EURUSD Trading strategy: small short at 1.2275, stop at 1.2325 (0.5% risk), objective at 1.2175 Euro’s recovery was capped at 1.2450 as Fitch downgraded Spain’s credit rating from AAA to AA+, intensifying the intra-day sell-off below 1.2300 and also below the falling trend line coming from 1.3360, connecting last 4 weeks’ tops. Since the break Read More
- Continue reading: Daily analysis and trading strategies 5-31-10
EURUSD Trading strategy: small short at 1.2450, stop at 1.2510(0.5% risk), objective at 1.2350 Yesterday’s recovery was capped at 1.2400 but upside is favored for now, an uptrend being formed on the hourly chart. A trend line resistance is currently seen into the 1.2370 region, coming from 1.3095 of May 10, extended through last week’s Read More
- Continue reading: Daily analysis and trading strategies 5-28-10
Quote of the day: Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital. — Aaron Levenstein EURUSD Trading strategy: small short at 1.2430, stop at 1.2490 (0.5% risk), objective at 1.2310 Another day, another leg down: the euro fell near recent low into the 1.2450 zone – thus forming Read More
- Continue reading: Daily analysis and trading strategies 5-27-10
Quote of the day: Some people use one half their ingenuity to get into debt, and the other half to avoid paying it. — George Prentice EURUSD Trading strategy: small short at 1.2470, stop at 1.2520 (0.5% risk), objective at 1.2370. The euro fell to as low as 1.2177, erasing most of last week’s gains. Read More
- Continue reading: Daily analysis and trading strategies 5-26-10
Quote of the day: More things in politics happen by accident or exhaustion than happen by conspiracy. — Jeff Greenfield EURUSD Trading strategy: small short at 1.2425, stop at 1.2485 (0.5% risk), objective at 1.2325 Euro’s weakness continues on concerns that European debt crisis is spreading. Support levels established last week at 1.2440/50 and 1.2340 Read More
- Continue reading: Daily analysis and trading strategies 5-25-10
Quote of the day: You cannot simultaneously prevent and prepare for war. — Albert Einstein EURUSD Trading strategy: standing aside The dollar recovered Friday’s losses against the euro after South Korea said it will halt trade with its northern neighbor and seek United Nations Security Council action over the sinking of a warship last month. Read More
- Continue reading: Daily analysis and trading strategies 5-24-10
EURUSD The euro initiated a recovery cycle after printing a fresh multi-year low at 1.2145 but it still trades far below last month’s region. Sentiment remains highly bearish on both short-term and medium-term studies and the 525 points recovery from 1.2145 to 1.2670 is less than half of current month’s 1200 points range. Even though Read More
EURUSD Trading strategy: small long at 1.2465, stop at 1.2395 (0.5% risk), objective at 1.2620 The euro managed to overcome the 1.2430/50 resistance yesterday and rallied to as high as 1.2671 earlier today, but it is pulling back below 1.2620 which is the 50% retracement of last down leg from 1.3095 to 1.2145. Upside is Read More
- Continue reading: Daily analysis and trading strategies 5-21-10
Quote of the day: Whenever I go down to Washington and meet with the SEC and complain to them that the industry is either over regulated or the burdens are too great they all start to roll their eyes, just like all of our children do when we talk about the good old days. — Read More
- Continue reading: Daily analysis and trading strategies 5-20-10
Quote of the day: It takes as much imagination to create debt as to create income. — Leonard Orr EURUSD Trading strategy: looking to sell at 1.2350, stop at 1.2420 (1% risk), objective at 1.2200 After a second round of testing the intra-day resistance region between 1.2415-1.2450, the euro failed to hold above support at Read More
- Continue reading: Daily analysis and trading strategies 5-19-10
Quote of the day: If we did go into a recession, something that’s always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold. — Jeffrey Sachs EURUSD Trading strategy: looking to sell at 1.2500, stop at 1.2570 (1% risk), objective at Read More
- Continue reading: Daily analysis and trading strategies 5-18-10
Quote of the day: Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people — Wendell Phillips EURUSD Trading strategy: standing aside The euro trades around levels of 2006 as the decline continues on concern European measures to reduce fiscal deficits will undermine the Euro-zone’s Read More
- Continue reading: Daily analysis and trading strategies 5-17-10
EURUSD Trading strategy: short around 1.2510 on hourly close below 1.2515, stop at 1.2570 (1% risk), objective at 1.2410 Risk still lies to the downside as the euro continues its bearish trajectory, retesting last week’s bottom at 1.2520. The said support holds for now and a correction might be underway, but playing from short side Read More
- Continue reading: Daily analysis and trading strategies 5-14-10
Quote of the day: All the gold which is under or upon the earth is not enough to give in exchange for virtue. — Plato EURUSD Trading strategy: standing aside The mid 1.27 area where the euro was trading in late Friday’s session before gapping up over the weekend has been a though barrier in Read More
- Continue reading: Daily analysis and trading strategies 5-13-10
Quote of the day: Doubts are more cruel than the worst of truths. — Moliere Trading strategy: looking to sell at 1.2800, stop at 1.2870(1% risk), objective at 1.2640 The euro is back near its recent low as Monday’s correction was just a new opportunity for sellers to increase their bets against the euro. A Read More
- Continue reading: Daily analysis and trading strategies 5-12-10
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