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Daily outlook and trading strategies 07-31-09
no responses - Posted 07.31.09
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, ...continue
no responses - Posted 07.31.09
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, ...continue
Daily outlook and trading strategies 07-30-09
no responses - Posted 07.30.09
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 ...continue
no responses - Posted 07.30.09
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 ...continue
Daily outlook and trading strategies 07-29-09
no responses - Posted 07.29.09
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 ...continue
no responses - Posted 07.29.09
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 ...continue
Daily outlook and trading strategies 07-28-09
no responses - Posted 07.28.09
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 ...continue
no responses - Posted 07.28.09
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 ...continue
Daily outlook and trading strategies 07-27-09
no responses - Posted 07.27.09
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 ...continue
no responses - Posted 07.27.09
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 ...continue
Daily outlook and trading strategies 07-24-09
no responses - Posted 07.24.09
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 ...continue
no responses - Posted 07.24.09
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 ...continue
Daily market outlook for Thursday 07-23-2009
no responses - Posted 07.23.09
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 ...continue
no responses - Posted 07.23.09
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 ...continue
Daily market outlook for Wednesday 07-22-2009
no responses - Posted 07.22.09
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 ...continue
no responses - Posted 07.22.09
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 ...continue
Daily technical outlook for Tuesday 07-21-2009
no responses - Posted 07.21.09
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 ...continue
no responses - Posted 07.21.09
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 ...continue
Daily technical outlook for Monday 07-20-2009
no responses - Posted 07.20.09
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 ...continue
no responses - Posted 07.20.09
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 ...continue