Quote of the day: If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours. — John Maynard Keynes EURUSD Trading strategy: small short at 1.2290, stop at 1.2360 (0.5% risk), 1st objective at 1.2230, 2nd objective at 1.2100 Support at 1.2150 came under pressure Read More
- Continue reading: Daily analysis and trading strategies 6-30-10
EURUSD Trading strategy: small short at 1.2300, stop at 1.2370 (0.5% risk), objective at 1.2200 Downside pressure is high again as the euro is falling across the board – printing record lows against the CHF (currently at 1.3305); also near recent bottom against the JPY and below .8200 support against the GBP – testing support Read More
- Continue reading: Daily analysis and trading strategies 6-29-10
EURUSD Trading strategy: standing aside The euro rebounded from Friday’s low near 1.2250 breaking above minor resistance at 1.2360, but upside remains capped at 1.2400, which is the first intra-day resistance to watch today. Upside remains slightly favored as current recovery could bring pressure against the 1.2465/00 region. Intra-day pullbacks like those seen in the Read More
- Continue reading: Daily analysis and trading strategies 6-28-10
EURUSD Trading strategy: small short at 1.2425, stop at 1.2485 (0.5% risk), objective at 1.2325 The euro is little changed against the dollar since yesterday’s morning – holding gains above minor intra-day support at 1.2300 for now. Yesterday’s rally to 1.2390 was short-lived but on short-term basis, the upside remains slightly favored – important upside Read More
- Continue reading: Daily analysis and trading strategies 6-25-10
EURUSD Trading strategy: standing aside The euro recovered after diving to as low as 1.2205 yesterday as the Fed reiterated it plans to keep rates “exceptionally low” for an “extended period”, repeating the language used in previous statements. The central bank’s decision to keep rates unchanged was widely expected but analysts say that the language used Read More
- Continue reading: Daily analysis and trading strategies 6-24-10
EURUSD Trading strategy: small short at 1.2235, stop at 1.2305 (0.5% risk), 1st objective at 1.2155, 2nd objective at 1.2035 Intra-day support has been found around 1.2250, protecting the more notable downside barrier at 1.2150 which served as stable support for 3 weeks before breaking lower to 1.1875. Short-term sentiment will remain slightly positive as Read More
- Continue reading: Daily analysis and trading strategies 6-23-10
EURUSD Trading strategy: standing aside The euro lost ground yesterday, pulling back from 1.2460 to as low as 1.2285, following EUR/JPY as the yen strengthened on speculation European banks will struggle to raise money amid the debt region’s crisis. Despite the 190 points pullback, the euro is still in a bullish configuration against the dollar Read More
- Continue reading: Daily analysis and trading strategies 6-22-10
Quote of the day: Good judgment comes from experience, and experience comes from bad judgment. — Barry LePatner EURUSD Trading strategy: small long at 1.2400, stop at 1.2330 (0.5% risk), objective at 1.2540 The dollar weakened across the board after China signaled an end to the yuan’s fixed rate to the dollar, boosting confidence in Read More
- Continue reading: Daily analysis and trading strategies 6-21-10
Quote of the day: The modern banking system manufactures money out of nothing. — Josiah Stamp EURUSD Trading strategy: small long at 1.2330, stop at 1.2260 (0.5% risk), 1st objective at 1.2380, 2nd objective at 1.2450 The euro found support around 1.2250 again and rallied to as high as 1.2415, breaking the 61.8% retracement level Read More
- Continue reading: Daily analysis and trading strategies 6-18-10
Quote of the day: Time is what we want most, but what we use worst. — William Penn EURUSD Trading strategy: standing aside The euro is trading lower against the U.S. dollar since yesterday morning – even though it managed to recover after yesterday’s dive to as low as 1.2255 where it found support formed Read More
- Continue reading: Daily analysis and trading strategies 6-17-10
Quote of the day: The place where optimism flourishes most is the lunatic asylum. — Havelock Ellis EURUSD Trading strategy: standing aside The euro is well bid, holding gains near the 1.2365 resistance formed by the 61.8% retracement of 1.2670-1.1875. Short-term sentiment remains bullish and more upside action seems likely and support could limit losses Read More
- Continue reading: Daily analysis and trading strategies 6-16-10
EURUSD Trading strategy: short at 1.2330, stop at 1.2390 (1% risk), objective at 1.2230 The euro pulled back from $1.2300 but maintains a bid tone – so far being supported into the 1.2200 region – backed by 1.2150 and 1.2100, lower. Short-term sentiment remains slightly bullish while trading above 1.2150 but extended gains above yesterday’s Read More
- Continue reading: Daily analysis and trading strategies 6-15-10
EURUSD – 1.2287 The euro is rebounding as no news is good news in Europe – as the risk meters aren’t flashing red the way they were earlier this month. Therefore, current euro recovery is not driven by good news but rather by the absence of bad news, so caution is advised for those buying Read More
- Continue reading: EURUSD, GBPUSD, AUDUSD, EURGBP and Gold outlook 6/14/10
EURUSD Trading strategy: small long at 1.2130, stop at 1.2060 (0.5% risk), objective at 1.2250 The euro recovered 300 points last week, getting into a relatively safer territory above the 1.2000 handle with support freshly formed at 1.2150 – level which provided a stable bottom in the 2nd half of May. Below 1.2150, next downside Read More
- Continue reading: Daily analysis and trading strategies 6/14/10
Quote of the day: In Europe, it’s different – you eat soccer, you breathe soccer, you drink soccer. Everything is about soccer. — Thomas Dooley EURUSD Trading strategy: standing aside The euro continued its recovery, advancing higher against the dollar but upside remains capped at 1.2140/50 – former support. Intra-day support is now seen at Read More
- Continue reading: Daily analysis and trading strategies 6-11-10
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