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 for next objectives which are seen around 1.3250 – former support in March and April. In case of pullbacks, first intra-day support stands around 1.2890/00, backed by 1.2770. Buying dips or on break higher remain the best bets for now. Current exchange rate is 1.2978 @05:55 GMT
Support: 1.2890/00, 1.2830/50, 1.2770/00 and 1.2700
Resistance: 1.3000, 1.3100 and 1.3250
Market sentiment: long term – bearish, medium term – slightly bearish, short term – bullish, intra-day – bullish
- EURUSD 4hrs chart 7-20-2010
GBPUSD
Trading strategy: standing aside
Cable found support on last pullback to 1.5210 – median retracement of 1.4950 to 1.5470, level which also served as resistance two weeks ago. Short-term sentiment remains bullish especially while cable holds above 1.5200 and current down leg seems corrective. However, a return above 1.5350 is required to confirm that the corrective move is over. Meanwhile, it is also worth watching for a potential break lower, below 1.5200 – such move offering a short opportunity aiming to 1.4950/00. Current exchange rate is 1.5272 @05:55 GMT
Support: 1.5200/10, 1.5140/50, 1.5100, 1.5000, 1.4950 and 1.4850/80
Resistance: 1.5270, 1.5300 and 1.5470/00
Market sentiment: long term – bearish, medium term – bearish, short term – bullish, intra-day – bearish
- GBPUSD 4hrs chart 7-20-2010
More setups
CADJPY
- CADJPY daily chart 7-20-2010
EURJPY
- EURJPY daily chart 7-20-2010
Have a good day!
Buying on dips.. :) excellent! a dip towards 1st support level…
to be honest I was expecting EU session to be bullish on EUR. Since it wasn't, I don't think that buying at current levels is such a good idea. Could be worth it if it shows some recovery signs from current dip… but I guess it will reach 1.2800 soon.
I'm currently short on EURNZD and Cable.
CAD is on watch list due to Rate Decision a bit later today
in eurusd …
sir today u have not update support and resistance level ?
sir today i have puted sell stop at 1.2910 and high was 1.2909 and ur resistance is 1.2920 i have my order not executed sir and its gone 100 pip today intraday i missed 100$ profit so sir can u plz tell me my sell stop was correct or any mistake i do sir plz tell me thanks bye
sir today ur sell active ? 1.2861 done
doesn't seem a good idea to sell now as there are no reversal signs.
ok sir thanks
boss Eur usd gona made or what its not going up and its not going below just up and down between 20 pip
sir if 1.3000 comes then i can go for sell position ?
as I said in my report, if you read it, it's possible that 1.3 will break today due to important news coming from Europe.
Rather follow the market instead going against it.
ok but sir long term berish means if touch 1.3200 and then expected again to 1.2700 ?
Trend can change at any level. There's no way to predict what will happen in few weeks or months
ok sir
boss i had sell at 1.2920 but my sl was hit at 1.2941 and now made low 1.2807 my bad luck
sir m working with ur support and resistance level i want to ask u one thing i m working time frame m-30 and if ur level is 1.2950 resistance ok then what to do if last candel close below 1.2950 then i can go for sell and if candel close above that level then i can go for buy with ur 2nd resistance as a target correct sir ?
sir today dont understand which kind of movment in EUR USD
EUR USD up 40 pip up from ur support level wonderfull thanks
today ur level done wonderfull boss great but i missed to earn profit today today
sir ur buy call execute ????
sir hourly candel close above 1.3100 so can i go for long now for target of 1.3250 ?