EURUSD Trading strategy: long at 1.4125, initial stop at 1.4065, objective at 1.4200. Adjust stop to breakeven on +30 pips (at 1.4155) if reached The euro has gained 150 points on yesterday, reaching the 1.4250 projected target. It is clear enough that it is approaching the 1.4340 top, which may be tested on the coming Read More
- Continue reading: Daily technical outlook for Tuesday 07-21-2009
EURUSD Trading strategy: long at 1.4120, initial stop at 1.4060, objective at 1.4200. Adjust stop to breakeven on +30 pips (at 1.4150) if reached Upside is under renewed pressure as the euro gained 80 points since the Asian session open. Minor resistance at 1.4150/65 doesn’t seem to hold as the pair trades comfortably into the Read More
- Continue reading: Daily technical outlook for Monday 07-20-2009
EURUSD Trading strategy: small long at 1.4160, initial stop at 1.4110, objective at 1.4245. Adjust stop to breakeven on +30 pips (at 1.4190) if reached The euro continues to advance vs. the US dollar, breaking above 1.4135 on yesterday. Current retreat is corrective and the upside is likely to remain under pressure while the support Read More
- Continue reading: Daily technical outlook for Friday 07-17-2009
EURUSD Trading strategy: long at 1.4025, initial stop at 1.3965, objective at 1.4135. Adjust stop to breakeven on +30 pips (at 1.4055) if reached The euro rallied to as high as 1.4135 on yesterday, following the rebound in crude and equities. Upside was capped by the 1.4135 barrier formed by the downside trend line started Read More
- Continue reading: Daily technical outlook for Thursday 07-16-2009
EURUSD Trading strategy: [hidepost]small long at 1.3970, initial stop at 1.3920, objective at 1.4070. Adjust stop to breakeven on +30 pips (at 1.4000) if reached[/hidepost] The euro is back on the upper territory after visiting the lower zone near the 1.3900 mark on yesterday’s slide, after the failed attempt on breaking the 1.4000 resistance. Current Read More
EURUSD Trading strategy: small long at 1.4010 on break of 1.4000, initial stop at 1.3960, objective at 1.4110. Adjust stop to breakeven on +30 pips (at 1.4040) if reached The euro trades quietly near the 1.4000 handle ahead of today important economic events like the German ZEW Sentiment and the US Retail Sales. Intra-day studies Read More
EURUSD Trading strategy: long at 1.3790, initial stop at 1.3740, objective at 1.3855. Adjust stop to breakeven on +30 pips (at 1.3820) if reached The 1.3900 mark is under pressure at the time of this writing and both intra-day and short-term studies are bearish, price action suggesting a potential breach below 1.3880/00 – which may Read More
EURUSD Trading strategy: stand aside Euro’s recovery against the US dollar on yesterday fails to suggest much and a clear breach above 1.4045/50 is required to signal a resume of the uptrend. Current pullback to 1.3970 at the time of this writing seem corrective and support at 1.3950 or lower, at 1.3900/25 should hold in Read More
EURUSD Trading strategy: small long at 1.3940, initial stop at 1.3890, objective at 1.4040. Adjust stop to breakeven on +30 pips (at 1.3970) if reached Intra-day resistance is being tested at 1.3935/50 and a breach above should open the 1.4000 handle for a later test. Daily sentiment remains slightly bearish and a break of 1.4050 Read More
EURUSD Trading strategy: stand aside The euro pulled back to 1.3900 after the modest test against the 1.4030/50 resistance zone. A potential breakout of the said resistance could have signaled a resume of the uptrend but downside pressure in crude and equities favour the selling on rallies to/above the 1.4000 handle. Current move is most Read More
EURUSD Trading strategy: stand aside The euro managed to close 20 points higher on yesterday, after sliding to as low as 1.3877 before the US trading session open. Intra-day resistance is formed on the 1.4000 handle, followed by another barrier a few points above, into the 1.4030/50 region. On a sustained breach above 1.4030/50, the Read More
EURUSD Trading strategy: stand aside Support into the 1.3950 region is formed by a rising trend line started at 1.3425 on May 18, extended through June’s lows. The euro currently tries to push on the upside, testing the intra-day resistance on the 1.4000 handle. Downside pressure is high since the euro failed to overcome the Read More
EURUSD Trading strategy: stand aside Intra-day support on the 1.4100 failed to hold on yesterday and the pullback extended in the overnight trading to 1.2930, before recovering to 1.4000 at the time of this writing. Minor resistance is formed by the 1.4 handle and a breach above would open the more notable barrier at 1.4050/65 Read More
EURUSD Trading strategy: long at 1.3985, initial stop at 1.3935, objective at 1.4055. Adjust stop to breakeven on +30 pips (at 1.4015) if reached. Alternative idea: long at 1.4160 on the break of 1.4150, initial stop at 1.4110, objective at 1.4240. Adjust stop to breakeven on +30 pips (at 1.4190) if reached Yesterday’s boost to Read More
EURUSD Trading strategy: long at 1.4055, initial stop at 1.3995, objective at 1.4140. Adjust stop to breakeven on +30 pips (at 1.4085) if reached Upside is under renewed pressure due to yesterday’s 120 points rebound to as high as 1.4130 on today’s Asian session. The euro holds steady around the 1.4100 handle at the time Read More
EURUSD Trading strategy: long at 1.3920, initial stop at 1.3870, objective at 1.3980. Adjust stop to breakeven on +30 pips (at 1.3950) if reached The upside has been limited by a falling trend-line around 1.4115 – extended from 1.4265 on June 5th though last week’s top at 1.4140. Current pullback may extend towards the support Read More
EURUSD Trading strategy: long at 1.3980, initial stop at 1.3930, objective at 1.4080. Adjust stop to breakeven on +30 pips (at 1.4010) if reached The euro challenges the interim top side as it managed to breach above the 1.4 handle. Intra-day sentiment is bullish and won’t be affected as long as potential pullbacks won’t extend Read More
EURUSD Trading strategy: stand aside The euro dropped on yesterday, not being able to hold gains above the 1.4000 mark. The fast decline was mainly caused by the SNB intervention against the CHF. Short-term studies are showing indecision as the current uptrend is stalling within the 1.38-1.41 range. Intra-day sentiment is currently bearish due to Read More
gy46a9vub3 EURUSD Trading strategy: long at 1.4000, initial stop at 1.3940, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4030) if reached. Alternative trading idea in case 1.4000 won’t be reached – long at 1.4145, initial stop at 1.4090, objective at 1.4245. Adjust stop to breakeven on +30 pips (at 1.4175) if Read More
EURUSD Trading strategy: long at 1.3710, initial stop at 1.3660, objective at 1.3780. Adjust stop to breakeven on +30 pips (at 1.3740) if reached The euro dipped below the 1.3880 support on yesterday – the median retracement level of the 1.3455-1.4340 up leg, weakening the short-term sentiment which will remain bearish as long as the Read More
EURUSD Trading strategy: long at 1.3760, initial stop at 1.3710, objective at 1.3830. Adjust stop to breakeven on +30 pips (at 1.3790) if reached Downside is under pressure today as Friday’s attempt on breaching above the 1.4000 mark has been rejected at 1.4010. Support at 1.3880 – 50% of 1.3425-1.4340 is on focus and abreach Read More
EURUSD Trading strategy: long at 1.4010, initial stop at 1.3960, objective at 1.4080. Adjust stop to breakeven on +30 pips (at 1.4040) if reached The upside barrier on the 1.4000 handle has proven strong enough to resist on yesterday’s tests and the dollar recovered some lost ground but it is giving away gains, as the Read More
EURUSD Trading strategy: long at 1.3930, initial stop at 1.3870, objective at 1.4045. Adjust stop to breakeven on +30 pips (at 1.3965) if reached Intra-day support is now formed on the 1.3900/20 level as the euro managed to recover initial losses on yesterday. While holding above 1.3900, the upside will remain favored and the resistance Read More
EURUSD Trading strategy: stand aside Yesterday’s decline has extended into the 1.3750 region before initiating current recovery. Support at 1.3775 formed by the 61.8% retracement of the 1.3425-1.4340 move seem stable and while it holds, the recovery could extend towards yesterday’s open price at 1.3995/00, therefore erasing the 245 points losses. Downside bias remains valid Read More
EURUSD Trading strategy: long at 1.3780, initial stop at 1.3730, objective at 1.3880. Adjust stop to breakeven on +30 pips (at 1.3810) if reached The euro trades lower on the beginning of this week, advancing lower towards the 1.3880 support – formed by the median retracement level of the 1.3425-1.4340 up leg. The mentioned level Read More
EURUSD Trading strategy: long at 1.4140, initial stop at 1.4090, objective at 1.4240. Adjust stop to breakeven on +30 pips (at 1.4170) if reached Upside remains under pressure as the euro managed to re-test the 1.4150 zone on yesterday, reaching an intra-day high as 1.4175. Current 100 points pullback seem corrective as the pair is Read More
EURUSD Trading strategy: long at 1.4070, initial stop at 1.4020, objective at 1.4150. Adjust stop to breakeven on +25 pips (at 1.4095) if reached Intra-day support has been found on yesterday’s decline at 1.3920 – rising trend-line formed by last 3 days’ lows. The euro tries to recover yesterday’s losses and trades near the 1.4050 Read More
EURUSD Trading strategy: long at 1.3990, initial stop at 1.3940, objective at 1.4070. Adjust stop to breakeven on +30 pips (at 1.4020) if reached The corrective cycle to as low as 1.3805 seem over and the euro returned on the upside zone, trying to breach above the 1.4100 mark at the time of this writing. Read More
EURUSD Trading strategy: short at 1.4035, initial stop at 1.4085, objective at 1.3965. Adjust stop to breakeven on +30 pips (at 1.4005) if reached Downside pressure is high although the euro is trying to recover yesterday’s losses, testing offers near the 1.3900 mark at the time of this writing. Upside barriers may limit gains at Read More
EURUSD Trading strategy: long at 1.3780, initial stop at 1.3730, objective at 1.3845. Adjust stop to breakeven on +30 pips (at 1.3810) if reached. Downside is under pressure as the euro collapsed on Friday, as a result of the better than expected NFP data – -345k vs. -521k expected. The 330 points pullback has extended Read More
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