EURUSD Trading strategy: short at 1.4170, initial stop at 1.4220, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4140) if reached The euro recovered on yesterday, climbing back into the 1.4000 resistance region. Intra-day momentum is positive and further gains are likely, aiming towards the recent top side of 1.4050. Above 1.4050, Read More
Thursday 05-28-2009
EURUSD Trading strategy: long at 1.3855, initial stop at 1.3805, objective at 1.3955. Adjust stop to breakeven on +30 pips (at 1.3885) if reached The euro failed to climb past 1.4000 on yesterday and initiated a decline, testing bids to as low as 1.3792 a bit earlier today. Short term sentiment remains positive as the Read More
Wednesday 05-27-2009
EURUSD Trading strategy: long at 1.3775, initial stop at 1.3725, objective at 1.3865. Adjust stop to breakeven on +30 pips (at 1.3805) if reached After experiencing an expected corrective move to as low as 1.3860 on yesterday, the euro has recovered – pushing back on the 1.4000 mark. The dollar sell-off is likely to continue Read More
Tuesday 05-26-2009
EURUSD Trading strategy: long at 1.3890, initial stop at 1.3840, objective at 1.3960. Adjust stop to breakeven on +30 pips (at 1.3920) if reached The euro is currently trading slightly lower than yesterday but the downside action is rather corrective, uptrend being expected to resume after confirming support – maybe into the 1.38 region. Intra-day Read More
Monday 05-25-2009
EURUSD Trading strategy: long at 1.3880, initial stop at 1.3830, objective at 1.3950. Adjust stop to breakeven on +30 pips (at 1.3910) if reached The euro continued to advance higher against the dollar on Friday, closing the week around the 1.4000 handle. The 600 points weekly gain confirms the medium term positive sentiment and the Read More
Friday 05-22-2009
EURUSD Trading strategy: long at 1.3790, initial stop at 1.3740, objective at 1.3870. Adjust stop to breakeven on +30 pips (at 1.3820) if reached Breaking above 1.3855 easier than expected, the uptrend confirms its strength and the euro advanced to as high as 1.3955 where it tested offers a bit earlier today. The psychological barrier Read More
Thursday 05-21-2009
EURUSD Trading strategy: long at 1.3690, initial stop at 1.3640, objective at 1.3770. Adjust stop to breakeven on +30 pips (at 1.3720) if reached The euro finally managed to climb above resistance zone of 1.3725/40 and extended its gains to as high as 1.3830 on yesterday’s 245 points rally. Former resistance levels at 1.3725/40 and Read More
Wednesday 05-20-2009
EURUSD Trading strategy: stand aside The euro continued its ascension against the dollar on yesterday and reached intra-day highs into the 1.3665 zone. Current pullback – to 1.3593 at the time of this writing – is rather corrective and the intra-day bullish bias should remain intact as long as the euro holds its recent gains Read More
Tuesday 05-19-2009
EURUSD Trading strategy: long at 1.3510, initial stop at 1.3460, objective at 1.3610. Adjust stop to breakeven on +30 pips (at 1.3540) if reached Minor intra-day resistance formed by a downward trend line extended through last days highs is currently limiting the upside into the 1.3580 region. A breach above the said level should open Read More
Monday 05-18-2009
EURUSD Trading strategy: short at 1.3590, initial stop at 1.3640, objective at 1.3505. Adjust stop to breakeven on +30 pips (at 1.3560) if reached Support has been found on the 61.8% retracement of the 1.3250-1.3720 move at 1.3430 and the euro is currently recovering some of its recent losses. Daily sentiment remains positive despite Friday’s Read More
Friday 05-15-2009
EURUSD Trading strategy: long at 1.3650, initial stop at 1.3600, objective at 1.3750. Adjust stop to breakeven on +30 pips (at 1.3680) if reached The euro recovered most of Wednesday’s losses on yesterday, approaching the intra-day resistance at 1.3665. Trading in line with Monday’s open price at 1.3630, expectations aim on the upside as the Read More
Thursday 05-14-2009
EURUSD Trading strategy: long at 1.3410, initial stop at 1.3360, objective at 1.3510. Adjust stop to breakeven on +30 pips (at 1.3440) if reached The failed attempt on climbing higher towards the 1.3735/50 zone resulted into a decline of 190 points, below earlier established lows of the current week. Short term sentiment remains bullish but Read More
Wednesday 05-13-2009
EURUSD Trading strategy: long at 1.3620, initial stop at 1.3570, objective at 1.3720. Adjust stop to breakeven on +30 pips (at 1.3650) if reached The euro is approaching the resistance into the 1.3735/40 region – top side of March. As the upside is favored and momentum is positive on both medium and short term charts, Read More
Tuesday 05-12-2009
EURUSD Trading strategy: long at 1.3485, initial stop at 1.3435, objective at 1.3555. Adjust stop to breakeven on +30 pips (at 1.3515) if reached The euro is currently consolidating around the 1.3600 mark, not far from Friday’s high of 1.3665. As long as the euro keeps trading above the 1.3450/60 support zone, the upside will Read More
Monday 05-11-2009
EURUSD Trading strategy: long at 1.3490, initial stop at 1.3440, objective at 1.3590. Adjust stop to breakeven on +30 pips (at 1.3520) if reached Upside is under pressure as the euro rallied on Friday, extending gains by 300 points – reaching fresh highs into the mid 1.36 zone. Important resistance is near, at 1.3735/40 – Read More
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