Greetings! I just added a new category – the Market Tavern, where free speech / chat-like articles will be included. This is one of them. Woody’s credit rating Euro’s recovery on ‘good’ news (oh really?!) coming from Dublin is intraday history already and last week’s bottom at 1.3450 is back on the radar as the Read More
Euro gains on Irish bailout
Quote of the day: The best way to keep loyalty in a man’s heart is to keep money in his purse. – Irish proverb EURUSD Trading strategy: looking to buy at 1.3700, stop at 1.3630, 1st objective at 1.3750, 2nd objective at 1.3850 The euro rose across the board after Ireland, IMF and the EU Read More
Euro recovers some losses; 1.3750 resistance in focus
Quote of the day: He who is not courageous enough to take risks will accomplish nothing in life. – Muhammad Ali EURUSD Trading strategy: standing aside The euro holds above 1.3600 and is currently facing intraday resistance around 1.3650, after it climbed yesterday on Ireland optimism. Next resistance region comes around 1.3750 which served both Read More
- Continue reading: Euro recovers some losses; 1.3750 resistance in focus
Euro recovers some ground but remains vulnerable
Quote of the day: Folks who don’t know why America is the Land of Promise should be here during an election campaign. – Milton Berle EURUSD Trading strategy: standing aside Tested yesterday – 1.3570 provided intraday resistance but was breached during today’s Asian session, following Gold which bounced off support region around 1330, reaching session Read More
- Continue reading: Euro recovers some ground but remains vulnerable
Euro drops further amid Irish bailout talk
Quote of the day: I’ve abandoned free market principles to save the free market system. – George W. Bush EURUSD Trading strategy: looking to sell at 1.3570, stop at 1.3640, 1st objective at 1.3520, 2nd objective at 1.3440 1.3570 was breached yesterday as the euro is once again in free-fall mode, bringing the 50% retramcement Read More
- Continue reading: Euro drops further amid Irish bailout talk
No recovery signs; more downside ahead
Quote of the day: Nobody can give you wiser advice than yourself. – Cicero EURUSD Trading strategy: looking to sell at 1.3690, stop at 1.3760, 1st objective at 1.3640, 2nd objective at 1.3550 Support around 1.3570 has been retested and held, but it certainly doesn’t look strong enough to consider buying dips. Short-term sentiment remains Read More
Euro continues to fall on Irish debt concerns
Note: the website has been revamped; if it doesn’t show correctly, please hard-refresh the page (CTRL-F5) Quote of the day: When in doubt, don’t. – Benjamin Franklin EURUSD Trading strategy: standing aside The euro remains under pressure on concern Ireland needs a bailout, after Friday’s failed attempt to break above former support at 1.3750. Near Read More
- Continue reading: Euro continues to fall on Irish debt concerns
Dollar softer ahead of G-20 Summit in Seoul
Quote of the day: All generalizations are bad. – R.H. Grenier EURUSD Trading strategy: long at 1.3825, stop at 1.3755, 1st objective at 1.3875, 2nd objective at 1.3975 Although downside pressure is still high, support at 1.37 formed by October’s bottom held, and the dollar is a bit softer today, ahead of G20 Summit in Read More
- Continue reading: Dollar softer ahead of G-20 Summit in Seoul
EURUSD testing October’s support
Quote of the day: The public has a short-term memory. – Burt Greenwald EURUSD Trading strategy: short at 1.3900, stop at 1.3970, 1st objective at 1.3850, 2nd objective at 1.3750 Yesterday’s minor recovery towards 1.400 was short-lived and the decline resumed – extending to as low as 1.3735 earlier today. October’s bottom around 1.3700 comes Read More
No signs of euro recovery yet; Gold above 1400
Quote of the day: Sometimes it is better to lose and do the right thing than to win and do the wrong thing. – Tony Blair EURUSD Trading strategy: standing aside Euro’s sell-off continues amid European debt concerns which are worsening risk appetite in the market. The pair failed to hold recent gains above the $1.400 Read More
- Continue reading: No signs of euro recovery yet; Gold above 1400
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