EURUSD Trading strategy: stand aside The recovery to 1.5600 after testing bids at 1.5520 suggests that the resistance into the 1.5635 zone and later at 1.5660 may be tested today. Short term sentiment is bearish and a sustained break of the higher resistance at 1.5750 is required in order to confirm a potential resume of Read More
Wednesday 07.30.2008
EURUSD Trading strategy: small short at 1.5635, initial stop at 1.5675, objective at 1.5575. Adjust stop to breakeven on +30 pips (at 1.5605) if reached. The Euro declined after the failed attempts on breaking resistance into the 1.5750 zone, reaching lows at 1.5555. Short term momentum is negative and the break of the support at Read More
Tuesday 07.29.2008
EURUSD Trading strategy: stand aside Key resistance into the 1.5750 region remains valid and a sustained break may encourage a rally towards the 1.58 zone. Support starts at 1.5715 backed by 1.5670 and 1.5625/30. Downside risk emerges below intraday support at 1.5670. Daily studies are bearish while 1.5750 is intact and the intraday studies are Read More
Monday 07.28.2008
EURUSD Trading strategy: stand aside Friday’s minor recovery of the Euro doesn’t suggest that an uptrend resume is underway as the resistance into the 1.5750 region could not be cleared and above 1.5750 there’s key resistance also into the 1.5790 zone. A potential break above the second mentioned barrier will confirm the resume of the Read More
Friday 07.25.2008
EURUSD Trading strategy: small long at 1.5690, initial stop at 1.5650, objective at 1.5740. Adjust stop to breakeven on +30 pips (at 1.5720) if reached. The daily close above the 1.5670 mark (50% retracement of the 1.5302-1.6038 move) suggests that a correction towards the mid 1.57 or above is possible today. Support backs 1.5670 at Read More
Thursday 07.24.2008
EURUSD Trading strategy: small long at 1.5588, initial stop at 1.5548, objective at 1.5648. Adjust stop to breakeven on +30 pips (at 1.5618) if reached. The decline continued on yesterday and the Euro reached lows into the 1.5670 region, testing the 50% retracement of the 1.5302-1.6038 move. Short term sentiment is bearish but if the Read More
Wednesday 07.23.2008
EURUSD Trading strategy: small short at 1.5850, initial stop at 1.5890, objective at 1.5800. Adjust stop to breakeven on +30 pips (at 1.5820) if reached. The Euro declined on yesterday, testing bids into the 1.5760 zone. The failure to take out the resistance into the 1.5930/35 region along with the daily close below weekly support Read More
Tuesday 07.22.2008
EURUSD Trading strategy: stand aside Recent climb past the 1.5885/90 initial resistance confirms the uptrend and important resistance at 1.5930/35 is on focus at the time of this writing. A potential break of the 1.5930/35 barrier may encourage a rally towards the 1.6 zone where next important resistance levels are seen at 1.6020 an 1.6050. Read More
Monday 07.21.2008
EURUSD Trading strategy: stand aside The Euro continues to trade around the 1.5850 mark into a tight range of 80 points, looking for direction. Important support is formed around 1.5820 backed by 1.5790 and 1.5750. Resistance is emerging at 1.5885/90 followed by 1.5930. Short term studies are slightly bullish but a potential break below the Read More
Friday 07.18.2008
EURUSD Trading strategy: stand aside Solid intraday resistance into the 1.5890 region remained intact on yesterday but is attracting the Euro at the time of this report. Support is formed at 1.5825 backed by 1.5790/05 and 1.5750 lower. Important resistance follows 1.5990 at 1.5930 and a potential break may encourage further gains towards recent all-time Read More
Thursday 07.17.2008
EURUSD Trading strategy: stand aside The dollar recovered some ground on yesterday, putting pressure on the 1.5800 support level which limited the downside for now. The fast decline after reaching the new record high at 1.6038 suggests that a top has been formed for now and more downside is likely since key support into the Read More
Wednesday 07.16.2008
EURUSD Trading strategy: small long at 1.5840, initial stop at 1.5800, objective at 1.5890. Adjust stop to breakeven on +30 pips (at 1.5870) if reached. The Euro has reached record highs into the 1.6040 region on yesterday but failed to hold its gains above the 1.5900 mark and the accelerated decline has got support into Read More
Tuesday 07.15.2008
EURUSD Trading strategy: small long at 1.5860, initial stop at 1.5820, objective at 1.5910. Adjust stop to breakeven on +30 pips (at 1.5890) if reached. The Euro continues its upward move against the dollar, bringing pressure into the mid 1.59 zone. Interim resistance at 1.5943/50 is getting cleared right now, followed by 1.5965/70 and the Read More
Monday 07.14.2008
EURUSD Trading strategy: small long at 1.5825, initial stop at 1.5785, objective at 1.5875. Adjust stop to breakeven on +30 pips (at 1.5855) if reached. The 1.59 region and the record high at 1.6019 are back on focus now that the Euro climbed into the mid 1.59 zone before pulling back to 1.5870. Current pullback Read More
Friday 07.11.2008
EURUSD Trading strategy: small short at 1.5893, initial stop at 1.5933, objective at 1.5843. Adjust stop to breakeven on +30 pips (at 1.5863) if reached. The upside is on focus once again due to recent rally to 1.5800. Strong resistance is formed into the 1.5795/00 region by an upward trendline and also by the 62% Read More
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