EURUSD Trading strategy: small long at 1.2965, initial stop at 1.2920, objective at 1.3065. Adjust stop to breakeven on +30 pips (at 1.2995) if reached. The euro dropped below the 1.3200 mark and is currently approaching the key support at 1.3100 – formed by the 50% retracement of the 1.2455-1.3737 move. If it holds, a Read More
Monday 04-06-2009
EURUSD Trading strategy: stand aside The euro has tested bids at 1.3365 on Friday, after the NFP data release – reading in line with consensus expectations – but managed to recover, climbing above the 1.3500 mark. First resistance is formed at 1.3590 – 50% retracement of the 1.4720-1.2455 decline. Notable resistance is seen higher, formed Read More
Friday 04.03.2009
EURUSD Trading strategy: small long at 1.3385, initial stop at 1.3335, objective at 1.3515. Adjust stop to breakeven on +30 pips (at 1.3415) if reached. The euro rallied on yesterday to as high as 1.3515 as a result of the ECB’s surprising rate cut of 25-bp instead of the widely expected cut of 50-bp. The Read More
Thursday 04.02.2009
EURUSD Trading strategy: stand aside The euro is pushing higher this morning, trading around the 1.3300 mark. Above 1.3300, first resistance is seen at 1.3330/50 then a more notable barrier at 1.3400/15 – former support that may limit the upside for now on extended gains. Daily momentum is slightly bearish and a break above 1.3400 Read More
Wednesday 04.01.2009
EURUSD Trading strategy: small short at 1.3415, initial stop at 1.3455, objective at 1.3330. Adjust stop to breakeven on +30 pips (at 1.3385) if reached Resistance at 1.3330 could not be breached on yesterday and the euro is back below the 1.3200 mark, currently testing bids around yesterday’s opening price. Daily sentiment remains slightly bearish Read More
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