EURUSD Trading strategy: small short at 1.2650 on break of 1.2675, initial stop at 1.2690, objective at 1.2560. Adjust stop to breakeven on +30 pips (at 1.2620) if reached. The Euro failed to hold above the 1.2790 support on yesterday and declined into the 1.2650-1.2675 support region. Current recovery towards the intraday resistance at 1.2790 Read More
Thursday 11.06.2008
EURUSD Trading strategy: stand aside Current correction which followed the recent Euro rally keeps the pair below the 1.29 interim resistance but the daily momentum remains slightly bullish while holding above first support at 1.2790. Above 1.2900 should regain strength for a new test of 1.3050 later. Support backs 1.2790 at 1.2675 and 1.2525 while Read More
Wednesday 11.05.2008
EURUSD Trading strategy: stand aside The Euro traded higher versus the US dollar on yesterday, testing offers at 1.3050 before pulling back to the 50% retracement of yesterday’s upward move, at 1.2790. Volatility remains very high this week as the pair traded into a range of 520 points on yesterday, the 10 days range average Read More
Tuesday 11.04.2008
EURUSD Trading strategy: small short at 1.2740, initial stop at 1.2780, objective at 1.2640. Adjust stop to breakeven on +30 pips (at 1.2710) if reached. The Euro continues to trade lower against the greenback and yesterday’s fall below the support region of 1.2660-1.2700 signals a change in near term momentum, resuming downtrend. Next support is Read More
Monday 11.03.2008
EURUSD Trading strategy: stand aside The Euro recovers some ground after finding support at 1.2700, the 61.8% retracement of the 1.2330-1.3297 move. Minor intraday support is also seen at 1.2815 while on the upside, resistance starts at 1.2925 followed by 1.3 and 1.3110. The daily studies are slightly bullish and will remain so while holding Read More
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