EURUSD Trading strategy: small long at 1.2480, initial stop at 1.2440, objective at 1.2580. Adjust stop to breakeven on +30 pips (at 1.2510) if reached. The Euro maintains a neutral stance on short-term basis, trading at 50 points above daily support formed by 1.2660. Intra-day studies are bearish at the time of this writing and Read More
Thursday 02.26.2009
EURUSD Trading strategy: stand aside The Euro is heading back towards support zone at 1.2670 as it failed to hold gains above the 1.2800 mark on yesterday. Downside bias favors further decline especially if the key support at 1.2670 will be cleared out within the upcoming trading sessions. Upside barriers are emerging now at 1.2750/60 Read More
Wednesday 02.25.2009
EURUSD Trading strategy: stand aside Intra-day support is now formed at 1.2800 as the Euro recovered on yesterday, testing offers at 1.2880. If the recovery continues, a sustained break of 1.2990 and 1.3075/90 key resistance will be favored and the uptrend will be confirmed. On the lower side, support backs 1.2800 at 1.2750, 1.2670 and Read More
Tuesday 02.24.2009
EURUSD Trading strategy: stand aside The Euro backed off from resistance at 1.2990 and found intra-day support at 1.2670. Resistance starts now at 1.2810/30 followed by 1.2900 and 1.2990/00. Support is seen at 1.2670 backed by 1.2570 and 1.2515. Daily momentum has lost strength and it is slightly negative as the Euro has failed to Read More
Monday 02.23.2009
EURUSD Trading strategy: stand aside Daily momentum is slightly bullish due to the 400 points recovery from 1.2515 and resistance emerges at 1.2990/00 followed by a more important barrier into the 1.3075/90 zone. Hourly studies are positive as the Euro gained 170 points today. Support starts at 1.2890 backed by 1.2800/10 and 1.2720/50. Upside may Read More
Friday 02.20.2009
EURUSD Trading strategy: stand aside The Euro recovered on yesterday but upside has been limited by the resistance region of 1.2720/50 and pulled back into the 1.2580 zone where bids are tested at the time of this writing. Daily sentiment remains bearish as a break above 1.2890 is needed to confirm a reversal. Support emerges Read More
Thursday 02.19.2009
EURUSD Trading strategy: small short at 1.2805, initial stop at 1.2845, objective at 1.2715. Adjust stop to breakeven on +30 pips (at 1.2775) if reached. Support at 1.2540/50 is intact as the Euro managed to hold above it on yesterday but downside pressure remains high and a resume of the downtrend could accelerate losses below Read More
Wednesday 02.18.2009
EURUSD Trading strategy: small short at 1.2720, initial stop at 1.2760, objective at 1.2620. Adjust stop to breakeven on +30 pips (at 1.2690) if reached. Support region of 1.2550 has been tested and remained intact for now but downside pressure is high while trading below 1.2700. Next upside barriers are seen at 1.2800 and 1.2890/00. Read More
Tuesday 02.17.2009
EURUSD Trading strategy: stand aside Support into the 1.2540/50 zone is on focus today as the Euro failed to hold above the 1.27 mark. Both intra-day and daily studies are bearish and a break below 1.2540/50 could extend losses towards 1.2330 which is a medium term downside barrier. On the upside, resistance emerges at 1.2700 Read More
Monday 02.16.2009
EURUSD Trading strategy: small short at 1.2890, initial stop at 1.2930, objective at 1.2790. Adjust stop to breakeven on +30 pips (at 1.2860) if reached. The week starts by trading lower as the downside is under renewed pressure since breaking below 1.2850 support. Important support is formed at 1.2700/05 and a break may extend losses Read More
Friday 02.13.2009
EURUSD Trading strategy: stand aside The Euro is back above support into the 1.2850 region as the support into the lower half of the 1.27 zone has been tested on yesterday. Short term studies remain neutral and a break above 1.3070 is needed to confirm the development of a bullish structure. While trading into the Read More
Thursday 02.12.2009
EURUSD Trading strategy: stand aside Resistance at 1.3000 has been tested on yesterday before pulling back into the mid 1.28 region. Intra-day studies are slightly bullish at the time of this writing and a new test of 1.3000 barrier is possible. Above 1.3000, stronger resistance is formed into the 1.3070/90 zone and a sustained break Read More
Wednesday 02.11.2009
EURUSD Trading strategy: stand aside Daily sentiment maintains a neutral stance after the Euro has switched direction, tripping the downside after the failed attempt to climb past resistance zone of 1.3070/90. Interim support was found on the 1.2800 handle and if it holds, a recovery may occur, focusing on the same near-term resistance area of Read More
Tuesday 02.10.2009
EURUSD Trading strategy: stand aside The Euro pulled back into support zone of 1.2800/10 after testing resistance at 1.3070/90 on yesterday. Daily sentiment remains neutral although the Euro got a chance to start developing a bullish structure on yesterday but a close above the 1.3070/90 resistance is needed. Interim resistance is emerging at 1.2920 followed Read More
Monday 02.09.2009
EURUSD Trading strategy: stand aside The Euro reached offers at 1.2990 after the NFP report on Friday. However, the recovery is not large enough to suggest a trend reversal as a break above 1.3330 is needed. Until 1.3330 will be eventually reached, interim resistance is formed at 1.3070. On the downside, support starts at 1.2850 Read More
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