EURUSD Trading strategy: stand aside Downside is under pressure today ahead of the NFP data release. Important daily support is emerging at 1.2700/05 and a potential break will most likely encourage further decline towards next objective at 1.2550. Daily momentum is bearish and a break above 1.2920 is needed to suggest the near term sentiment Read More
Thursday 02.05.2009
EURUSD Trading strategy: stand aside The Euro failed to maintain an upside bias on yesterday and declined to 1.2800, erasing the 260 points it managed to gain on Tuesday. Minor support is now seen at 1.2800 backed by a more important barrier at 1.2705 and 1.2550. On the upside, resistance emerges at 1.2920 followed by Read More
Wednesday 02.04.2009
EURUSD Trading strategy: small long at 1.2885, initial stop at 1.2845, objective at 1.2985. Adjust stop to breakeven on +30 pips (at 1.2915) if reached. The Euro got a boost on yesterday, clearing the fib resistance into the 1.3015 zone, trading as high as 1.3070 earlier today. Next resistance is eyed at 1.3090, formed by Read More
Tuesday 02.03.2009
EURUSD Trading strategy: small short at 1.3000, initial stop at 1.3040, objective at 1.2900. Adjust stop to breakeven on +30 pips (at 1.2970) if reached. Daily momentum remains bearish as the Euro is too weak to focus on the upside barriers at 1.2950 and 1.3000/15. A sustained break of 1.3015 is needed to confirm the Read More
Monday 02.02.2009
EURUSD Trading strategy: small short at 1.2860, initial stop at 1.2900, objective at 1.2760. Adjust stop to breakeven on +30 pips (at 1.2830) if reached. The downside is under pressure as the Euro tests fresh lows below last month’s bottom at 1.2765. Current breach of the said level signals a resume of the downtrend and Read More
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