EURUSD Trading strategy: small short at 1.4220, initial stop at 1.4260, objective at 1.4160. Adjust stop to breakeven on +30 pips (at 1.4190) if reached. The Euro fell on yesterday to a new downtrend low at 1.4050, breaching the support at 1.4200. Resistance emerges now at 1.4160 followed by 1.4200 and 1.4270. Support starts at Read More
Monday 09.08.2008
EURUSD Trading strategy: stand aside The Euro recovered after testing bids at 1.4200 on Friday, but the downside remains on focus while resistance into the 1.4550 region holds. The daily studies are bearish while the hourlies are slightly bullish at the time of this writing. The current decline started at 1.4420 is likely to continue Read More
Friday 09.05.2008
EURUSD Trading strategy: small short at 1.4375, initial stop at 1.4415, objective at 1.4310. Adjust stop to breakeven on +30 pips (at 1.4345) if reached. The Euro advanced lower versus the US dollar, breaking long term support at 1.4365 formed by January’s low. Trading below 1.4300 and 1.4365 indicates a selloff signal towards fresh downtrend Read More
Thursday 09.04.2008
EURUSD Trading strategy: stand aside The Euro recovered on yesterday after testing bids into the 1.4390 zone. Minor resistance is seen at 1.5430/40 and a sustained break should encourage further gains towards next barrier at 1.4590/00. Large moves across the board are possible today due to ECB’s rate decision. The downside remains on focus and Read More
Wednesday 09.03.2008
EURUSD Trading strategy: small short at 1.4540, initial stop at 1.4590, objective at 1.4490. Adjust stop to breakeven on +30 pips (at 1.4510) if reached. The Euro continues to drop and support at 1.4470 has been broken during today’s Asian session, reaching lows at 1.4410 which is the current near term support. Below 1.4410, support Read More
Tuesday 09.02.2008
EURUSD Trading strategy: small short at 1.4650, initial stop at 1.4690, objective at 1.4590. Adjust stop to breakeven on +30 pips (at 1.4620) if reached. The downside is under pressure since the support at 1.4570 failed to hold and the next important barrier at 1.4470/80 may be aimed during the upcoming trading sessions. On the Read More
Monday 09.01.2008
EURUSD Trading strategy: small short at 1.4700, initial stop at 1.4740, objective at 1.4650. Adjust stop to breakeven on +30 pips (at 1.4670) if reached. The Euro continues to trade with a heavy tone versus the US dollar and the lower part of the 1.63 zone is under pressure at the time of this writing. Read More
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