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 resistance is emerging at Read More
Monday 03.30.2009
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 support is seen at Read More
Friday 03.27.2009
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 noticed at 1.3415/30 Read More
Thursday 03.26.2009
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 as 1.3650 which Read More
Wednesday 03.25.2009
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 backed by the Read More
Tuesday 03.24.2009
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 recovered to 1.3670 Read More
Monday 03.23.2009
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 Friday’s low at Read More
Friday 03.20.2009
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 term resistance is Read More
Thursday 03.19.2009
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 move comes at 1.3590, Read More
Wednesday 03.18.2009
EURUSD Trading strategy: stand aside The 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 at 1.3070/90. Other Read More
Tuesday 03.17.2009
EURUSD Trading strategy: stand aside Holding steady against the greenback, the Euro seem ready to overcome the resistance formed into the 1.3080/90 region by February’s high. Above the said level, renewed gains will probably extend towards a minor top of January around 1.3330 and maybe to 1.3590 within the current month. Key medium term resistance Read More
Monday 03.16.2009
EURUSD Trading strategy: small short at 1.3100, initial stop at 1.3140, objective at 1.3010. Adjust stop to breakeven on +30 pips (at 1.3070) if reached. The Euro consolidates gains above 1.2850 since Thursday, trading near important resistance at 1.2990 at the time of this writing. The daily momentum is bullish and a potential break above Read More
Friday 03.13.2009
EURUSD Trading strategy: stand aside The Euro holds steady near the 1.3000 mark, keeping the upside under pressure. Important short-term resistance levels are formed at 1.2990/00 followed by 1.3090, highs of February. Above the said levels, the Euro may accelerate gains towards 1.3590, median resistance of last downleg from 1.4720 to 1.2455.The daily studies are Read More
Thursday 03.12.2009
EURUSD Trading strategy: stand aside The Euro resumed uptrend on yesterday and reached fresh highs into the 1.2865/70 zone. Current pullback to as low as 1.2760 at the time of this writing doesn’t affect the daily sentiment which remains slightly bullish as long as the Euro holds above the 1.2700 mark. Below the said level, Read More
Wednesday 03.11.2009
EURUSD Trading strategy: small long at 1.2700, initial stop at 1.2660, objective at 1.2800. Adjust stop to breakeven on +30 pips (at 1.2730) if reached. The Euro falls vs the greenback after the failed attempt to establish support above resistance region of 1.2750. The rally to 1.2820 has certainly weakened the upside barriers at 1.2750 Read More
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