EURUSD Trading strategy: stand aside The Euro trades around the 1.4000 mark, below resistance at 1.4125 which could not be cleared on yesterday. Hourly momentum is slightly bullish but a sustained break of 1.4125 is needed to signal an end of current pullback. Important resistance is also seen at 1.4270. On the lower side, support Read More
Monday 12.22.2008
EURUSDTrading strategy: stand asideThe Euro currently recovers after the large retracement which occured on Friday. First resistance is seen at around 1.4150 followed by 1.4260 and 1.4450. On the downside, minor support is seen at 1.4000 backed by 1.3900 and 1.3840. Key support is seen lower, at 1.3635, formed by the 50% retracement of the Read More
Friday 12.19.2008
EURUSD Trading strategy: small short at 1.4150, initial stop at 1.4190, objective at 1.4050. Adjust stop to breakeven on +30 pips (at 1.4120) if reached. Downside is under pressure as the Euro pulled back 500 points after testing 1.4700 on yesterday. The lower close after reaching a multi-week high on yesterday suggests that a correction Read More
Thursday 12.18.2008
EURUSD Trading strategy: small long at 1.4065, initial stop at 1.4025, objective at 1.4165. Adjust stop to breakeven on +30 pips (at 1.4095) if reached. The Euro continued its rally against the dollar, reaching fresh highs at 1.4495 before pulling back 100 points. Key resistance at 1.4185 has been cleared out on yesterday and next Read More
Wednesday 12.17.2008
EURUSD Trading strategy: small long at 1.3880, initial stop at 1.3840, objective at 1.3980. Adjust stop to breakeven on +30 pips (at 1.3910) if reached. The Euro rallied on yesterday against the greenback, reaching the 50% retracement of the 1.6035-1.2324 move at 1.4180. The upside should remain under pressure especially if the Euro manages to Read More
Tuesday 12.16.2008
EURUSD Trading strategy: small long at 1.3580, initial stop at 1.3540, objective at 1.3680. Adjust stop to breakeven on +30 pips (at 1.3610) if reached. Bullish momentum continues to develop as the Euro is extending its gains above the 1.3600 mark which was a key medium term resistance. Holding above the said level, the upside Read More
Monday 12.15.2008
EURUSD Trading strategy: small long at 1.3335, initial stop at 1.3295, objective at 1.3405. Adjust stop to breakeven on +30 pips (at 1.3365) if reached. The upside is under pressure as the Euro climbs higher, testing offers on the 1.3500 handle earlier today. Major medium term resistance is seen at 1.3600 formed by the 50% Read More
Friday 12.12.2008
EURUSD Trading strategy: small long at 1.3150, initial stop at 1.3110, objective at 1.3240. Adjust stop to breakeven on +30 pips (at 1.3180) if reached. The Euro rallied on yesterday, extending gains to as high as 1.3405. The 400 points upward move above key resistance levels on the 1.3 handle then 1.3080 and 1.3275/00 suggests Read More
Thursday 12.11.2008
EURUSD Trading strategy: small long at 1.2990, initial stop at 1.2950, objective at 1.3070. Adjust stop to breakeven on +30 pips (at 1.3020) if reached. The Euro continues to climb higher against the greenback, extending gains into the 1.3 zone. Key resistance at 1.3080 has been cleared out, strengthening the daily bullish structure. Next important Read More
Wednesday 12.10.2008
EURUSD Trading strategy: small long at 1.2930, initial stop at 1.2890, objective at 1.3030. Adjust stop to breakeven on +30 pips (at 1.2960) if reached. The Euro trades higher against the dollar, near yestrday’s high on the 1.3000 mark. Short-term bullish structure is intact and momentum gathers strength while the Euro is advancing higher and Read More
Tuesday 12.09.2008
EURUSD Trading strategy: small long at 1.2780, initial stop at 1.2740, objective at 1.2855. Adjust stop to breakeven on +30 pips (at 1.2810) if reached. The Euro is currently testing intraday support at 1.2855, retreating from the 1.2950 zone where key resistance could not be breached on yesterday. The daily studies are slightly bullish and Read More
Monday 12.08.2008
EURUSD Trading strategy: small long at 1.2740, initial stop at 1.2700, objective at 1.2820. Adjust stop to breakeven on +30 pips (at 1.2770) if reached. Resistance into the 1.2850 region is on focus as the Euro recovered Friday’s losses. Next upside barrier is seen at 1.2950, formed by a descending trendline started at 1.3300 on Read More
Friday 12.05.2008
EURUSD Trading strategy: small long at 1.2730, initial stop at 1.2690, objective at 1.2850. Adjust stop to breakeven on +30 pips (at 1.2760) if reached. The Euro has bounced to 1.2850 on yesterday, after testing support into the 1.2550-1.2575 region. The upside is back into play with resistance emerging at 1.2850 then at 1.2990, formed Read More
Thursday 12.04.2008
EURUSD Trading strategy: small long at 1.2400, initial stop at 1.2360, objective at 1.2490. Adjust stop to breakeven on +30 pips (at 1.2430) if reached. The Euro trades lower today ahead of the ECB interest rate decision at 12:45 GMT. Short term sentiment is mixed, support being formed at 1.2570 backed by a rising trendline Read More
Wednesday 12.03.2008
EURUSD Trading strategy: stand aside The Euro has climbed higher versus the US dollar on yesterday, testing resistance into the 1.2760 region, formed by the 50% retracement of the 1.2955-1.2560 swing. While holding below the said barrier, the downside should remain under pressure. Intraday support is formed into the 1.2655/65 zone. Hourly studies are slightly Read More
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