EURUSD Trading strategy: long at 1.4760, initial stop at 1.4690, objective at 1.4900. Adjust stop to breakeven on +40 pips (at 1.4800) if reached The euro recovered on yesterday ahead of FOMC and the Fed held interest rates for “an extended period” and kept trillion-dollar stimulus measures in place to support the recession recovery. Key Read More
- Continue reading: Daily analysis and trading strategies 11-05-09
EURUSD Trading strategy: stand aside The euro had another chance to extend its recovery above resistance at 1.4850 on yesterday but it found solid offers ahead of it and retreated back into the mid 1.47s, following the decline in equities. Upside remains slightly favored for now but downside pressure is high as long as 1.4850 Read More
- Continue reading: Daily analysis and trading strategies 11-03-09
EURUSD Trading strategy: stand aside The euro is advancing against the dollar after it retreated from 1.4850 on Friday. Same key support on the 1.4700 handle, formed by the 61.8% of the 1.4480-1.5060 up leg, provided a reversal level and the euro is currently pushing on the upside towards interim resistance at 1.4850. Downside risk Read More
- Continue reading: Daily analysis and trading strategies 11-02-09
EURUSD Trading strategy: stand aside Yesterday’s gains against the dollar have been limited into the 1.4800/20 region and Bernanke’s speech has sent the euro a bit lower, testing support on the 1.4700 handle. Short term sentiment remains positive while the intra-day charts are slightly bearish, a breach above 1.4750 being needed to signal a change Read More
- Continue reading: Daily analysis and trading strategies 10-09-09
EURUSD Trading strategy: long at 1.4710, initial stop at 1.4660, objective at 1.4810. Adjust stop to breakeven on +30 pips (at 1.4740) if reached Upside is on focus as the euro recovered on yesterday after it found support at 1.4650. Intra-day uptrend is under development and price may stabilize above 1.4700 which is an important Read More
- Continue reading: Daily analysis and trading strategies 10-08-09
EURUSD Trading strategy: stand aside The euro continues to achieve higher highs on the current recovery process, aiming towards the recent top side at 1.4845. Short-term sentiment is slightly bullish but the intra-day studies show minor signs of weakness. In case of an extended pullback below overnight’s low at 1.4683, look for support into the Read More
- Continue reading: Daily analysis and trading strategies 10-07-09
EURUSD Upside action extends towards 1.4600, fresh yearly top which has been reached earlier today, before initiating the current pullback. Current pullback seem corrective and yesterday’s top at 1.4535 is the nearest intra-day support. Hourly sentiment becomes negative and a break down below 1.4535 will most likely bring some more bears back into the market, Read More
- Continue reading: Medium term outlook on EUR, AUD and Gold
EURUSD Trading strategy: stand aside or eventually attempt small long at 1.4110 if we get there, initial stop at 1.4050, objective at 1.4180 – adjusting stop to breakeven on +30 pips (at 1.4140) Yesterday’s consolidation raises question marks over current bias as the consolidation range could be a recurrent pattern as seen on the 4 Read More
- Continue reading: Trading strategies and daily outlook 08-21-09
EURUSD Trading strategy: stand aside or eventually attempt small long at 1.4160 if we get there, initial stop at 1.4110, objective at 1.4230 – adjusting stop to breakeven on +30 pips (at 1.4190) Yesterday’s rally into the 1.4230/50 resistance zone occurred as anticipated and the said resistance is still valid. The euro holds steady, consolidating Read More
- Continue reading: Trading strategies and daily outlook 08-20-09
EURUSD Trading strategy: short at 1.4230, initial stop at 1.4280, objective at 1.4160. Adjust stop to breakeven on +30 pips (at 1.4200) if reached The euro closed moderately higher on yesterday, recovering 70 points of recent losses.For what we saw on yesterday, it would appear odds favor an extended recovery towards the sloping trend line around Read More
- Continue reading: Trading strategies and daily outlook 08-19-09
EURUSD Trading strategy: short at 1.4260, initial stop at 1.4320, objective at 1.4160. Adjust stop to breakeven on +30 pips (at 1.4230) if reached Current recovery to 1.4135 is not enough to switch bias and signal uptrend’s resumption and downside pressure remains high for now. Overcoming the whole 1.4130-1.4170 region and closing (a daily bar) Read More
- Continue reading: Daily outlook and trading strategies 08-18-09
EURUSD Trading strategy: stand aside Last failed attempt against 1.4300 on Friday negates the end of the corrective phase and the euro is back into the lower side, testing bids into the 1.4130 region at the time of writing this. As seen on the chart below, trend line support into the 1.4125 zone is the Read More
- Continue reading: Daily outlook and trading strategies 08-17-09
EURUSD Trading strategy: stand aside Yesterday’s rally has been limited into the 1.4325 region – 15 points below my 100 points target on the long position @1.4240 – I still hold the position with stop @breakeven / currently at +25 points, hoping that 1.4330 will be targeted again. Since the euro couldn’t hold gains above Read More
- Continue reading: Daily outlook and trading strategies 08-14-09
EURUSD Trading strategy: long at 1.4240, initial stop at 1.4180, objective at 1.4340. Adjust stop to breakeven on +30 pips (at 1.4270) if reached Support mentioned on yesterday’s report into the 1.4080-1.4100 region formed by a rising trend line has provided a stable reversal point on last downside test, the euro’s recovery being fueled by Read More
- Continue reading: Daily outlook and trading strategies 08-13-09
EURUSD Trading strategy: stand aside The pair trades quietly ahead of FOMC Interest Rate Decision later today, widely expected to remain unchanged at 0.25%. The euro has failed to advance higher on yesterday’s attempt and continues to trade around the 1.4150 level, being supported into the 1.4080-1.4110 region. A break above 1.4200 is needed to Read More
- Continue reading: Daily outlook and trading strategies 08-12-09
EURUSD Trading strategy: long at 1.4185, initial stop at 1.4125, objective at 1.4285. Adjust stop to breakeven on +30 pips (at 1.4215) if reached Downside stays under pressure, the euro closing lower for the 5′th consecutive day. However, except Friday’s sell-off, the daily losses are relatively small, which is a sign that this could be Read More
- Continue reading: Daily outlook and trading strategies 08-11-09
EURUSD Trading strategy: short at 1.4300, initial stop at 1.4360, objective at 1.4230. Adjust stop to breakeven on +30 pips (at 1.4270) if reached The euro has extended losses on Friday’s breakdown below 1.4335, reaching intra-day lows at 1.4155, as the dollar recovered due to better than expected NFP results. Support at 1.4175 formed by Read More
- Continue reading: Daily outlook and trading strategies 08-10-09
EURUSD Trading strategy: long at 1.4185, initial stop at 1.4125, objective at 1.4285. Adjust stop to breakeven on +30 pips (at 1.4215) if reached The euro has pulled back on yesterday but 1.4335 provided a stable support and limited losses. Since today is the NFP release day, extra caution is needed, as large moves are Read More
- Continue reading: Daily outlook and trading strategies 08-07-09
EURUSD Trading strategy: long at 1.4185, initial stop at 1.4125, objective at 1.4285. Adjust stop to breakeven on +30 pips (at 1.4215) if reached The pair trades quietly ahead of ECB’s Interest Rate Decision later today, at 12:45 GMT, which is expected to remain at 1%. First support is formed into the 1.4335/50 region by Read More
- Continue reading: Daily outlook and trading strategies 08-06-09
EURUSD Trading strategy: long at 1.4305, initial stop at 1.4245, objective at 1.4395. Adjust stop to breakeven on +30 pips (at 1.4335) if reached Yesterday’s view remains unchanged as the pair traded into a narrow range of 65 points, closing in-line with the opening price at .14410. On a potential pullback, the euro will face Read More
- Continue reading: Daily outlook and trading strategies 08-05-09
EURUSD Trading strategy: long at 1.4305, initial stop at 1.4245, objective at 1.4395. Adjust stop to breakeven on +30 pips (at 1.4335) if reached A fresh yearly high has been reached on yesterday’s rally – at 1.4445, 150 points above the barrier at 1.4300 which has provided a stable resistance for several days. Current breakout Read More
- Continue reading: Daily outlook and trading strategies 08-04-09
EURUSD Trading strategy: long at 1.4160, initial stop at 1.4110, objective at 1.4230. Adjust stop to breakeven on +30 pips (at 1.4190) if reached The 1.4300 mark is under renewed pressure as the euro resumed uptrend and rallied on Friday, overcoming the intra-day resistance at 1.4160/70. On a medium term basis, the bullish structure remains Read More
- Continue reading: Daily outlook and trading strategies 08-03-09
EURUSD Trading strategy: stand aside The euro recovered half of recent losses from 1.4300 to 1.4007 and a break above 1.4160/70 may confirm that the drop towards the 1.4000 handle was corrective. Intra-day price action favors a test of 1.4160/70 on the coming trading sessions. Above 1.4170, next objective is seen at 1.4230 then higher, Read More
- Continue reading: Daily outlook and trading strategies 07-31-09
EURUSD Trading strategy: stand aside Support has been found on the 1.4000 handle on yesterday’s extended decline and the euro currently tries to stabilize above 1.4050. Downside risk remains high on a short-term basis as long as 1.4130 may provide a selling/reversal point on extended gains, hence keeping the euro on the lower zone. A Read More
- Continue reading: Daily outlook and trading strategies 07-30-09
EURUSD Trading strategy: long at 1.4050, initial stop at 1.3990, objective at 1.4130. Adjust stop to breakeven on +30 pips (at 1.4080) if reached Downside is under renewed pressure as the euro pulled back on yesterday – the pullback being initiated after yet another failed attempt on breaking above 1.4300. Short term momentum is not Read More
- Continue reading: Daily outlook and trading strategies 07-29-09
EURUSD Trading strategy: stand aside Yesterday’s gains have been limited by the 1.4300 mark but the euro seem prepared to retry overcoming the upside barriers today. Minor support has been formed at 1.4250, backed by a more stable one at 1.4200 then 1.4170, lower. Above the interim barrier at 1.4300, important resistance is set at Read More
- Continue reading: Daily outlook and trading strategies 07-28-09
EURUSD Trading strategy: short at 1.4350, initial stop at 1.4410, objective at 1.4270. Adjust stop to breakeven on +30 pips (at 1.4320) if reached Intra-day resistance formed by Friday’s top at 1.4250 is being tested at the time of this writing. Support has been set at 1.4170 on overnight’s pullback and the upside is likely Read More
- Continue reading: Daily outlook and trading strategies 07-27-09
EURUSD Trading strategy: small short at 1.4220, initial stop at 1.4270, objective at 1.4120. Adjust stop to breakeven on +30 pips (at 1.4190) if reached Although it rallied to fresh multi-week high at 1.4290 on yesterday’s US trading session, the euro failed to hold gains and break the 1.4275 intra-day resistance. The fast decline to Read More
- Continue reading: Daily outlook and trading strategies 07-24-09
EURUSD Trading strategy: short at 1.4360, initial stop at 1.4420, objective at 1.4270. Adjust stop to breakeven on +30 pips (at 1.4330) if reached Support into the 1.4150/60 region has provided the reversal point once again on yesterday and the euro is back above 1.4200, testing offers around 1.4250 at the time of this writing. Read More
- Continue reading: Daily market outlook for Thursday 07-23-2009
EURUSD Trading strategy: long at 1.4105, initial stop at 1.4045, objective at 1.4175. Adjust stop to breakeven on +30 pips (at 1.4135) if reached The euro trades slightly lower against the US dollar, testing bids around the 1.4200 handle at the time of this writing. Intra-day price action suggests further downside biased consolidation, perhaps down Read More
- Continue reading: Daily market outlook for Wednesday 07-22-2009
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