EURUSD Trading strategy: stand aside Downside is under pressure after the NFP release which came slightly better than expected – at -216k vs consensus of -220k. Price action suggests more downside action since forming the lower highs covered by the falling trend line seen on the 4 hrs chart below. 1.4200 provides the first intra-day Read More
- Continue reading: Intra-day update on EURUSD and USDJPY 09-04-09
EURUSD Trading strategy: stand aside Yesterday’s rally has been limited by the rising trend line coming from 1.4045 which provided support during the 2′nd half of August. The short term bullish structure remains intact as long as 1.4200 is on the lower side, providing support. On the upside, resistance starts at 1.4350 formed by the Read More
- Continue reading: Daily outlook and trading strategies 09-04-09
GBPUSD I am currently into the long position initiated at 1.6310, on the hourly break of 1.6300 as indicated on my morning technical outlook report. The trade is going well as the market reached the 1.6375 resistance region fast after breaking 1.6300. While holding above 1.6300, odds favor further upside action especially on a break Read More
EURUSD Trading strategy: stand aside The euro recovered half of the recent losses on yesterday, being supported by 1.4200. The European fx trading session will probably be quiet ahead of ECB Interest Rate decision and Trichet’s speech later today. As stated on my yesterday’s report, while 1.4200 holds – short term sentiment remains positive therefore Read More
- Continue reading: Daily outlook and trading strategies 09-03-09
EURUSD Trading strategy: stand aside or long at 1.4055 if we get there, stop at 1.4015, objective at 1.4125. Adjust stop to breakeven on +30 pips (at 1.4085) if reached The euro has been dragged to lows into the 1.4180 region on yesterday’s pullback but the support on the 1.4200 handle remains intact and as Read More
- Continue reading: Daily outlook and trading strategies 09-02-09
EURUSD Trading strategy: stand aside Support formed by the rising trend line coming from 1.4045 has provided a reversal point on yesterday’s downside test and the euro holds steady into the 1.4350 region, 50 points below last week’s top side. Above 1.4000, next upside barrier is emerging at 1.4045/50 which is also the yearly high. Read More
- Continue reading: Daily outlook and trading strategies 09-01-09
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