EURUSD
Trading strategy: standing aside
Range-bound trading continues as the upside was capped by 1.2740 yesterday but support around 1.2650 was also stable. Recent euro’s losses against the Swiss franc and the yen are contributing to its weakness against the dollar, too – and current EURCHF and EURJPY studies don’t look too good to those expecting a decent recovery. Intra-day sentiment is slightly bullish at the time of writing, as the euro holds overnight gains not far below yesterday’s top – but short-term studies will remain bearish until 1.2900 will be conquered. Interim resistance is layered between 1.2740 and 1.2770. Current exchange rate is 1.2698 @05:37 GMT
Support: 1.2650, 1.2600, 1.2500 and 1.2430/50
Resistance: 1.2740/70, 1.2850 and 1.2900/20
Market sentiment: long term – bearish, medium term – slightly bullish, short term – bearish, intra-day – slightly bullish
- EURUSD 4hrs chart 9-1-2010
More trading setups
GBPUSD
- GBPUSD 4hrs chart 9-1-2010
AUDCAD
- AUDCAD daily chart 9-1-2010
NZDUSD
- NZDUSD daily chart 9-1-2010
USDCAD
- USDCAD daily chart 9-1-2010
Have a good day!
here is a mixed sentiment
http://www.marketwatch.com/story/three-ways-to-tr…
http://www.marketwatch.com/story/us-stocks-slump-…
So which way stocks should go? on one side august was very 'rangey'… now september historically is not the best month.. so downside for s&p still favored ? (thus for EURUSD also…)?
stocks are a joke, moving because of algos. Not many guys trade them nowadays. After the crash in May I doubt there are many sane persons left to put their money on such risky instruments. But you say about market's direction not the cause of its movement so… well, to be honest I hope they go up so I can buy something against JPY at these 'cheap" prices and hold for some time. But there's way too much indecision now and none of the JPY pairs look good while signs of equities recovery are weak. What I highly dislike is the EURCHF