EURUSD Trading strategy: stand aside Key resistance comes around 1.5785 and a potential break would confirm the uptrend. Interim resistance is noticed at 1.5760 formed by the 50% retracement of the 1.5908-1.5611 move but it should not act as a strong barrier. On the downside, near term support is formed around 1.5725 by an upward Read More
Wednesday 07.09.2008
EURUSD Trading strategy: small short at 1.5785, initial stop at 1.5825, objective at 1.5735. Adjust stop to breakeven on +30 pips (at 1.5755) if reached. The support into the 1.5625 zone is intact so the short term sentiment remains bullish, the fast recovery from the 1.5635/50 region confirming the upside bias. Recent rally brings intraday Read More
Tuesday 07.08.2008
EURUSD Trading strategy: small short at 1.5780, initial stop at 1.5820, objective at 1.5730. Adjust stop to breakeven on +30 pips (at 1.5750) if reached. Recent recovery from the 1.5610 area suggests that uptrend may resume as key resistance at 1.5760 is on focus now. Intraday support is formed at 1.5685 backed by 1.5650 and Read More
Monday 07.07.2008
EURUSD Trading strategy: small long at 1.5585, initial stop at 1.5545, objective at 1.5635. Adjust stop to breakeven on +30 pips (at 1.5615) if reached. Daily studies are becoming bearish along with the break below 1.5660 support zone and more downside action could be seen towards next bearish objective into the 1.5570/80 region then 1.5380-1.5400, Read More
Friday 07.04.2008
EURUSD Trading strategy: small short at 1.5790, initial stop at 1.5830, objective at 1.5740. Adjust stop to breakeven on +30 pips (at 1.5760) if reached. The short term studies remain bullish despite yesterday’s retreat of 225 points but the daily lower low after trading as high as 1.5908 hurts momentum quite a lot. Key support Read More
Thursday 07.03.2008
EURUSD Trading strategy: stand aside. The 1.59 zone is on focus now as the Euro managed to climb higher on yesterday, testing offers into the 1.5890 region. Intraday support is formed into the 1.5810 zone backed by 1.5750 and 1.5660. Resistance starts at 1.5890/00 followed by 1.5950 and 1.6019. Both intraday and daily studies are Read More
Wednesday 07.02.2008
EURUSD Trading strategy: small short at 1.5890, initial stop at 1.5930, objective at 1.5840. Adjust stop to breakeven on +30 pips (at 1.5860) if reached. Key resistance is eyed into the 1.5835/45 region and a potential break will bring the 1.59 zone on focus. Positive momentum of both intraday and daily studies are encouraging a Read More
Tuesday 07.01.2008
EURUSD Trading strategy: small short at 1.5875, initial stop at 1.5915, objective at 1.5825. Adjust stop to breakeven on +30 pips (at 1.5845) if reached. The key resistance into the 1.5840 region couldn’t be broken yet but new tests are possible while the Euro is well supported into the 1.5715-1.5740 region and below, around 1.5660. Read More
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