EURUSD Trading strategy: small short at 1.2865, initial stop at 1.2905, objective at 1.2765. Adjust stop to breakeven on +30 pips (at 1.2835) if reached. The Euro extends rally to session highs into the 1.2720 region, eyeing Friday’s top at 1.2750. Daily momentum is slightly bullish but a confirmation of the uptrend will occur on Read More
Monday 03.09.2009
EURUSD Trading strategy: small long at 1.2515, initial stop at 1.2475, objective at 1.2615. Adjust stop to breakeven on +30 pips (at 1.2545) if reached. Intra-day support into the 1.2630 region is being tested at the time of this writing, as the Euro pulled back from 1.2730/50. Below 1.2615/30 support zone, weakness may intensify favoring Read More
Friday 03.06.2009
EURUSD Trading strategy: stand aside Upside is under pressure ahead of the NFP data release today and the Euro managed to recover after dipping to 1.2480 on yesterday. Minor resistance into the 1.2650/60 region has been cleared out and it looks like the barrier into the 1.2680/00 zone is being breached too, at the time Read More
Thursday 03.05.2009
EURUSD Trading strategy: stand aside The Euro is pulling back from the 1.2660 region where it topped on yesterday and the downside may remain under pressure ahead of the ECB expected rate cut today. Hourly momentum is bearish at the time of this report and intra-day support is seen at 1.2540/55, backed by 1.2450/55 and Read More
Wednesday 03.04.2009
EURUSD Trading strategy: small short at 1.2640, initial stop at 1.2680, objective at 1.2540. Adjust stop to breakeven on +30 pips (at 1.2610) if reached. Fresh intra-day lows have been reached after the short-lived recovery to 1.2675 on yesterday. The decline to 1.2450 brings last year’s lows under pressure and a potential break below 1.2420 Read More
Tuesday 03.03.2009
EURUSD The Euro recovers to the first intra-day resistance at 1.2675/80 formed by the 50% retracement of the 1.2810-1.2540 move. Above the said resistance will strengthen momentum and favor extended gains to 1.2800/10 and maybe above, towards key resistance at 1.2990. Daily sentiment remains bearish while trading below the 1.2890-1.2990 zone and potential rallies are Read More
Tuesday 03.03.2009
EURUSD Trading strategy: small short at 1.2760, initial stop at 1.2800, objective at 1.2680. Adjust stop to breakeven on +30 pips (at 1.2730) if reached. The Euro recovers to the first intra-day resistance at 1.2675/80 formed by the 50% retracement of the 1.2810-1.2540 move. Above the said resistance will strengthen momentum and favor extended gains Read More
Monday 03.02.2009
EURUSD Trading strategy: small short at 1.2705, initial stop at 1.2745, objective at 1.2635. Adjust stop to breakeven on +30 pips (at 1.2675) if reached. The Euro shows a negative bias as it failed to hold above 1.2660/70 support on Friday. Support is emerging at 1.2515 backed by 1.2400/15 and 1.2330. Upside barriers are seen Read More
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