EURUSD Trading strategy: Long in the 1.5150 area if reached before potentially breaking 1.5230, stop at 1.5115, objectives at and above 1.5200. Extended objectives may aim towards 1.5265 if 1.5230 breaks. The Euro advanced higher versus the US dollar on yesterday as the dollar cant seem to catch a break. New record highs have been Read More
Thursday 02.28.2008
EURUSD Trading strategy: Long in the 1.5063 area if reached first, stop at 1.5028, objectives at and above 1.5112. Extended objectives may aim towards 1.5145 if 1.5120 breaks. The Euro extended its gains on yesterday and got past the 1.51 mark, setting a record high at 1.5145. Although the US dollar is under heavy selling Read More
Wednesday 02.27.2008
EURUSD Trading strategy: Long in the 1.4975 area, stop at 1.4940, objectives at and above 1.5035. Extended objectives may aim towards 1.5080 if 1.5047 breaks. The Euro has rallied on yesterday, smashing the greenback on a 270 points move, setting record highs at 1.5047 in the after-hours trading. The US dollar is set for more Read More
Tuesday 02.26.2008
EURUSD Trading strategy: Long in the 1.4760 area if reached first, stop at 1.4725, objectives at and above 1.4810. Extended objectives may aim towards 1.4860 if 1.4840 breaks. The Euro is still consolidating into a narrow range of 50 points between 1.4790 and 1.4840 and although it has some room for further gains towards the Read More
Monday 02.25.2008
EURUSD Trading strategy: Long in the 1.4780 area, stop at 1.4745, objectives at and above 1.4830. Second objective may aim towards 1.4880 if 1.4865 breaks. The Euro closed slightly higher versus the greenback on Friday after it ranged between the intra-day support 1.4790 and the resistance at 1.4860 which it has failed to break. Since Read More
Friday 02.22.2008
EURUSD Trading strategy: Short in the 1.4835 area if reached first, stop at 1.4865, objectives at and below 1.4775. The Euro advanced higher on yesterday and has cleared the key resistance formed at 1.4755, climbing all the way up to 1.4837 before starting to retrace back to 1.4800. Although the daily sentiment is bullish, an Read More
Thursday 02.21.2008
EURUSD Trading strategy: Long in the 1.4695 area, stop at 1.4665, objectives at and above 1.4745. After declining to 1.4615 on yesterday, the FOMC minutes favored the Euro and it recovered, climbing back into the 1.47 zone. Although yesterday’s decline was large, it only caused some noise on the intraday charts clearing some of the Read More
Wednesday 02.20.2008
EURUSD Trading strategy: Long in the 1.4705 area if reached first, stop at 1.4675, objectives at and above 1.4755. The Euro rallied on yesterday, testing the mid term fib resistance formed at 1.4755 which couldn’t be broken and then retraced back into the 1.4700 area where it is now testing the intra-day support. The pair Read More
Tuesday 02.19.2008
EURUSD Trading strategy: Long in the 1.4680 area, stop at 1.4647, objective at 1.4750. After retracing to 1.4610 on yesterday, the Euro faced solid support in the 1.4620 zone and recovered, extending its gains on today’s Asian session. Now that it got past the 1.4700 mark, it has to establish support somewhere in the 1.4670-1.4700 Read More
Monday 02.18.2008
EURUSD Trading strategy: Long in the 1.4642 area, stop at 1.4612, objectives at and above 1.4692. The Euro rose on Friday and found support on the earlier formed intra-day resistance at 1.4655, testing offers at 1.4710 before ranging in the 1.4660-1.4690 area. Both daily and intraday studies are now bullish and the upside bias will Read More
Friday 02.15.2008
EURUSD Trading strategy: Short in the 1.4685 area, stop at 1.4715, objectives at and below 1.4640. The Euro rose on yesterday and tested the mid-term resistance area formed between 1.4630-1.4650 and it failed to break it but it seem a bit stronger today as it got past 1.4650 at the time of this report. Support Read More
Thursday 02.14.2008
EURUSD Trading strategies: Stand aside The Euro failed to break 1.4600 on yesterday and ranged between 1.4530 and 1.4600, closing slightly lower versus the dollar. Support is formed by the upward trendline seen on the hourly studies at 1.4550 backed by 1.4535 and 1.4500. Resistance emerges at 1.4585 followed by 1.4600, 1.4635 and 1.4650. Daily Read More
Wednesday 02.13.2008
EURUSD Trading strategies: Stand aside The Euro rallied on yesterday against the US dollar, bouncing on the support trendline at 1.4495 but stalling its gains at 1.4615 where it started the current retracement. Support is now formed at 1.4555 backed by 1.4520, 1.4480 and 1.4440. Interim resistance is noticed at 1.4585 followed by yesterday’s high Read More
Tuesday 02.12.2008
EURUSD Trading strategies: Short in the 1.4570 area, stop at 1.4605, objectives at and below 1.4470. The Euro rose on yesterday to 1.4575 but erased its gains and collapsed back into the 1.4480-1.4500 area. Support starts now at 1.4500 backed by 1.4450 and 1.4400. Mid term support is noticed at 1.4365. Resistance starts at 1.4565 Read More
Monday 02.11.2008
EURUSD Trading strategies: Short in the 1.4610 area, stop at 1.4640, objectives at and below 1.4560 The Euro appreciated slightly versus the greenback on Friday, managing to climb past the 1.4500 resistance after if bounced on the 1.4450 support level. Support starts now at 1.4500 backed by 1.4450, 1.4400 and the mid-term support at 1.4365. Read More
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