EURUSD Trading strategy: stand aside Downside is back under pressure as the Euro failed to hold its recent gains above the 1.2850 support. Next support is seen at 1.2620 then 1.2500 and 1.2330, lower. Daily momentum is now bearish, after the 3 days of recovery. The “pin bar” on the daily charts formed on yesterday Read More
Thursday 10.30.2008
EURUSD Trading strategy: stand aside The recovery continues and the Euro managed to break the 1.3 barrier, advancing higher to 1.33 before giving back some gains. Daily momentum is slightly bullish now, while holding above 1.3. Resistance is seen at 1.3300 followed by 1.3450 and 1.3600. Support starts at 1.3100 backed by 1.3 and 1.2850. Read More
Wednesday 10.29.2008
EURUSD Trading strategy: small short at 1.3040, initial stop at 1.3080, objective at 1.2940. Adjust stop to breakeven on +30 pips (at 1.3010) if reached. The Euro rallied on yesterday and reached highs at 1.2840, 500 points away from the daily low. The recovery brings pressure on the upside and next objective at 1.2900 is Read More
Tuesday 10.28.2008
EURUSD Trading strategy: small short at 1.2730, initial stop at 1.2770, objective at 1.2650. Adjust stop to breakeven on +30 pips (at 1.2700) if reached. The Euro recovered after reaching fresh lows at 1.2330 and first intraday resistance is seen at 1.2630 followed by 1.2730 and 1.29, higher. Downside pressure remains high and a daily Read More
Monday 10.27.2008
EURUSD Trading strategy: stand aside The Euro resumed the decline on Friday, falling to fresh lows into the 1.2495/00 region. Key support is seen into the 1.2450/70 zone, formed by a bottom of 2006 and the decline should accelerate fast if the said support won’t hold. On the upside, resistance emerges at 1.2660 followed by Read More
Friday 10.24.2008
EURUSD Trading strategy: stand aside Downside is under renewed pressure after testing offers on the 1.3 handle on yesterday. The Euro already lost its gains from yesterday and the decline is likely to accelerate lower once the support into the 1.2730/50 region will be cleared out. Both daily and intraday studies are bearish and support Read More
Thursday 10.23.2008
EURUSD Trading strategy: small short at 1.3, initial stop at 1.3040, objective at 1.2910. Adjust stop to breakeven on +30 pips (at 1.2970) if reached The Euro has found support at 1.2730 but the downside remains under pressure and a potential break will bring the lower objective at 1.2460 on focus. On the upside, intraday Read More
Wednesday 10.22.2008
EURUSD Trading strategy: small short at 1.3, initial stop at 1.3040, objective at 1.2910. Adjust stop to breakeven on +30 pips (at 1.2970) if reached. The Euro has come under renewed pressure extending losses into the 1.2740 region, below both 1.3 mark and last year’s low. Current scenario is extremely bearish for the Euro as Read More
Tuesday 10.21.2008
EURUSD Trading strategy: small short at 1.3400, initial stop at 1.3440, objective at 1.3330. Adjust stop to breakeven on +30 pips (at 1.3370) if reached. Downtrend resumed as the Euro closed lower on yesterday, bringing the 1.3250/60 support on focus. Minor resistance is seen at 1.3350 followed by 1.3400 and 1.3500/30. While below the 1.3400 Read More
Monday 10.20.2008
EURUSD Trading strategy: stand aside The Euro continues to consolidate below the 1.3515 resistance but a potential break higher could initiate a recovery towards the mid 1.37 region within the next trading sessions. The daily sentiment remains bearish while the hourly momentum is slightly bulish at the time of this report. Support is seen at Read More
Friday 10.17.2008
EURUSD Trading strategy: stand aside The Euro recovered some lost ground after testing bids on the 1.3350 handle on yesterday, now being supported by 1.3420, 1.3380 and 1.3350 on the intraday basis. Although the daily bias remains on the downside, current rebound to 1.35 favors extended gains which may aim towards resistance at 1.3550. Above Read More
Thursday 10.16.2008
EURUSD Trading strategy: small short at 1.3550, initial stop at 1.3590, objective at 1.3475. Adjust stop to breakeven on +30 pips (at 1.3520) if reached. The Euro trades lower and the downside is under renewed pressure today, after the 1.3450 support breach. Resistance is now seen at 1.3450 followed by 1.3540 and 1.3690/00 while on Read More
Wednesday 10.15.2008
EURUSD Trading strategy: small short at 1.3800, initial stop at 1.3840, objective at 1.3720. Adjust stop to breakeven on +30 pips (at 1.3770) if reached Near term momentum remains bearish despite yesterday’s rebound to 1.3770. The Euro has yet to build solid support above the 1.3690 mark in order to signal a change on the Read More
Tuesday 10.14.2008
EURUSD Trading strategy: small short at 1.3800, initial stop at 1.3840, objective at 1.3720. Adjust stop to breakeven on +30 pips (at 1.3770) if reached The Euro continues to trade slightly higher, around yesterday’s intraday highs. Daily resistance is set at 1.3690 followed by 1.3750 and 1.3780/00 higher. Key resistance is seen at 1.3880 formed Read More
Monday 10.13.2008
EURUSD Trading strategy: small short at 1.3880, initial stop at 1.3920, objective at 1.3800. Adjust stop to breakeven on +30 pips (at 1.3850) if reached. The Euro recovered after testing bids at 1.3260 on Friday and intraday bias is on the upside. A sustained break of resistance into the 1.3650 region may extend gains towards Read More
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