EURUSD Trading strategy: standing aside The euro holds steady above former intra-day resistance at 1.3050 after reaching a fresh multi-week high at 1.3105 yesterday. Current recovery is likely to continue and next upside objective is seen at 1.3250/90. Today’s most important event in the economic calendar is the US GDP data release at 13:30 GMT. Read More
- Continue reading: Daily analysis and trading strategies 7-30-10
EURUSD Trading strategy: small long at 1.3050 on hourly close above 1.3045, stop at 1.2980 (0.5% risk), 1st objective at 1.3100, 2nd objective at 1.3200 The euro continues to consolidate into a narrow range around the 1.300 level, therefore the upside remains favored for now but a bullish close above 1.3050 has yet to be Read More
- Continue reading: Daily analysis and trading strategies 7-29-10
EURUSD Trading strategy: small long at 1.3050 on hourly close above 1.3045, stop at 1.2980 (0.5% risk), 1st objective at 1.3100, 2nd objective at 1.3200 The euro continues to orbit around 1.3000 and yesterday’s dip to 1.2950 was short-lived, therefore the upside remains in focus for now as most signs are pointing North. Potential pullbacks Read More
- Continue reading: Daily analysis and trading strategies 7-28-10
EURUSD Trading strategy: small long at 1.2960, stop at 1.2880(0.5% risk), 1st objective at 1.3010, 2nd objective at 1.3100 Fresh upside targets are in focus as the euro climbed higher yesterday and managed to stabilize around the $1.3 handle in overnight trading session. The full break above 1.3000 is in the cards and in case Read More
- Continue reading: Daily analysis and trading strategies 7-27-10
EURUSD Trading strategy: standing aside Stress tests results released on Friday showed that 7 banks failed the health checks. The results appear to be good news but question is: how severe those tests were? The euro recovered after the dip to 1.2800 and currently trades into the 1.29 area, maintaining the bullish momentum intact. Even Read More
- Continue reading: Daily analysis and trading strategies 7-26-10
EURUSD Trading strategy: standing aside The euro switched course after flirting with 1.2750 and was back around Friday’s closing level at 1.2915 30 minutes ago. The break above interim resistance region between 1.2860 and 1.2900 confirms that uptrend resumes but we have to keep an eye on the 1.2850/60 region as it is under pressure Read More
- Continue reading: Daily analysis and trading strategies 7-23-10
EURUSD Trading strategy: small short at 1.2860, stop at 1.2920 (0.5% risk), 1st objective at 1.2810, 2nd objective at 1.2730 The dollar rose across the board before the stress test results will be released in Europe. Euro’s slide to $1.2735 between the 50% and 61.8% retracement levels of 1.2522-1.3028 seems corrective as it managed to Read More
- Continue reading: Daily analysis and trading strategies 7-22-10
Quote of the day: If you want to have a better performance than the crowd, you must do things differently from the crowd. — Sir John Templeton EURUSD Trading strategy: standing aside The euro pulled back once again after testing 1.3 but the upside remains favored, although current slide may extend lower towards 1.2770 where Read More
- Continue reading: Daily analysis and trading strategies 7-21-10
EURUSD Trading strategy: small long at 1.3015 on break of 1.3000 (hourly bar close above 1.3000), stop at 1.2945, 1st objective at 1.3065, 2nd objective at 1.3165 The euro continues to hover into the 1.29-1.30 region, consolidating after last Thursday rally. The break above 1.3 seems very probable so we can look a bit higher Read More
- Continue reading: Daily analysis and trading strategies 7-20-10
EURUSD Trading strategy: standing aside Upside was capped by 1.3000 on Friday and the euro pulled back 100 points, but still holds gains above 1.2900. Short-term sentiment remains highly bearish and no signs of up trend exhaustion are seen yet. However, in case of extending current pullback below 1.29, we can look at 1.2700-1.2765 as Read More
- Continue reading: Daily analysis and trading strategies 7-19-10
Quote of the day: Experienced traders control risk, inexperienced traders chase gains. — Alan Farley EURUSD Trading strategy: small long at 1.2820, stop at 1.2760 (0.5% risk), 1st objective at 1.2870, 2nd objective at 1.2920 $1.3 is getting closer as the euro rallied yesterday, overcoming the $1.2800 barrier. Even though there are no signs of Read More
- Continue reading: Daily analysis and trading strategies 7-16-10
EURUSD Trading strategy: small long at 1.2655, stop at 1.2585 (0.5% risk), 1st objective at 1.2705, 2nd objective at 1.2805 The euro has extended gains above Tuesday’s top at $1.2738, reaching $1.2777 – few points below the 50% retracement of last down leg from 1.3690 to 1.1875. Technical readings are suggesting a healthy uptrend on Read More
- Continue reading: Daily analysis and trading strategies 7-15-10
EURUSD Trading strategy: small long at 1.2655, stop at 1.2585 (0.5% risk), 1st objective at 1.2705, 2nd objective at 1.2805 The euro rallied to $1.2738, the strongest since May, confirming that the decline to $1.2520/50 was corrective. Short-term sentiment remains bullish even though it was unchanged while the pair tested the lower side below 1.2600. Read More
- Continue reading: Daily analysis and trading strategies 7-14-10
EURUSD Trading strategy: standing aside Yesterday’s trading sessions have been rather quiet after the slide to as low as 1.2550 against the dollar. First intra-day resistance is currently limiting gains around 1.2615 but the short-term studies remain bullish as long as the euro doesn’t return below the 1.2300 handle. However, the 4 hrs charts are Read More
- Continue reading: Daily analysis and trading strategies 7-13-10
Quote of the day: A good head and a good heart are always a formidable combination. — Nelson Mandela EURUSD Trading strategy: standing aside The World Cup 2010 came to an end – Spain winning the final over Netherlands. There were some great games, even though most of them could have been way better. Frankly, Read More
- Continue reading: Daily analysis and trading strategies 7-12-10
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