EURUSD Trading strategy: stand aside The euro recovered half of recent losses from 1.4300 to 1.4007 and a break above 1.4160/70 may confirm that the drop towards the 1.4000 handle was corrective. Intra-day price action favors a test of 1.4160/70 on the coming trading sessions. Above 1.4170, next objective is seen at 1.4230 then higher, Read More
- Continue reading: Daily outlook and trading strategies 07-31-09
EURUSD Trading strategy: stand aside Support has been found on the 1.4000 handle on yesterday’s extended decline and the euro currently tries to stabilize above 1.4050. Downside risk remains high on a short-term basis as long as 1.4130 may provide a selling/reversal point on extended gains, hence keeping the euro on the lower zone. A Read More
- Continue reading: Daily outlook and trading strategies 07-30-09
EURUSD Trading strategy: long at 1.4050, initial stop at 1.3990, objective at 1.4130. Adjust stop to breakeven on +30 pips (at 1.4080) if reached Downside is under renewed pressure as the euro pulled back on yesterday – the pullback being initiated after yet another failed attempt on breaking above 1.4300. Short term momentum is not Read More
- Continue reading: Daily outlook and trading strategies 07-29-09
EURUSD Trading strategy: stand aside Yesterday’s gains have been limited by the 1.4300 mark but the euro seem prepared to retry overcoming the upside barriers today. Minor support has been formed at 1.4250, backed by a more stable one at 1.4200 then 1.4170, lower. Above the interim barrier at 1.4300, important resistance is set at Read More
- Continue reading: Daily outlook and trading strategies 07-28-09
EURUSD Trading strategy: short at 1.4350, initial stop at 1.4410, objective at 1.4270. Adjust stop to breakeven on +30 pips (at 1.4320) if reached Intra-day resistance formed by Friday’s top at 1.4250 is being tested at the time of this writing. Support has been set at 1.4170 on overnight’s pullback and the upside is likely Read More
- Continue reading: Daily outlook and trading strategies 07-27-09
EURUSD Trading strategy: small short at 1.4220, initial stop at 1.4270, objective at 1.4120. Adjust stop to breakeven on +30 pips (at 1.4190) if reached Although it rallied to fresh multi-week high at 1.4290 on yesterday’s US trading session, the euro failed to hold gains and break the 1.4275 intra-day resistance. The fast decline to Read More
- Continue reading: Daily outlook and trading strategies 07-24-09
EURUSD Trading strategy: short at 1.4360, initial stop at 1.4420, objective at 1.4270. Adjust stop to breakeven on +30 pips (at 1.4330) if reached Support into the 1.4150/60 region has provided the reversal point once again on yesterday and the euro is back above 1.4200, testing offers around 1.4250 at the time of this writing. Read More
- Continue reading: Daily market outlook for Thursday 07-23-2009
EURUSD Trading strategy: long at 1.4105, initial stop at 1.4045, objective at 1.4175. Adjust stop to breakeven on +30 pips (at 1.4135) if reached The euro trades slightly lower against the US dollar, testing bids around the 1.4200 handle at the time of this writing. Intra-day price action suggests further downside biased consolidation, perhaps down Read More
- Continue reading: Daily market outlook for Wednesday 07-22-2009
EURUSD Trading strategy: long at 1.4125, initial stop at 1.4065, objective at 1.4200. Adjust stop to breakeven on +30 pips (at 1.4155) if reached The euro has gained 150 points on yesterday, reaching the 1.4250 projected target. It is clear enough that it is approaching the 1.4340 top, which may be tested on the coming Read More
- Continue reading: Daily technical outlook for Tuesday 07-21-2009
EURUSD Trading strategy: long at 1.4120, initial stop at 1.4060, objective at 1.4200. Adjust stop to breakeven on +30 pips (at 1.4150) if reached Upside is under renewed pressure as the euro gained 80 points since the Asian session open. Minor resistance at 1.4150/65 doesn’t seem to hold as the pair trades comfortably into the Read More
- Continue reading: Daily technical outlook for Monday 07-20-2009
EURUSD Trading strategy: small long at 1.4160, initial stop at 1.4110, objective at 1.4245. Adjust stop to breakeven on +30 pips (at 1.4190) if reached The euro continues to advance vs. the US dollar, breaking above 1.4135 on yesterday. Current retreat is corrective and the upside is likely to remain under pressure while the support Read More
- Continue reading: Daily technical outlook for Friday 07-17-2009
EURUSD Trading strategy: long at 1.4025, initial stop at 1.3965, objective at 1.4135. Adjust stop to breakeven on +30 pips (at 1.4055) if reached The euro rallied to as high as 1.4135 on yesterday, following the rebound in crude and equities. Upside was capped by the 1.4135 barrier formed by the downside trend line started Read More
- Continue reading: Daily technical outlook for Thursday 07-16-2009
EURUSD Trading strategy: [hidepost]small long at 1.3970, initial stop at 1.3920, objective at 1.4070. Adjust stop to breakeven on +30 pips (at 1.4000) if reached[/hidepost] The euro is back on the upper territory after visiting the lower zone near the 1.3900 mark on yesterday’s slide, after the failed attempt on breaking the 1.4000 resistance. Current Read More
EURUSD Trading strategy: small long at 1.4010 on break of 1.4000, initial stop at 1.3960, objective at 1.4110. Adjust stop to breakeven on +30 pips (at 1.4040) if reached The euro trades quietly near the 1.4000 handle ahead of today important economic events like the German ZEW Sentiment and the US Retail Sales. Intra-day studies Read More
EURUSD Trading strategy: long at 1.3790, initial stop at 1.3740, objective at 1.3855. Adjust stop to breakeven on +30 pips (at 1.3820) if reached The 1.3900 mark is under pressure at the time of this writing and both intra-day and short-term studies are bearish, price action suggesting a potential breach below 1.3880/00 – which may Read More
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