges Read More
Friday 01.25.2008
EURUSD Trading strategies: Long in the 1.4720 area, stop at 1.4680, objectives at and above 1.4795. The Euro has rallied on yesterday and passed through the entire 1.46-1.47 zone finding support in the 1.47 area. Intra-day support is seen at 1.4730 backed by 1.4685, 1.4635 and 1.4590. Resistance emerges at 1.4780 followed by 1.4825, 1.4865 Read More
Thursday 01.24.2008
EURUSD Trading strategies: Long in the 1.4575 area, stop at 1.4540, objectives at and above 1.4635. Extended objectives may aim towards 1.4680 if 1.4640 breaks. The Euro weakened versus the US dollar on yesterday, retracing to 1.4510 but then recovered and reached highs at 1.4640, establishing support again at 1.4600. Support starts at 1.4600 backed Read More
Wednesday 01.23.2008
EURUSD Trading strategies: Long in the 1.4560 area, stop at 1.4520, objectives at and above 1.4620. The Euro rallied on yesterday versus the US dollar due to the FOMC surprising intermeeting rate cut, slashing the federal funds target rate by 75bps to 3.50% and lowering the discount rate 75bps to 4.00%. The event has helped Read More
Tuesday 01.22.2008
EURUSD Trading strategies: Short in the 1.4455 area, stop at 1.4485, objectives at and below 1.4395. The Euro continued to drop versus the US dollar and has reached lows at 1.4390 during today’s Asian session. Support starts at 1.4385 backed by 1.4355, 1.4310 and 1.4260. Resistance emerges at 1.4460 followed by 1.4505 and 1.4545. Sentiment Read More
Monday 01.21.2008
EURUSD Trading strategies: Short in the 1.4585 area, stop at 1.4615, objectives at and below 1.4535. After failing the attempt to break 1.4700, the Euro has reversed and declined resuming the mid-term downtrend and fell below the 1.4600 support level, reaching lows in the 1.4530 area on today’s Asian session. Support is formed now at Read More
Friday 01.18.2008
EURUSD Trading strategies: Long now in the 1.4640 area, stop at 1.4620, objectives at and above 1.4670. Short in the 1.4680 area, stop at 1.4710, objectives at and below 1.4600. The support at 1.4600 is stable still and managed to hold on yesterday’s Euro test. Although the Euro has recovered after testing 1.4600, it failed Read More
Thursday 01.17.2008
EURUSD Trading strategies: Long in the 1.4650 area, stop at 1.4620, objectives at and above 1.4720. The Euro declined on yesterday and failed to hold in the 1.47 area, reaching lows a bit below the 50% fib retracement of the 1.4310-1.4920 move from December’s low to January’s high. Support is now seen at 1.4640 backed Read More
Wednesday 01.16.2008
EURUSD Trading strategies: Short in the 1.4850 area, stop at 1.4880, objectives at and below 1.4800. After a failed test of the intra-day resistance at 1.4915, the Euro declined and reached lows in the 1.4770 zone. Support is formed at 1.4820 backed by 1.4800 and 1.4770. Resistance starts at 1.4860 followed by 1.4900, 1.4920 and Read More
Tuesday 01.15.2008
EURUSD Trading strategies: Long in the 1.4865 area, stop at 1.4835, objectives at and above 1.4915. The Euro advanced higher versus the US dollar on yesterday and after it found support at 1.4860, it rose to 1.4915 where it also established the daily high. Support is formed at 1.4860 backed by 1.4820 and 1.4770. Resistance Read More
Monday 01.14.2008
EURUSD Trading strategies: Long in the 1.4850 area, stop at 1.4820, objectives at and above 1.4900. Trading was mixed on Friday and the Euro ranged between 1.4760 and 1.4820 but today it managed to get past the 1.4820 resistance and rallied towards the 1.49 mark. Support is now formed by 1.4860 backed by 1.4820, 1.4785 Read More
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