I am glad to announce you that the chat room is up and running! EURUSD Trading strategy: stand aside After reaching a fresh high at 1.4875 on yesterday, the euro pulled back but has found buyers on the dip to 1.4805/10. Therefore, upside is under pressure now as the euro trades comfortably into the higher Read More
- Continue reading: Daily analysis and trading strategies 10-14-09
EURUSD Trading strategy: long at 1.4805 on break of 1.4800 (hourly bar/candle close above 1.4800), initial stop at 1.4745, objective at 1.4895. Friday’s losses have been recovered on yesterday and the upside is under pressure once again, first intra-day barrier being formed by the 1.4800 handle. Today’s ZEW Economic Sentiment report released in Germany may Read More
- Continue reading: Daily analysis and trading strategies 10-13-09
EURUSD Trading strategy: stand aside Short term sentiment remains positive despite Friday’s minor pullback to 1.4675 but the intra-day charts show signs of weakness since falling below 1.4750 support. Therefore, a break above 1.4750/70 is needed to re-initiate the intra-day uptrend. On a potential resume of the uptrend, objectives may be set around 1.4800 and Read More
- Continue reading: Daily analysis and trading strategies 10-12-09
EURUSD Trading strategy: stand aside Yesterday’s gains against the dollar have been limited into the 1.4800/20 region and Bernanke’s speech has sent the euro a bit lower, testing support on the 1.4700 handle. Short term sentiment remains positive while the intra-day charts are slightly bearish, a breach above 1.4750 being needed to signal a change Read More
- Continue reading: Daily analysis and trading strategies 10-09-09
EURUSD Trading strategy: long at 1.4710, initial stop at 1.4660, objective at 1.4810. Adjust stop to breakeven on +30 pips (at 1.4740) if reached Upside is on focus as the euro recovered on yesterday after it found support at 1.4650. Intra-day uptrend is under development and price may stabilize above 1.4700 which is an important Read More
- Continue reading: Daily analysis and trading strategies 10-08-09
EURUSD Trading strategy: stand aside The euro continues to achieve higher highs on the current recovery process, aiming towards the recent top side at 1.4845. Short-term sentiment is slightly bullish but the intra-day studies show minor signs of weakness. In case of an extended pullback below overnight’s low at 1.4683, look for support into the Read More
- Continue reading: Daily analysis and trading strategies 10-07-09
EURUSD Trading strategy: long at 1.4670, initial stop at 1.4620, objective at 1.4750. Adjust stop to breakeven on +30 pips (at 1.4700) if reached The euro recovered on yesterday and continued to climb higher during today’s Asian trading session. Upside remains favored and a daily close above 1.4700 would confirm the end of the corrective Read More
- Continue reading: Daily analysis and trading strategies 10-06-09
EURUSD Trading strategy: short at 1.4720, initial stop at 1.4770, objective at 1.4640. Adjust stop to breakeven on +30 pips (at 1.4690) if reached Not much has changed across the board while I’ve been on my annual vacation during the last two weeks. Current euro’s pullback from 1.4845 seem corrective and the euro has found Read More
- Continue reading: Daily analysis and trading strategies 10-05-09
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