EURUSD Trading strategy: stand aside The Euro failed to hold above the 1.3080 support zone on yesterday and the downside is under solid pressure as the pair trades below the psychological barrier of 1.3000. Short term sentiment is bearish and a break below support region of 1.2760-1.2800 will confirm the resume of the decline started Read More
Thursday 01.29.2009
EURUSD Trading strategy: stand aside The Euro has topped at 1.3328 on yesterday and pulled towards daily support at 1.3080. The short-term momentum remains bullish despite current decline but downside pressure is high and a break past resistance into the 1.3150 region is needed to resume uptrend. On the lower side, support emerges at 1.3000 Read More
Wednesday 01.28.2009
EURUSD Trading strategy: stand aside The Euro is currently consolidating recent gains maintaining a bullish bias. Near term resistance is seen at 1.3280 and 1.3380 and a potential break will most likely extend gains towards 1.3550. On the downside, support is seen at 1.3100 and the daily studies will remain bullish while the said support Read More
Tuesday 01.27.2009
EURUSD Trading strategy: stand aside The Euro advanced past key upside barrier into the 1.3080 zone on yesterday, the 380 points rally suggesting that a trend reversal is in progress. The daily momentum is bullish and will remain this way while support at 1.3080 holds. Near term resistance is formed at 1.3280 by the 50% Read More
Monday 01.26.2009
EURUSD Trading strategy: stand aside Downside is back on focus although the Euro recovered on Friday after reaching a fresh multi-week low at 1.2765. Support is seen into the 1.2860 zone backed by Friday’s low at 1.2765 then 1.2550/60 lower. On the upside, resistance emerges at 1.2960 and a break is needed to resume Friday’s Read More
Friday 01.23.2009
EURUSD Trading strategy: stand aside The downside is under renewed pressure as the Euro failed to climb past recent resistance region of 1.3080-1.3100. Important support formed by a rising trendline is seen into the 1.2850 zone and a potential break will probably accelerate a decline towards the 1.2550/60 zone. On the upside, key intra-day resistance Read More
Thursday 01.22.2009
EURUSD Trading strategy: stand aside Current recovery confirms the strong support into the 1.2830/50 region as the Euro got a boost towards the 1.3100 resistance zone on yesterday. Although it has recovered most of Tuesday’s losses, stable support has to be formed above the 1.3020 mark in order to strengthen the short-term momentum which is Read More
Wednesday 01.21.2009
EURUSD Trading strategy: small short at 1.3090, initial stop at 1.3130, objective at 1.2990. Adjust stop to breakeven on +30 pips (at 1.3060) if reached. The Euro trades below the 1.3 mark as the overnight recovery to 1.3020 has been short-lived. Momentum is steadily bearish on both hourly and daily charts. Important support formed by Read More
Tuesday 01.20.2009
EURUSD Trading strategy: small short at 1.3150, initial stop at 1.3190, objective at 1.3050. Adjust stop to breakeven on +30 pips (at 1.3120) if reached. The Euro trades near session lows into the 1.2940 region, after yesterday’s decline of 320 points. Downside is back on focus after the failed attempt on establishing support into the Read More
Monday 01.19.2009
EURUSD Trading strategy: small short at 1.3520, initial stop at 1.3560, objective at 1.3420. Adjust stop to breakeven on +30 pips (at 1.3490) if reached. The Euro rose into the mid 1.33 region on Friday, recovering some of its recent losses. The daily studies remain bearish and key resistance is formed at 1.3380, followed by Read More
Friday 01.16.2009
EURUSD Trading strategy: small short at 1.3540, initial stop at 1.3590, objective at 1.3440. Adjust stop to breakeven on +30 pips (at 1.3510) if reached. The Euro has reached lows into the 1.3025 region on yesterday, suggesting that a breach of key support into the 1.3080-1.3100 zone is highly possible, but reversed and climbed to Read More
Thursday 01.15.2009
EURUSD Trading strategy: small short at 1.3090, initial stop at 1.3130, objective at 1.3000. Adjust stop to breakeven on +30 pips (at 1.3060) if reached. The Euro is trading lower ahead of ECB Interest Rate Decision today, as a cut of 50 bps being expected. Support at 1.3100 is still intact but on focus and Read More
Wednesday 01.14.2009
EURUSD Trading strategy: small short at 1.3405, initial stop at 1.3445, objective at 1.3305. Adjust stop to breakeven on +30 pips (at 1.3375) if reached. Downside remains under pressure as the Euro has reached intra-day lows at 1.3140 on yesterday. Current recovery to 1.3300 is rather corrective and the decline is likely to resume within Read More
Tuesday 01.13.2009
EURUSD Trading strategy: stand aside The Euro is currently testing bids below the 1.3280 support, formed by the 61.8% retracement of the 1.2390-1.4720 move. The selling may accelerate towards next important support which is seen at 1.3100 and below, on the 1.3 mark. Both intra-day and daily studies are bearish and a change on daily Read More
Monday 01.12.2009
EURUSD Trading strategy: small short at 1.3550, initial stop at 1.3590, objective at 1.3455. Adjust stop to breakeven on +30 pips (at 1.3520) if reached. The Euro declined versus the greenback on Friday, falling below support at 1.3550. Short-term studies maintain their bearish bias and next downside target is seen at 1.3280, the 61.8% retracement Read More
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