EURUSD Trading strategy: stand aside Resistance at 1.4810 remains intact therefore the Euro fails to confirm a potential recovery. On the downside, support at 1.4675 seem pretty strong and may limit the downside for today. Intraday studies are bullish at the time of this writing. Current exchange rate is 1.4746 @06:50 GMT Support levels: 1.4740, Read More
Thursday 08.28.2008
EURUSD Trading strategy: stand aside The Euro maintains the bid tone after reversing on yesterday at 1.4665. Minor intraday support is now seen at 1.4770/75 backed by 1.4700 and 1.4665, then 1.4570 lower. Resistance is seen at 1.4810 followed by 1.4860 and 1.4900/10. The daily studies are bearish but the current pullback may extend towards Read More
Wednesday 08.27.2008
EURUSD Trading strategy: small short at 1.4775, initial stop at 1.4815, objective at 1.4710. Adjust stop to breakeven on +30 pips (at 1.4745) if reached. The Euro recovered after testing bids at 1.4570 on yesterday, but the short term bias remains on the downside. Resistance at 1.4765 and higher at 1.4800/10 should limit the upside Read More
Tuesday 08.26.2008
EURUSD Trading strategy: stand aside Support into the 1.4650 region may be tested later as the Euro reversed after testing resistance at 1.4800 on yesterday. Short term bias is on the downside while resistance at 1.4800 holds. Previous support at 1.4700 provides a minor resistance now, followed by 1.4760 and 1.4800. Support starts at 1.4675 Read More
Monday 08.25.2008
EURUSD Trading strategy: stand aside The Euro could not break the resistance at 1.4900 on Friday and declined, testing bids at 1.4700 on today’s Asian session. Bias remains on the downside while resistance into the 1.4800 region holds, and extended losses towards recent lows into the 1.4630/50 zone are possible. Intraday studies are bearish at Read More
Friday 08.22.2008
EURUSD Trading strategy: small short at 1.4975, initial stop at 1.5015, objective at 1.4925. Adjust stop to breakeven on +30 pips (at 1.4945) if reached. The rally past resistance at 1.4850 on yesterday provides clues of a corrective move which could be underway, with key resistance aimed into the 1.4965/80 region. Interim resistance is seen Read More
Thursday 08.21.2008
EURUSD Trading strategy: small long at 1.4810 on break of 1.4800, initial stop at 1.4770, objective at 1.4860. Adjust stop to breakeven on +30 pips (at 1.4840) if reached The Euro recovered after testing support at 1.4700 on yesterday and resistance into the 1.48 region is under pressure at the time of this writing. Intraday Read More
Wednesday 08.20.2008
EURUSD Trading strategy: small long at 1.4810 on break of 1.4800, initial stop at 1.4770, objective at 1.4860. Adjust stop to breakeven on +30 pips (at 1.4840) if reached. The Euro recovered on yesterday, breaking the intraday resistance at 1.4700 then testing offers at 1.4800. Interim support has been set at 1.4750 which is backed Read More
Tuesday 08.19.2008
EURUSD Trading strategy: small short at 1.4665, initial stop at 1.4705, objective at 1.4615. Adjust stop to breakeven on +30 pips (at 1.4635) if reached. Support into the 1.4650 zone failed to hold and the Euro is currently testing bids into the 1.4630 region. Intraday studies are bearish and a sustained break of 1.4650 may Read More
Monday 08.18.2008
EURUSD Trading strategy: small short at 1.4810, initial stop at 1.4850, objective at 1.4760. Adjust stop to breakeven on +30 pips (at 1.4780) if reached. The US dollar continued its rally during the last week, breaking through technical barriers into the 1.49-1.5 region, bringing the 50% retracement of the 1.3263-1.6038 at 1.4651 on focus. The Read More
Friday 08.15.2008
EURUSD Trading strategy: small short at 1.4790, initial stop at 1.4835, objective at 1.4740. Adjust stop to breakeven on +30 pips (at 1.4760) if reached) The breach of the support at 1.4820 on yesterday extends the decline into the mid 1.47 region where interim support is being tested at the time of this writing. Next Read More
Thursday 08.14.2008
EURUSD Trading strategy: small short at 1.5010, initial stop at 1.5055, objective at 1.4940. Adjust stop to breakeven on +30 pips (at 1.4980) if reached. Recent low into the 1.4815 region may be focused later today as the Euro resumed the downtrend, testing bids into the 1.4850 zone. Interim support is formed at 1.4850 and Read More
Wednesday 08.13.2008
EURUSD Trading strategy: small short at 1.5060, initial stop at 1.5100, objective at 1.5010. Adjust stop to breakeven on +30 pips (at 1.5030) if reached. The Euro recovered some ground on yesterday after testing bids at 1.4820, but it failed to break the intraday resistance at 1.4950/60. The recovery may extend further if the Euro Read More
Tuesday 08.12.2008
EURUSD Trading strategy: small short at 1.4920, initial stop at 1.4960, objective at 1.4870. Adjust stop to breakeven on +30 pips (at 1.4890) if reached. The Euro continues its decline as the US dollar rallies across the board. Important support at 1.5 and 1.4920 has been passed by, not being able to limit the downside. Read More
Monday 08.11.2008
EURUSD Trading strategy: small short at 1.5140, initial stop at 1.5180, objective at 1.5090. Adjust stop to breakeven on +30 pips (at 1.5110) if reached. The dollar continues its multi-month largest rally versus the Euro, advancing 330 points on Friday and bringing support at 1.4920 on focus. A corrective move on the upside seem possible, Read More
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