EURUSD Trading strategy: stand aside The retracement started on Friday near the 1.4400 handle is currently extending below 1.4300 to as low as 1.4280 at the time of writing this. Intra-day sentiment is bearish and a break above 1.4325 is required to signal uptrend’s resumption. Support formed by the 61.8% of last up leg from Read More
- Continue reading: Daily outlook and trading strategies 08-31-09
EURUSD Trading strategy: stand aside Yesterday’s gains have been capped on the 1.4400 mark but upside remains under pressure as the euro holds steady, conserving gains into the 1.4350 region. As noted on the chart below, the descendant trend line coming from 1.4445 to 1.4330 now may provide a minor support. Below 1.4330, 1.4290-1.4315 could Read More
- Continue reading: Daily outlook and trading strategies 08-28-09
EURUSD The recovery from 1.4220 session low today has brought yesterday’s top side on focus as the elevated resistance levels of the 1.42 region at 1.4280/00 have been cleared away. My long position from @1.4210 has been finally closed as planned, at 1.4290, for 80 pips profit and the trade itself is a good example of Read More
- Continue reading: Late US session update on EURUSD 08-27-09
EURUSD The euro has pushed on the upside throughout the European trading session but so far failed to impress and remained into a relatively narrow range of 60 points. Last modest rally has been capped by 1.4280 which is the median retracement of yesterday’s decline from 1.4350. Intra-day sentiment remains slightly bullish but a break Read More
EURUSD Trading strategy: stand aside or hold yesterday’s long position @1.4210 with stop at breakeven My expectation for a potential pullback which will face support and bounce at 1.4210 has been correct but I am still into the trade as the euro has failed to show decent signs of recovery and so far it is Read More
- Continue reading: Daily outlook and trading strategies 08-27-09
EURUSD Trading strategy: stand aside or long at 1.4210 if we get there, initial stop at 1.4160, objective at 1.4300. Adjust stop to breakeven on +30 pips (at 1.4240) if reached The euro has been relatively quiet against the dollar on yesterday, its rally from the 1.4250 region has been capped at 1.4360 and the Read More
- Continue reading: Daily outlook and trading strategies 08-26-09
EURUSD Trading strategy: long at 1.4205, initial stop at 1.4145, objective at 1.4275. Adjust stop to breakeven on +30 pips (at 1.4235) if reached The euro continues to orbit around the 1.4300 handle so far being supported into the 1.4275/80 zone. Intra-day charts show some signs of downside action as a descending triangle has been Read More
- Continue reading: Daily outlook and trading strategies 08-25-09
EURUSD Trading strategy: stand aside The Euro is re-testing bids into the 1.4300 region at the time of writing this, after the failed attempt on climbing higher, past 1.4350. Today’s trading has been quiet as the pair has moved into a range of 80 points which is half of Friday’s range and about 50-60 points Read More
EURUSD Trading strategy: long at 1.4265, initial stop at 1.4215, objective at 1.4345. Adjust stop to breakeven on +30 pips (at 1.4295) if reached The trend line barrier into the 1.4230 region has been breached on Friday and the dollar fell to 1.4375 per euro, confirming that the correction from 1.4445 is finished and uptrend Read More
- Continue reading: Daily outlook and trading strategies 08-24-09
EURUSD Trading strategy: stand aside The Euro managed to overcome the 1.4230-1.4275 zone after orbiting around the 1.4230 trend line resistance in a prolonged consolidation range of 60 points. Resistance formed by the previous top-side into the 1.4330 region is under pressure at the time of writing this and next upside objective is seen at Read More
- Continue reading: US session update on EURUSD and USDJPY 08-21-09
EURUSD Trading strategy: stand aside or eventually attempt small long at 1.4110 if we get there, initial stop at 1.4050, objective at 1.4180 – adjusting stop to breakeven on +30 pips (at 1.4140) Yesterday’s consolidation raises question marks over current bias as the consolidation range could be a recurrent pattern as seen on the 4 Read More
- Continue reading: Trading strategies and daily outlook 08-21-09
EURUSD Trading strategy: stand aside or eventually attempt small long at 1.4160 if we get there, initial stop at 1.4110, objective at 1.4230 – adjusting stop to breakeven on +30 pips (at 1.4190) Yesterday’s rally into the 1.4230/50 resistance zone occurred as anticipated and the said resistance is still valid. The euro holds steady, consolidating Read More
- Continue reading: Trading strategies and daily outlook 08-20-09
EURUSD Trading strategy: short at 1.4230, initial stop at 1.4280, objective at 1.4160. Adjust stop to breakeven on +30 pips (at 1.4200) if reached The euro closed moderately higher on yesterday, recovering 70 points of recent losses.For what we saw on yesterday, it would appear odds favor an extended recovery towards the sloping trend line around Read More
- Continue reading: Trading strategies and daily outlook 08-19-09
EURUSD Trading strategy: short at 1.4260, initial stop at 1.4320, objective at 1.4160. Adjust stop to breakeven on +30 pips (at 1.4230) if reached Current recovery to 1.4135 is not enough to switch bias and signal uptrend’s resumption and downside pressure remains high for now. Overcoming the whole 1.4130-1.4170 region and closing (a daily bar) Read More
- Continue reading: Daily outlook and trading strategies 08-18-09
EURUSD Trading strategy: stand aside or maybe small long at 1.3980, initial stop at 1.3930, objective at 1.4050. Adjust stop to breakeven on +30 pips (at 1.4010) if reached The euro continues to push South of this week’s open rates, trading near 1.4050 while writing this, almost 100 points below the levels seen before the Read More
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