EURUSD Trading strategy: long at 1.3990, initial stop at 1.3940, objective at 1.4070. Adjust stop to breakeven on +30 pips (at 1.4020) if reached The corrective cycle to as low as 1.3805 seem over and the euro returned on the upside zone, trying to breach above the 1.4100 mark at the time of this writing. Read More
Tuesday 06-09-2009
EURUSD Trading strategy: short at 1.4035, initial stop at 1.4085, objective at 1.3965. Adjust stop to breakeven on +30 pips (at 1.4005) if reached Downside pressure is high although the euro is trying to recover yesterday’s losses, testing offers near the 1.3900 mark at the time of this writing. Upside barriers may limit gains at Read More
Monday 06-08-2009
EURUSD Trading strategy: long at 1.3780, initial stop at 1.3730, objective at 1.3845. Adjust stop to breakeven on +30 pips (at 1.3810) if reached. Downside is under pressure as the euro collapsed on Friday, as a result of the better than expected NFP data – -345k vs. -521k expected. The 330 points pullback has extended Read More
Friday 06-05-2009
EURUSD Trading strategy: stand aside Support on the 1.4100 is stable and couldn’t be breached on yesterday’s attempt when bids at 1.4070 have been tested. The euro holds steady ahead of the NFP data release in the U.S. later today. Minor intra-day resistance is formed into the 1.4235/50 region and a break above should open Read More
Thursday 06-04-2009
EURUSD Trading strategy: stand aside Tuesday’s gains were erased on yesterday’s decline and the 1.4100 mark provides support now. Intra-day studies are negative and a breach above the 1.4225-1.4245 resistance zone is required to confirm a resume of the uptrend. While trading below the said upside barrier, downside pressure may favor a breach below intra-day Read More
Wednesday 06-03-2009
EURUSD Trading strategy: long at 1.4190, initial stop at 1.4140, objective at 1.4260. Adjust stop to breakeven on +30 pips (at 1.4220) if reached The euro is approaching the resistance zone of 1.4620-1.4720 formed by the 61.8% retracement of the 1.6035-1.2330 decline and the top side of the last trend reversal attempt reached on December Read More
Tuesday 06-02-2009
EURUSD Trading strategy: long at 1.4020, initial stop at 1.3970, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4050) if reached Yesterday’s retreat from 1.4250 doesn’t suggest much as the euro managed to close slightly higher but current price action seem to point downwards, intra-day sentiment being slightly bearish at the time Read More
Monday 06-01-2009
EURUSD Trading strategy: long at 1.3990, initial stop at 1.3940, objective at 1.4060. Adjust stop to breakeven on +30 pips (at 1.4020) if reached Key resistance at 1.4185 – 50% of 1.6035-1.2330 – has been tested on Friday’s rally. Current uptrend is strong and the euro managed to gain 750 points on the last 10 Read More
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