EURUSD Trading strategy: Long in the 1.5730 area, stop at 1.5690, objective at and above 1.5800. The last Friday has been yet another rangebound trading day and the Euro failed to advance higher by breaking the resistance in the 1.5825 zone. Solid intra-day support cluster is formed now within the 1.5725-1.5755 zone. While the 1.5725 Read More
Friday 03.28.2008
EURUSD Trading strategy: Long now in the 1.5780 area, stop at 1.5740, objectives at and above 1.5830. Extended objectives may aim to 1.5900 if 1.5860 breaks. The Euro has failed to break higher than 1.5820 where it found intra-day resistance and was well supported into the 1.5720 support area. It continues to consolidate while waiting Read More
Thursday 03.27.2008
EURUSD Trading strategy: Long in the 1.5753 area, stop at 1.5713, objectives at 1.5853. Extended objectives may aim to 1.5950 if 1.5860 breaks. The Euro extended its gains versus the dollar on yesterday and reached 1.5860 by the end of the US trading session. The 1.5905 record high is under heavy pressure now that the Read More
Wednesday 03.26.2008
EURUSD Trading strategy: Long in the 1.5560 area, stop at 1.5525, objective at 1.5615. Extended objectives may aim to 1.5660 if 1.5615 breaks. The Euro recovered half of its previous week’s losses by climbing 250 points Vs the greenback on yesterday. Upside bias is strong on a medium term basis and the Euro may re-test Read More
Tuesday 03.25.2008
EURUSD Trading strategy: Long in the 1.5480 area, stop at 1.5445, objectives at 1.5530. Extended objectives may aim to 1.5620 if 1.5560 breaks. The Euro rallied during today’s Asian session, managing to regain 150 points versus the greenback. The pair is currently facing strong resistance in the 1.5560 zone which is also a retracement level Read More
Monday 03.24.2008
EURUSD Trading strategy: Short in the 1.5400 area, stop at 1.5430, objectives at and below 1.5350. Extended objectives may aim to 1.5275 if 1.5345 breaks. The greenback continues to recover some ground as the commodity prices declined during the past few days and the Euro drifts lower towards the 1.52 area. Downside risk remains high Read More
Thursday 03.20.2008
EURUSD Trading strategy: Long in the 1.5520 area, stop at 1.5485, objectives at and above 1.5570. Extended objectives may aim towards 1.5620 if 1.5570 breaks. The Euro climbed back towards the 1.58 area on yesterday but it failed to hold its gains and collapsed during the U.S. trading session, reaching lows at 1.5583 on yesterday Read More
Wednesday 03.19.2008
EURUSD Trading strategy: Long in the 1.5595 area, stop at 1.5560, objectives at and above 1.5645. Extended objectives may aim to 1.5680 if 1.5665 breaks. The Euro lost some ground on yesterday as the U.S. dollar rallied across the board after the FED rate cut of 75 bps. The market reaction has been opposite to Read More
Tuesday 03.18.2008
EURUSD Trading strategy: stand aside The Euro has retraced on yesterday after reaching 1.5905 but remained into the 1.57 area after testing bids into the 1.5690 area. Turbulent trading sessions are expected today due to the FOMC rate decision at 18:15 GMT. Good support is now seen into the 1.5680 area and while it holds, Read More
Monday 03.17.2008
EURUSD Trading strategy: Long in the 1.5715 area, stop at 1.5680, objective at and above 1.5765. Extended objectives may aim to 1.5850 if 1.5800 breaks. The Euro extended its gains versus the greenback on Friday and rallied to 1.5905 during today’s Asian session as the U.S. dollar is highly sold across the board. As we Read More
Friday 03.14.2008
EURUSD Trading strategy: Long in the 1.5580 area, stop at 1.5545, objectives at and above 1.5630. Extended objectives may aim to 1.5680 if 1.5650 breaks. The Euro continues to advance higher versus the U.S. dollar setting fresh record highs constantly. The overall sentiments on the greenback remains extremely weak with EURUSD scoring new record highs Read More
Thursday 03.13.2008
EURUSD Trading strategy: Long in the 1.5515 area, stop at 1.5480, objectives at and above 1.5565. Extended objectives may aim to 1.5620 if 1.5585 breaks. The Euro rallied on yesterday and is currently holding its gains trading near the record high at 1.5585. Another day, another record high – as we are used to nowadays. Read More
Wednesday 03.12.2008
EURUSD Trading strategy: stand aside The Euro rallied to a new record high at 1.5495 on yesterday but once again failed to sustain above 1.54 and fell back into the previous range where it found support into the 1.5280-1.5300 zone. The Euro failed to hold its gains and declined due to the Fed offering to Read More
Tuesday 03.11.2008
EURUSD Trading strategy: Long in the 1.5275 area, stop at 1.5240, objectives at and above 1.5325. Extended objectives may aim towards 1.5375 if 1.5330 breaks. The Euro has consolidated below the 1.54 mark being well supported by 1.5313, support formed by Friday’s low. Consolidation into the 1.53 area is likely to continue today with upside Read More
Monday 03.10.2008
EURUSD Trading strategy: Stand aside The Euro has established a new record high on Friday at 1.5465 after another month of contraction in the US job markets but the gains were short lived and it soon collapsed to 1.5313. Although the Euro has recovered some of its Friday losses and climbed back into the 1.5390 Read More
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