EURUSD Trading strategy: standing aside The euro climbed on signs that Greece may reach an agreement on budget cuts, needed for a potential $159 billion bailout, but remains capped at 1.3260/80 former support of March breached Tuesday due to S&P downgrading Greece and Portugal ratings. The whole euro zone sentiment is under pressure as fears Read More
- Continue reading: Daily analysis and trading strategies 4-30-10
EURUSD Trading strategy: looking to sell at 1.3315, stop at 1.3375 (1% risk), objective at 1.3200 The euro is orbiting around 1.3200 facing high downside pressure as talking on Greece problems continue and Spain was downgraded from AA to AA+ by the S&P – outlook being negative. The FOMC left rates unchanged, as widely expected, Read More
- Continue reading: Daily analysis and trading strategies 4-29-10
EURUSD Trading strategy: stand aside The euro fell to a fresh ytd low following the Standard & Poor’s slashing both Portugal and Greece’s debt rating, spurring concerns about their sovereign debt. A minor correction is underway at the time of writing, trying to overcome 1.3200 – former support. In case of extended gains, 1.3280/00 should provide Read More
- Continue reading: Daily analysis and trading strategies 4-28-10
EURUSD Trading strategy: looking to sell at 1.3500, stop at 1.3560(1% risk), objective at 1.3380. Secondary idea: buy at 1.3330, stop at 1.3270(0.5% risk), objective at 1.3430 1.3300 provided support yesterday and the euro recovered, returning into the top side where it left off Friday. Short-term sentiment remains bearish and a more notable barrier follows Read More
- Continue reading: Daily analysis and trading strategies 4-27-10
Quote of the day: Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing. – Clive James EURUSD Trading strategy: standing aside The euro rallied to as high as 1.3400 from the fresh dip to 1.3200 as Greece officially requested assistance. Read More
- Continue reading: Daily analysis and trading strategies 4-26-10
EURUSD Trading strategy: looking to sell at 1.3295, stop at 1.3355 (1% risk), 1st objective at 1.3245, 2nd objective at 1.3205 The euro fell to a fresh yearly low on concern about Greece, reaching 1.3201 in overnight trading, as massive stop loss orders below 1.3260 (recent bottom) accelerated the decline by 50 points in a Read More
- Continue reading: Daily analysis and trading strategies 4-23-10
EURUSD Trading strategy: looking to sell at 1.3480, stop at 1.3530(1% risk), objective at 1.3380. Alternatively, buy at 1.3300, stop at 1.3240(0.5% risk), objective at 1.3400 The euro remains under pressure and tests bids into the 1.33 region, being supported by 1.3360/70 so far. Short-term sentiment is bearish and there are no signs of change Read More
- Continue reading: Daily analysis and trading strategies 4-22-10
EURUSD Trading strategy: looking to sell at 1.3480, stop at 1.3530(1% risk), objective at 1.3380 Downside remains under pressure and no signs of recovery are seen, therefore selling on minor rallies remains the preferred bet for now. The break below 1.3450 adds some more gas to the short-term bearish momentum, thus eyeing 1.3300 which is Read More
- Continue reading: Daily analysis and trading strategies 4-21-10
EURUSD Trading strategy: standing aside The euro is erasing earlier gains to 1.3500 and currently tests support at 1.3450, therefore not much has changed since yesterday. Short-term sentiment remains bearish while below 1.3600 and intra-day studies are as well showing bearish signs. In case of extended weakness, 1.3300 may come next. Current exchange rate is Read More
- Continue reading: Daily analysis and trading strategies 4-20-10
EURUSD Trading strategy: looking to sell at 1.3550, stop at 1.3610(0.5% risk), objective at 1.3430 The euro lost ground against the dollar and opened lower today, following the extended weakness in EURJPY as the Yen is strengthening across the board – investors buying the Yen as a result of Goldman Sachs investigation over fraud claims. Read More
- Continue reading: Daily analysis and trading strategies 4-19-10
EURUSD Trading strategy: standing aside The euro lost some ground against the dollar as it failed to hold gains above the 1.3600 support and pulled back to as low as 1.3520 yesterday. My plan to buy a small size near 1.3600 support turned wrong. If current weakness continues, next support is formed at 1.3500, backed Read More
- Continue reading: Daily analysis and trading strategies 4-16-10
EURUSD Trading strategy: looking to buy at 1.3590, stop at 1.3540(0.5% risk), objective at 1.3690 The euro is little changed since yesterday as trading has been calm, remaining into a range of 80 points above 1.3600 which provides intra-day support. 1.3680/00 provides the first upside barrier, followed by the more notable one at 1.3800. Short-term Read More
- Continue reading: Daily analysis and trading strategies 4-15-10
EURUSD Trading strategy: standing aside The euro pulled back yesterday but not enough to fill Monday’s gap as it found support into the mid 1.35 region, recovering to 1.3650 where it trades at the time of writing. Short-term sentiment remains bullish as long as pullbacks are finding bids above the 1.3500 mark and key resistance Read More
- Continue reading: Daily analysis and trading strategies 4-14-10
EURUSD Trading strategy: looking to buy dips at 1.3500, stop at 1.3430(1% risk), objective at 1.3640 The euro lost some ground after reaching a fresh 3-week high at 1.3690 on yesterday’s open but maintains a bid tone above Friday’s close at 1.3495. Therefore, short-term support remains in focus at 1.3500 and current bullish structure may Read More
- Continue reading: Daily analysis and trading strategies 4-13-10
EURUSD Trading strategy: looking to buy dips at 1.3520, stop at 1.3460(1% risk), objective at 1.3620 The euro strengthened to as high as 1.3691 after EU governments offered Greece a rescue package worth as much as 45 billion euros at below-market interest rates in a bid to stem its fiscal crisis and restore confidence in Read More
- Continue reading: Daily analysis and trading strategies 4-12-10
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