Quote of the day: To avoid criticism do nothing, say nothing, be nothing. — Elbert Hubbard EURUSD Trading strategy: long at 1.3480, stop at 1.3410(0.5% risk), 1st objective at 1.3530, 2nd objective at 1.3640 Yesterday’s bottom around 1.3570 is under pressure at time of writing as the euro is pulling back from 5-month high reached Read More
The dollar continues to fall
Quote of the day: Don’t gain the world and lose your soul, wisdom is better than silver or gold. — Bob Marley EURUSD Trading strategy: long at 1.3510, stop at 1.3440(0.5% risk), 1st objective at 1.3560, 2nd objective at 1.3650 The dollar stays weaker against its counterparts and the euro managed to break above 1.3500, Read More
Quiet consolidation
Quote of the day: An expert is a man who tells you a simple thing in a confused way in such a fashion as to make you think the confusion is your own fault. — William Castle EURUSD Trading strategy: long at 1.3510, stop at 1.3440(0.5% risk), 1st objective at 1.3560, 2nd objective at 1.3630 Read More
Euro threatens 1.35
Quote of the day: When a man tells you that he got rich through hard work, ask him: ‘Whose?’ — Don Marquis EURUSD Trading strategy: long at 1.3400, stop at 1.3330(0.5% risk), 1st objective at 1.3450, 2nd objective at 1.3550 It’s Monday again and the euro starts the week by conserving recent gains against the Read More
Trading setups to consider next week
Quote of the day: As long as people believe in absurdities they will continue to commit atrocities. — Voltaire EURUSD The euro had a good run against the dollar in the last 2 weeks, gaining 450 pips per week – being up 6.4% this month. Or I rather say “the dollar is down 6.4% against Read More
Modest correction underway
Quote of the day: Fall seven times, stand up eight. — Japanese Proverb EURUSD Trading strategy: long at 1.3370, stop at 1.3310 (0.5% risk), 1st objective at 1.3420, 2nd objective at 1.3500 The euro is giving back some gains and reached a session low at 1.3285 in Asian session – downside being limited by former Read More
Dollar’s weakness continues
Quote of the day: A bank is a place that will lend you money if you prove that you don’t need it. — Bob Hope EURUSD Trading strategy: long at 1.3330, stop at 1.3260(0.5% risk), 1st objective at 1.3380, 2nd objective at 1.3460 Dollar’s weakness continues as the euro hits a 5-month top at 1.3440 Read More
Euro rallies to 1.330 and Gold approaches 1300
Quote of the day: Continuous effort, not strength or intelligence, is the key to unlocking our potential. — Winston Churchill EURUSD Trading strategy: long at 1.3200, stop at 1.3170(0.5% risk), 1st objective at 1.3250, 2nd objective at 1.3330 The greenback fell against its major counterparts after Fed said yesterday that it “will provide additional accommodation Read More
- Continue reading: Euro rallies to 1.330 and Gold approaches 1300
Dollar under pressure ahead of FOMC
Quote of the day: I find that the harder I work, the more luck I seem to have. — Thomas Jefferson EURUSD Trading strategy: long at 1.3120, stop at 1.3060 (0.5% risk), 1st objective at 1.3170, 2nd objective at 1.3250 The dollar is weaker ahead of FOMC Interest Rate decision on concern the Fed will Read More
Euro consolidating above support at 1.3040
Quote of the day: If a man does his best, what else is there? — General George S. Patton EURUSD Trading strategy: standing aside The euro pulled back from recent top at 1.3160 on Friday but it found support around former resistance at 1.3040. Although it maintains gains, we should keep an eye on the Read More
- Continue reading: Euro consolidating above support at 1.3040
Some setups to consider next week
EURUSD The euro was one of the main pairs to benefit from dollar’s weakness across the board lately – so it is currently up 400 pips from the bottom reached two weeks ago – around 1.2645. Recent break above 1.2900 is suggesting further upside action as the short-term studies became bullish, hence the whole decline Read More
Dollar extending losses
Quote of the day: You don’t get anything clean without getting something else dirty. — Cecil Baxter EURUSD Trading strategy: standing aside Another week is almost over and the euro is up more than 3% against the U.S. dollar and it is currently flirting with 1.3150. The break above 1.2900 few days ago suggested further Read More
Daily forex analysis: the consolidation continues
Quote of the day: The pure and simple truth is rarely pure and never simple. — Oscar Wilde EURUSD Trading strategy: long at 1.2930, stop at 1.2860 (0.5% risk), 1st objective at 1.2970, 2nd objective at 1.3080 The euro is consolidating into a tight range around 1.2990 – upside being capped by 1.3030. Upside is Read More
- Continue reading: Daily forex analysis: the consolidation continues
Daily forex analysis: EURUSD’s short-term bias turning bullish
Quote of the day: Enjoy your achievements as well as your plans. – Max Ehrmann EURUSD Trading strategy: long at 1.2940, stop at 1.2870 (0.5% risk), 1st objective at 1.32990, 2nd objective at 1.3080 The euro extended its gains and breached above 1.2900 — thus confirming uptrend’s continuation. Now that the short-term studies are bullish Read More
- Continue reading: Daily forex analysis: EURUSD’s short-term bias turning bullish
Daily analysis: Euro ready to break above 1.29
Quote of the day: In the beginner’s mind there are many possibilities, but in the expert’s mind there are few — Shunryu Suzuki EURUSD Trading strategy: long at 1.2905 on hourly bar closed above 1.2900, stop at 1.2830(0.5% risk), 1st objective at 1.2955, 2nd objective at 1.3005 The 1.2900 interim barrier comes under pressure as Read More
- Continue reading: Daily analysis: Euro ready to break above 1.29
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