EURUSD Trading strategy: standing aside Downside is under renewed pressure and euro sits at 1.3405, 130 points down from yesterday’s top at 1.3537. The 50% retracement of the last up leg from 1.3265 to 1.3535 provides support at 1.3400. backed by 1.3370 a bit lower but both levels are weak under the heavy euro and Read More
- Continue reading: Daily analysis and trading strategies 3-31-10
EURUSD Trading strategy: standing aside The euro holds gains into recently conquered territory of 1.3450-1.3500. Next upside barriers come around 1.3550 and 1.3600. Short term sentiment remains bearish for now and a close above 1.3600 is needed to sustain the ongoing recovery. Intra-day sentiment is neutral; in case of a pullback from current levels, look Read More
- Continue reading: Daily analysis and trading strategies 3-30-2010
EURUSD Trading strategy: standing aside The euro opened higher today against the dollar and first important resistance is under pressure at 1.3450. Short-term sentiment remains bearish while the pair trades below the 1.3450-1.36 region but some more gains are likely, perhaps testing the former support at 1.3550 within the coming days. On the lower side, Read More
- Continue reading: Daily analysis and trading strategies 3-29-10
Quote of the day: Live today, forget the past. — Greek Proverb EURUSD Trading strategy: looking to sell at 1.3450, stop at 1.3520 (0.5% risk), objective at 1.3360 The euro recovers some lost ground after setting a fresh low at 1.3267 as Trichet welcomes the Greek solution. The EU leaders agreed to help debt-ridden Greece Read More
- Continue reading: Daily analysis and trading strategies 3-26-10
EURUSD Trading strategy: looking to sell at 1.3450, stop at 1.3530 (1% risk), objective at 1.3300 The euro continued its decline ahead of the two day summit in Brussels. Bids to as low as 1.3283 have been seen earlier today, following yesterday’s 190 points decline – lacking any notable intra-day corrections. Recent support zone around Read More
- Continue reading: Daily analysis and trading strategies 3-25-10
Quote of the day: You may hate gravity, but gravity doesn’t care. — Clayton Christensen EURUSD Trading strategy: looking to sell at 1.3510, stop at 1.3570(1% risk), objective at 1.3400 The euro dropped to a 10 month low vs. the U.S. dollar as uncertainty about the bailout of Greece damped demand for European assets. Fresh Read More
- Continue reading: Daily analysis and trading strategies 3-24-10
EURUSD Trading strategy: looking to sell at 1.3635, stop at 1.3685 (0.5% risk), objective at 1.3535 The euro recovered after testing bids at 1.3665 yesterday but still holds below 1.3550/60 which provided for 2 weeks. Short-term sentiment is bearish but the pair is still looking for direction and potential rallies above recent intra-day high at Read More
- Continue reading: Daily analysis and trading strategies 3-23-10
Quote of the day: Belief in the absence of illusions is itself an illusion. — Barbara Grizzuti Harrison EURUSD Trading strategy: looking to sell at 1.3625, stop at 1.3685 (1% risk), objective at 1.3505 The euro continued its decline to as low as 1.3503 amid all the talk about a possible bailout for Greece. However, Read More
- Continue reading: Daily analysis and trading strategies 3-22-10
EURUSD Trading strategy: looking to sell at 1.3685, stop at 1.3745 (0.5% risk), objective at 1.3605 Euro’s sell-off continued, extending below $1.36, to as low as 1.3585. Downside remains under pressure as there’s no sign of a recovery and the euro may revisit the 1.3450 support zone within the coming sessions. Resistance into the 1.3670-1.3700 Read More
- Continue reading: Daily analysis and trading strategies 3-19-10
EURUSD Trading strategy: standing aside Downside is under pressure again as the euro failed to hold gains and penetrate higher, above 1.38. Important intra-day support comes at 1.3650, not far from current trading level. If it holds, next objective at 1.3550 might have a chance to stay intact for now. Short-term sentiment remains mixed while Read More
- Continue reading: Daily analysis and trading strategies 3-18-10
Quote of the day: The only certain thing about the future is that it will surprise even those who have seen furthest into it. — Eric Hobsbawm EURUSD Trading strategy: standing aside The euro flirts with the recent top side at $1.38, reaching some fresh highs, as the dollar was weaker across the board yesterday, Read More
- Continue reading: Daily analysis and trading strategies 3-17-10
Quote of the day: It is impossible for a man to learn what he thinks he already knows. — Epictetus EURUSD Trading strategy: holding yesterday’s long @1.3655; will close at breakeven if downtrend resumes 1.3700 provides intra-day resistance on current recovery from 1.3640 – 61.8% of last week’s up leg, intra-day sentiment being slightly bullish Read More
- Continue reading: Daily analysis and trading strategies 3-16-10
EURUSD Currently sitting on the former resistance trend line coming from 1.3840 of February 9, the euro shows some uptrend perspective on a short term basis, but still being under selling pressure. Last week’s recovery along with the recent failed attempts on breaking lower below the 1.3450-1.3500 region suggest that a bottom might be in Read More
- Continue reading: EURUSD, USDJPY and NZDUSD short term outlook 3-15-10
Quote of the day: The market can stay irrational longer than you can stay solvent. — John Maynard Keynes EURUSD Trading strategy: looking to buy dips at 1.3655, stop at 1.3580(1% risk), objective at 1.3795 Last week’s recovery up to 20 days top side and above the downward trend line extended from 1.3850 covering recent Read More
- Continue reading: Daily analysis and trading strategies 3-15-10
Quote of the day: Failure is the condiment that gives success its flavor — Truman Capote EURUSD Trading strategy: small long at 1.3675, stop at 1.3615 (0.5% risk), objective at 1.3785 A break above 1.3680/90 – the trend line resistance extended from 1.3840 – shows up. Some resistance layers are seen above current trading zone Read More
- Continue reading: Daily analysis and trading strategies 3-12-10
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