EURUSD Trading strategy: stand aside The Euro is again under pressure, leaving the 1.45 zone behind. Support is seen at 1.4300 backed by 1.4260 and 1.4160. Resistance starts at 1.4430 followed by 1.4500 and 1.4615. Daily momentum is losing strength and may turn bearish soon if the pair Euro continues to weaken and fall below Read More
Monday 09.29.2008
EURUSD Trading strategy: stand aside Intraday studies are bearish and the current decline below the 1.4475 mark may continue towards next support level at 1.4375. Short term momentum is bullish but a potential breach of the support at 1.4375 will signal a reversal, confirming the resume of the downtrend. Resistance starts at 1.4475 followed by Read More
Friday 09.26.2008
EURUSD Trading strategy: stand aside The Euro lacks the strength to advance towards the recent highs at 1.4765 and above, towards the 1.4860 mark. While holding below 1.47, the pair is vulnerable to more downside action and a move to 1.4475 may occur. Intraday studies are bearish at the time of this writing. The daily Read More
Thursday 09.25.2008
EURUSD Trading strategy: small short at 1.4900, initial stop at 1.4940, objective at 1.4830. Adjust stop to breakeven on +30 pips (at 1.4870) if reached The Euro dipped as low as 1.4603 on yesterday, before pushing above the 1.47 mark to 1.4730 overnight. Intraday resistance is seen at 1.4740/50 followed by 1.4800 and 1.4860. Current Read More
Wednesday 09.24.2008
EURUSD Trading strategy: stand aside The Euro holds its recent gains above the 1.46 mark and the daily momentum remains bullish. The gains may extend forward towards the highs into the 1.4860 region if yesterday’s decline to 1.4620 is only a retracement. The retracement scenario remains valid while the Euro doesn’t fall below the 1.4540/50 Read More
Tuesday 09.23.2008
EURUSD Trading strategy: small long at 1.4640, initial stop at 1.4600, objective at 1.4730. Adjust stop to breakeven on +30 pips (at 1.4670) if reached. The 1.5 zone is back on focus after yesterday’s rally of 430 points. The bias for the US dollar this week remains bearish and the Euro recovery is likely to Read More
Monday 09.22.2008
EURUSD Trading strategy: small long at 1.4350, initial stop at 1.4310, objective at 1.4420. Adjust stop to breakeven on +30 pips (at 1.4380) if reached. The Euro is stronger and it recovered some of its recent losses on Friday, after an impressive rally of 340 points. Strong resistance is formed into the 1.4570 region and Read More
Friday 09.19.2008
EURUSD Trading strategy: stand aside The Euro is softer vs the US dollar today, testing bids near the 1.4200 mark. The dollar may advance forward while the market is focused on financial sector stability and coordinated central bank action. Minor support is seen at 1.4200 backed by 1.4150 and 1.4090. Resistance starts at 1.4300 followed Read More
Thursday 09.18.2008
EURUSD Trading strategy: stand aside The Euro is advancing higher vs the US dollar, testing offers around the 1.4380 mark a bit earlier today. The market remains violent as the extreme volatility is causing moves of 250+ points a day. Intraday support is seen at 1.4300 backed by 1.4200 and 1.4090. Resistance starts at 1.4390 Read More
Wednesday 09.17.2008
EURUSD Trading strategy: small short at 1.4345, initial stop at 1.4385, objective at 1.4285. Adjust stop to breakeven on +30 pips (at 1.4315) if reached. The Euro recovers after yesterday’s decline, now testing offers around the 1.42 mark. Large moves on both sides are expected until the financial markets turbulence will get to an end. Read More
Tuesday 09.16.2008
EURUSD Trading strategy: stand aside The Euro found interim support at 1.4175 after trading in a 400 pips range on yesterday. Support is also formed at 1.4055 and 1.3880 while resistance starts at 1.4300 followed by 1.4350 and 1.4480. Both daily and hourly studies are bearish but the Euro has to fall below 1.4055 in Read More
Monday 09.15.2008
EURUSD Trading strategy: stand aside The Euro is recovering some lost ground, bringing the 1.45 area on focus. Near term resistance is formed at 1.4500 followed by 1.4570 and 1.4630. Support is seen at 1.4350, 1.4310 and 1.4230. The current recovery is normal and doesn’t affect the mid-term bearish sentiment. On an intra-day basis, a Read More
Friday 09.12.2008
EURUSD Trading strategy: small short at 1.4130, initial stop at 1.4170, objective at 1.4065. Adjust stop to breakeven on +30 pips (at 1.4100) if reached. The US dollar remains stronger against the Euro on a short term basis although the Euro recovered on yesterday, closing above the 1.4 mark. Intraday momentum is slightly bullish and Read More
Thursday 09.11.2008
EURUSD Trading strategy: small short at 1.4065, initial stop at 1.4105, objective at 1.4005. Adjust stop to breakeven on +30 pips (at 1.4035) if reached. The Euro dropped another 200 points vs the US dollar on yesterday, as the greenback continues to gain significant ground across the board. The Euro now trades below the 1.4 Read More
Wednesday 09.10.2008
EURUSD Trading strategy: stand aside Having bounced from the 1.4050 support zone brings pressure on the upside, as the Euro may continue to recover a bit versus the US dollar. However, the downside remains on focus despite the current pullback and more selling interest should emerge on the topside, towards the 1.43 region and higher, Read More
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