EURUSD Trading strategy: stand aside Upside is under pressure as the Euro has reached a higher high on yesterday, climbing towards first important resistance level at 1.3840. A sustained break above the said barrier will most likely trigger some short-covering, pushing towards the 1.4 mark for a later test. Minor support is now seen at Read More
Thursday 01.08.2009
EURUSD Trading strategy: small short at 1.3830, initial stop at 1.3870, objective at 1.3730. Adjust stop to breakeven on +30 pips (at 1.3800) if reached The Euro recovered on yesterday, testing offers near 1.3750 before pulling back to 1.3560. On an intra-day basis, the upside may remain under pressure but the daily studies are bearish Read More
Wednesday 01.07.2009
EURUSD Trading strategy: small short at 1.3830, initial stop at 1.3870, objective at 1.3730. Adjust stop to breakeven on +30 pips (at 1.3800) if reached. The Euro has slipped on yesterday to 1.3312 against the greenback before recovering to 1.3545 which is the first intraday upside barrier for now. Above 1.3545/50, other resistance levels are Read More
Tuesday 01.06.2009
EURUSD Trading strategy: small short at 1.3370, initial stop at 1.3410, objective at 1.3270. Adjust stop to breakeven on +30 pips (at 1.3340) if reached. Euro’s decline extends below short-term support at 1.3635 opening a potential move lower towards 1.3377, the 61.8% retracement of the 1.2548-1.4719 upward swing. Daily studies remain bearish while holding below Read More
Monday 01.05.2009
EURUSD Trading strategy: stand aside Downside is under pressure while the Euro trades below the 1.4 mark. Intra-day support is seen at 1.3830 backed by key support at 1.3640 formed by the 50% retracement of the 1.2550-1.4733 move. Daily studies are slightly bearish while the hourlies are mixed at the time of this writing. A Read More
Warning: All the information on this site is provided "as is" for INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY, not intended for trading purposes or advice.
Bear in mind that you are the only one responsible for your own trades. If you follow anyone else expecting to replicate his results, then you are doing something wrong.
Forex Trading is speculative, involves significant risk of loss and is not suitable for everyone (Full Disclaimer) - (Terms of Use)
This work by innerfx.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at http://www.innerfx.com/terms-of-use.