EURUSD Trading strategy: stand aside Trading higher today, the euro maintains its bid tone against the dollar after advancing a bit higher on yesterday – testing offers at 1.3470. As long as the 1.34 region is under pressure, short term sentiment will remain positive and next objective will be 1.3580 – April’s top. The 1.3580/00 Read More
Thursday 05-07-2009
EURUSD Trading strategy: stand aside The euro is consolidating ahead of ECB’s interest rate decision later today, trading near the 1.3300 mark at the time of this writing. First intra-day support is seen at 1.3275 formed by a rising trend line started at 1.3190 on April 30. Below that, next downside barriers are emerging at Read More
Wednesday 05-06-2009
EURUSD Trading strategy: stand aside The daily sentiment remains bullish despite yesterday’s sell-off following the second failed attempt on the 1.3430 barrier. Minor intra-day support around 1.3250 – formed by a rising trend line started at 1.3190 on April 30, has been tested a bit earlier today and a potential breach below the said support Read More
Tuesday 05-05-2009
EURUSD Trading strategy: long at 1.3330, initial stop at 1.3280, objective at 1.3430. Adjust stop to breakeven on +30 pips (at 1.3360) if reached The euro managed to climb higher against the dollar on yesterday, extending gains to as high as 1.3437. Resistance at 1.3410/15 – 61.8% retracement of 1.3735-1.2885 has provided a solid selling Read More
Monday 05-04-2009
EURUSD Trading strategy: long at 1.3175, initial stop at 1.3125, objective at 1.3275. Adjust stop to breakeven on +30 pips (at 1.3205) if reached. Resistance zone of 1.3340-1.3390 is on focus today and the euro may extend gains towards the 1.3500 mark on the coming sessions, if a breach above 1.3390 will occur. Daily momentum Read More
Friday 05-01-2009
EURUSD Trading strategy: stand aside Upside has been limited by the 1.3380 resistance on yesterday and the euro pulled back to as low as 1.3190 afterwards. The pullback to 1.3190 is corrective and the euro will probably rebound, pushing on the 1.3380/00 mark once again. Markets are expected to be quiet today due to the Read More
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