EURUSD Trading strategy: small long at 1.5695, initial stop at 1.5655, objective at 1.5775. Adjust stop to breakeven on +40 pips (at 1.5735) if reached. The Euro had its largest weekly rally since the end of March, managing to break the resistance levels into the 1.57 zone. Friday’s rally confirms the resume of the uptrend Read More
Friday 06.06.2008
EURUSD Trading strategy: stand aside The Euro recovered its recent losses after a 240 points rally on yesterday following ECB president Trichet who said that an interest-rate hike in July is “possible”. The surprising hawkish shift brings the elevated levels on EURUSD back in focus, at least for now. Although technically we are back into Read More
Thursday 06.05.2008
EURUSD Trading strategy: small short at 1.5515, initial stop at 1.5555, objective at 1.5435. Adjust stop to breakeven on +35 pips (at 1.5480) if reached. The dollar holds firm across the board on yesterday and minor Euro rallies of 30-50 points have met fast offers so it failed to approach the more decent selling regions Read More
Wednesday 06.04.2008
EURUSD Trading strategy: small short at 1.5510, initial stop at 1.5550, objective at 1.5430. Adjust stop to breakeven on +35 pips (at 1.5475) if reached. The rally towards the mid 1.56 region was limited at 1.5628 before a massive dollar buying across the board emerged, encouraged by Bernanke’s speech. The greenback rallied by 200 points Read More
Tuesday 06.03.2008
EURUSD Trading strategy: small short at 1.5640, initial stop at 1.5675, objective at 1.5585. Adjust stop to breakeven on +30 pips (at 1.5610) if reached The 61.8% retracement of the recent 1.5285-1.5819 swing at 1.5488 remained intact and provided an intra-day reversal, the Euro catching a bid since the dollar failed to drag it lower Read More
Monday 06.02.2008
EURUSD Trading strategy: small short at 1.5540, initial stop at 1.5575, objective at 1.5450. Adjust stop to breakeven on +30 pips (at 1.5510) if reached Short term sentiment remains mixed although the Euro has found support on the 61.8% retracement of the 1.5285-1.5820 move at 1.5490. While below 1.5615, there are chances of a re-test Read More
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