EURUSD Trading strategy: stand aside The Euro trades in a narrow range below the 1.3 mark, consolidating recent gains and volatility will probably remain low today. Minor resistance is seen at 1.2970 followed by 1.3080/00 and 1.3125. On the downside, support is seen at 1.2880 backed by 1.2800/15 and 1.2680. Both daily and intraday studies Read More
Thursday 11.27.2008
EURUSD Trading strategy: stand aside The retreat from above the 1.3 mark is corrective, so far, as the daily studies remain bullish. Intraday resistance is formed by yesterday’s support at 1.2925 which could not be broken after several tests today. Above 1.2925, resistance emerges at 1.3 then 1.3080/00 and 1.3260. Support is seen at 1.2800/15 Read More
Wednesday 11.26.2008
EURUSD Trading strategy: small long at 1.2815, initial stop at 1.2775, objective at 1.2915. Adjust stop to breakeven on +30 pips (at 1.2845) if reached. The Euro continues to advance higher against the greenback, testing offers near the 1.31 mark on yesterday. Daily sentiment is bullish, favoring extended gains which may bring key resistance at Read More
Tuesday 11.25.2008
EURUSD Trading strategy: small long at 1.2700, initial stop at 1.2660, objective at 1.2800. Adjust stop to breakeven on +40 pips (at 1.2740) if reached. Strengthening across the board, the Euro trades higher versus the greenback, testing resistance at 1.2925/50 on yesterday. A sustained break of the said resistance will suggest further upside action, exiting Read More
Monday 11.24.2008
EURUSD Trading strategy: stand aside The Euro trades on the upside, pushing towards the resistance at 1.2700 which is followed by 1.2825 and 1.2925 higher. Daily sentiment is slightly bullish but has to be confirmed by a sustained break of resistance at 1.2810/25. Support is seen at 1.2575 backed by 1.2500 and 1.2420. Hourly studies Read More
Friday 11.21.2008
EURUSD Trading strategy: small short at 1.2620, initial stop at 1.2660, objective at 1.2540. Adjust stop to breakeven on +30 pips (at 1.2590) if reached. The downside is under renewed pressure as the Euro reached daily lows at 1.2420, only 90 points away from the recent yearly low at 1.2330. Resistance is seen at 1.2575 Read More
Thursday 11.20.2008
EURUSD Trading strategy: small short at 1.2635, initial stop at 1.2675, objective at 1.2555. Adjust stop to breakeven on +30 pips (at 1.2605) if reached. The Euro declined on yesterday after the failed test of the 1.2800 resistance, reaching lows at 1.2470 which is the first intraday support now, backed by 1.2395 and 1.2330/35. Upside Read More
Wednesday 11.19.2008
EURUSD Trading strategy: small short at 1.2965, initial stop at 1.3005, objective at 1.2865. Adjust top to breakeven on +40 pips (at 1.2925) if reached The Euro continues to consolidate into a narrow range, closing slightly lower versus the greenback on yesterday. Intraday support is seen at 1.2525 backed by 1.2420 and recent bottom at Read More
Tuesday 11.18.2008
EURUSD Trading strategy: small short at 1.2965, initial stop at 1.3005, objective at 1.2865. Adjust top to breakeven on +40 pips (at 1.2925) if reached. The climb to 1.2740 on yesterday doesn’t provide any clue regarding further price action as the Euro continues to consolidate and look for direction. Intraday resistance is formed at 1.2740 Read More
Monday 11.17.2008
EURUSD Trading strategy: small short at 1.2685, initial stop at 1.2725, objective at 1.2600. Adjust stop to breakeven on +30 pips (at 1.2655) if reached. The Euro failed to hold its Friday gains over the weekend and reached lows into the 1.2525 support zone earlier today. First resistance is seen at 1.2625 followed by 1.2685 Read More
Friday 11.14.2008
EURUSD Trading strategy: small long at 1.2645, initial stop at 1.2605, objective at 1.2745. Adjust stop to breakeven on +40 pips (at 1.2685) if reached. The Euro rallied on yesterday, recovering 460 points after testing bids at 1.2390, forming a reversal pattern on the daily studies. The upside is now on focus as long as Read More
Thursday 11.13.2008
EURUSD Trading strategy: small long at 1.2202, initial stop at 1.2162, objective at 1.2322. Adjust stop to breakeven on +40 pips (at 1.2242) if reached. Interim support on the 1.2400 mark is on focus at the time of this report. Key support formed by recent lows at 1.2330/35 is seen a bit lower and a Read More
Wednesday 11.12.2008
EURUSD Trading strategy: small short at 1.2670, initial stop at 1.2710, objective at 1.2600. Adjust stop to breakeven on +30 pips (at 1.2640) if reached. The downside break out of the triangle formation renews the bearish bias and the Euro may fall lower towards the key support at 1.2335, if current resistance region of 1.2650-1.2675 Read More
Tuesday 11.11.2008
EURUSD Trading strategy: stand aside The Euro has failed to breach the resistance at 1.2900 on yesterday and collapsed, filling the weekend’s gap and also testing support at 1.2675. Since support at 1.2675 is intact, the daily momentum is still bullish but losing strength. Below the said support should resume downtrend and aim towards 1.2525. Read More
Monday 11.10.2008
EURUSD Trading strategy: stand aside The Euro aims slightly higher today testing resistance on the 1.2900 handle, maintaining the bullish structure intact on the daily charts. While trading above the 1.2675 support, upside bias should remain stable and a potential rally to 1.3050 may occur if 1.2900 breaks. Support is seen at 1.2790 backed by Read More
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