EURUSD Trading strategy: small long at 1.5715, initial stop at 1.5675, objective at 1.5765. Adjust stop to breakeven on +30 pips (at 1.5745) if reached. The 1.58 area is on focus now as the Euro climbed into the 1.5790 region where an interim barrier is formed. Resistance follows at 1.5817 then 1.5840 and 1.5900 higher. Read More
Friday 06.27.2008
EURUSD Trading strategy: stand aside The Euro continues its ascension versus the greenback, testing offers into the 1.5760 zone on yesterday’s late NY session. Positive momentum favours more upside action while intraday support into the 1.5660 zone holds. Strong resistance starts into the 1.5770-80 zone followed by 1.5840-50. Current exchange rate is 1.5745 @06:25 GMT Read More
Thursday 06.26.2008
EURUSD Trading strategy: small short at 1.5775, initial stop at 1.5815, objective at 1.5720. Adjust stop to breakeven on +30 pips (at 1.5745) if reached. Recent break of the resistance level into the 1.5620 zone adds some fuel to the positive momentum and brings the higher areas on focus. Key resistance is now seen at Read More
Wednesday 06.25.2008
EURUSD Trading strategy: stand aside EURUSD continues to trade within the established range of 1.5470 to 1.5620 consolidating ahead of Fed’s rate decision later today. Although they are expected to leave rate unchanged at 2 percent, the policy statement will be focused as it may decide the dollar’s next move and probably a break of Read More
Tuesday 06.24.2008
EURUSD Trading strategy: small long at 1.5420, initial stop at 1.5380, objective at 1.5470. Adjust stop to breakeven on +30 pips (at 1.5450) if reached. The Euro declined on yesterday, erasing its Friday gains against the dollar but managed to confirm the short term support into the 1.5470 zone. The modest recovery after testing bids Read More
Monday 06.23.2008
EURUSD Trading strategy: small long at 1.5508, initial stop at 1.5468, objective at 1.5558. Adjust stop to breakeven on +30 pips (at 1.5538) if reached. The Euro climbed higher versus the greenback on Friday, testing offers around the 61.8% retracement of the 1.5843-1.5302 move, at 1.5636. Current pullback into the 1.5580 zone may bring initial Read More
Friday 06.20.2008
EURUSD Trading strategy: stand aside The Euro failed to break the resistance into the 1.5580 zone on yesterday and declined, testing bids at 1.5465. Intraday support at 1.5465 is formed by the 50% retracement of the 1.5343-1.5585 move and the bottom set by the previous 3 days lows. A potential break would accelerate a decline Read More
Thursday 06.19.2008
EURUSD Trading strategy: small long at 1.5475, initial stop at 1.5435, objective at 1.5530. Adjust stop to breakeven on +35 pips (at 1.5510) if reached. Recent break of 1.5550 adds fuel to the current uptrend and we are looking forward for extended gains towards 1.5600 and probably 1.5640 later. Important resistance is emerging into the Read More
Wednesday 06.18.2008
EURUSD Trading strategy: stand aside or attempt small long at 1.5407, initial stop at 1.5367, objective at 1.5457. Adjust stop to breakeven on +35 pips (at 1.5442) if reached The Euro failed to break the resistance into the 1.5550 region on yesterday and pulled back towards the minor support at 1.5465. If it holds above Read More
Tuesday 06.17.2008
EURUSD Trading strategy: small long at 1.5475, initial stop at 1.5435, objective at 1.5555. Adjust stop to breakeven on +30 pips (at 1.5505) if reached. The Euro recovery from the mid 1.53 zone on yesterday puts focus on the key resistance zone of 1.5550-1.5570 while intraday support is formed at 1.5470 backed by 1.5395. More Read More
Monday 06.16.2008
EURUSD Trading strategy: small long now into the 1.5400 zone, stop at 1.5360, objective at 1.5480. Adjust stop to breakeven on +35 pips (at 1.5435) if reached. The pullback from the recent lows at 1.5302 back into the 1.5390-1.5400 region confirms the strong support into the mid 1.53 zone and while a full break is Read More
Friday 06.13.2008
EURUSD Trading strategy: stand aside The Euro continued its fall reaching intraday lows below the 1.5400 figure but so far, key support into the 1.5380 area remains intact. Although short-term sentiment favors the dollar, the buck will most likely face a hard time on a potential attempt to break through the support zone of 1.5340 Read More
Thursday 06.12.2008
EURUSD Trading strategy: stand aside The Euro failed to hold its gains into the 1.55 zone and collapsed on today’s Asian session, testing bids around 1.5460. Intraday support is seen at 1.5460 backed by a rising trendline at 1.5385 and the recent lows into the 1.5370 zone. On the upside, resistance is clustered into the Read More
Wednesday 06.11.2008
EURUSD Trading strategy: stand aside The dollar continues to strengthen across the board and managed to gain another 220 points against the EUR. Current resistance around 1.5560 should keep near term trend negative, expecting a further slide to the recent lows into the 1.5360 region and even below. Next significant band of support is at Read More
Tuesday 06.10.2008
EURUSD Trading strategy: stand aside The greenback managed to recover after Friday’s decline on more talk from US government officials on yesterday. The 260 points decline of the Euro brings support into the 1.55 zone back on focus while daily sentiment is neutral once again. If the lower half of the 1.55 zone remains intact, Read More
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