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Archive for March, 2009

All entries filed under this archive


Tuesday 03.31.2009
no responses - Posted 03.31.09
EURUSD Trading strategy: small short at 1.3405, initial stop at 1.3445, objective at 1.3330. Adjust stop to breakeven on +30 pips (at 1.3375) if reached. Euro's decline continued on yesterday and bids near key support at 1.3100 have been tested, before recovering to 1.3273, erasing yesterday's losses of 170 points. Minor ...continue
Monday 03.30.2009
no responses - Posted 03.30.09
EURUSD Trading strategy: small long at 1.3075, initial stop at 1.3035, objective at 1.3175. Adjust stop to breakeven on +30 pips (at 1.3105) if reached. Downside is under pressure today after the euro lost 330 points against the dollar on Friday, extending losses today to as low as 1.3180. Next important ...continue
Friday 03.27.2009
no responses - Posted 03.27.09
EURUSD Trading strategy: stand aside The Euro lacks direction and continues to consolidate below the 1.36 mark after another failed attempt to stabilize higher on yesterday. First intra-day support is seen at 1.3500/05 - 61.8% retracement of Wednesday's trading range - confirmed on yesterday's pullback from 1.3640 topside. Below 1.3500/05, other barriers are ...continue
Thursday 03.26.2009
no responses - Posted 03.26.09
EURUSD Trading strategy: small long at 1.3620, initial stop at 1.3580, objective at 1.3720. Adjust stop to breakeven on +30 pips (at 1.3650) if reached. The support into the 1.3420 zone has proved to be stable and the Euro recovered on yesterday, surmounting the intra-day resistance on the 1.3600 mark to as high ...continue
Wednesday 03.25.2009
no responses - Posted 03.25.09
EURUSD Trading strategy: small long at 1.3245, initial stop at 1.3205, objective at 1.3345. Adjust stop to breakeven on +30 pips (at 1.3275) if reached. The Euro continued to retrace on yesterday, testing bids into the 1.3430 zone, switching focus towards bearish objective at 1.3330. Minor support is formed into the 1.3415/30 zone ...continue
Tuesday 03.24.2009
no responses - Posted 03.24.09
EURUSD Trading strategy: small short at 1.3885, initial stop at 1.3925, objective at 1.3785. Adjust stop to breakeven on +30 pips (at 1.3855) if reached. The Euro continues to consolidate below the 1.3740/50 resistance, testing bids on the downside to as low as 1.3485 on yesterday. The drop is over as the Euro ...continue
Monday 03.23.2009
no responses - Posted 03.23.09
EURUSD Trading strategy: small short at 1.3850, initial stop at 1.3890, objective at 1.3750. Adjust stop to breakeven on +30 pips (at 1.3820) if reached. Upside is under renewed pressure as the Euro opened higher today, after pulling back to 1.3515 on Friday. First support level is seen at 1.3600 backed by ...continue
Friday 03.20.2009
no responses - Posted 03.20.09
EURUSD Trading strategy: small long at 1.3700, initial stop at 1.3660, objective at 1.3800. Adjust stop to breakeven on +30 pips (at 1.3730) if reached. Dollar's weakness intensifies across the board and the Euro gained 320 points on yesterday, breaking above resistance at 1.3590 - median retracement level of the 1.4720-1.2455 move. Near ...continue
Thursday 03.19.2009
no responses - Posted 03.19.09
EURUSD Trading strategy: small long at 1.3260, initial stop at 1.3220, objective at 1.3360. Adjust stop to breakeven on +30 pips (at 1.3290) if reached. The Euro has reached the 1.35 zone earlier than expected, on yesterday's 540 points rally. Key resistance formed by the median retracement of the large 1.4720-1.2455 ...continue
Wednesday 03.18.2009
no responses - Posted 03.18.09
EURUSDTrading strategy: stand asideThe euro maintains its bid tone against the dollar ahead of the Fed's Interest Rate Decision later today, which is widely expected to hold the benchmark interest rate steady at 0.25%. Yesterday's close above the 1.3 handle may stimulate further upside action, aiming towards first important resistance ...continue


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