EURUSD Trading strategy: stand aside The Euro continues to consolidate below the 1.5600 mark so far being well supported into the 1.5550 zone but the support seem rather fragile while the pair fails to advance higher into a safer zone. While the medium term studies are bearish since the break below the mid 1.57′s, the Read More
EURUSD medium term outlook – Wednesday 04.23.2008
The anticipated break of 1.6 finally occured on intra-day basis but a daily close into the 1.6 zone is needed to confirm the full breakout and then aim higher. More rangebound action is likely until the full break higher so keep an eye on the current mid-term support levels which are seen at 1.5900-1.5915 Read More
- Continue reading: EURUSD medium term outlook – Wednesday 04.23.2008
Wednesday 04.23.2008
EURUSD Trading strategy: small long at 1.5925, stop at 1.5895, objective at 1.5975. The Euro finally got past the 1.6 psychological barrier on yesterday, setting the new record high at 1.6019. The daily close just a few points below the 1.6000 mark is strengthening the medium term momentum and there’s much more room for further Read More
Tuesday 04.22.2008
EURUSD Trading strategy: small long at 1.5910 on break of 1.5885 with stop at 1.5870 and objective at 1.5980. The Euro recovered on yesterday climbing back into the 1.59 area but the gains seem short-lived as the pair already fell 70 points in a few minutes. In order to put some pressure on the 1.6 Read More
Monday 04.21.2008
EURUSD Trading strategy: small short in the 1.5890 area, stop at 1.5930, objective at 1.5830 The Euro has lost most of its previous week gains on Friday as the greenback rallied across the board. The fall from the 1.5950 mark to 1.5711 comes as a mid-term corrective move and the upside bias remains valid. The Read More
Friday 04.18.2008
EURUSD Trading strategy: small short in the 1.6015 area, stop at 1.6055, objective at and below 1.5935. The upside was limited into the 1.5970-1.6 zone on yesterday and the Euro pulled back after setting a fresh record high at 1.5982. As I mentioned on yesterday’s report, a catalyst is needed in order to push the Read More
Thursday 04.17.2008
EURUSD Trading strategy: small long in the 1.5880 area, stop at 1.5840, objective at 1.5930. The long lasting resistance formed into the 1.5900-1.5915 range has been finally washed away as the Euro rallied on a spectacular 200 points move on yesterday. After the large rally, the pair became too exhausted to put some serious pressure Read More
Wednesday 04.16.2008
EURUSD Trading strategy: stand aside The dollar recovered on yesterday and the Euro has failed to hold above the 1.5800 support level, testing support into the mid 1.57 zone. Although the Euro has recovered and it is now trading around 1.5830, the short term sentiment is slightly mixed as we’ve seen on yesterday that there’s Read More
Tuesday 04.15.2008
EURUSD Trading strategy: Long in the 1.5815 area, stop at 1.5770, objective at 1.5915. The Euro rallied against the greenback on yesterday and recovered its recent losses which brought it below the 1.57 mark. Although the pullback to 1.5670 was large, positive medium term momentum remained intact as the Euro found support on a daily Read More
EURUSD medium term outlook – Monday 04.14.2008
The Euro continues to put serious pressure on the 1.59 zone and managed to set a fresh record high at 1.5915 on the previous week. The greenback reversed sharply after earlier knee jerk gains on G7′s change of language. The weekend’s gap has been filled fast as the Euro managed to recover, bringing resistance levels Read More
- Continue reading: EURUSD medium term outlook – Monday 04.14.2008
Monday 04.14.2008
EURUSD Trading strategy: small long in the 1.5710 area, stop at 1.5670, objective at 1.5765. The Euro closed above the 1.5800 mark on Friday but couldn’t hold its gains over the weekend due to the G7′s weekend communique and opened quite lower, testing support levels in the 1.56 area. The dollar’s appreciation over the weekend Read More
Friday 04.11.2008
EURUSD Trading strategy: stand aside Although it managed to establish a new record high at 1.5913 on yesterday, the Euro failed to hold its gains and collapsed big-time all the way to 1.5725. Downside risk will become higher if the Euro slips below 1.5720 then into the 1.56 zone as there is key support now Read More
Thursday 04.10.2008
EURUSD Trading strategy: Long in the 1.5815 area, stop at 1.5775, objectives at 1.5865 then 1.5955 on potential break of 1.5905. The Euro managed to break the key resistance at 1.5800 on yesterday and it is now consolidating its gains around the 1.5840 mark. It is obvious that the dollar is weaker than before as Read More
Wednesday 04.09.2008
EURUSD Trading strategy: stand aside or attempt small longs at 1.5615 with stop at 1.5575 and objective at 1.5685. The Euro failed to hold into the higher half of the 1.57 zone on yesterday and pulled back at 1.5675. Stable intra-day support has been found into the 1.5685-1.5700 range and while it holds, a re-test Read More
Tuesday 04.08.2008
EURUSD Trading strategy: Attempt small longs in the 1.5690 area with stop at 1.5650, objective at 1.5790. After a false breakout of 1.5640, the Euro recovered and climbed past the 1.5700 mark, testing 1.5800 during today’s Asian session. Strong resistance is now formed at 1.5800 due to a triangle formation seen in the chart below. Read More
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