EURUSD Trading strategy: stand aside Support on the 1.4100 is stable and couldn’t be breached on yesterday’s attempt when bids at 1.4070 have been tested. The euro holds steady ahead of the NFP data release in the U.S. later today. Minor intra-day resistance is formed into the 1.4235/50 region and a break above should open Read More
Thursday 06-04-2009
EURUSD Trading strategy: stand aside Tuesday’s gains were erased on yesterday’s decline and the 1.4100 mark provides support now. Intra-day studies are negative and a breach above the 1.4225-1.4245 resistance zone is required to confirm a resume of the uptrend. While trading below the said upside barrier, downside pressure may favor a breach below intra-day Read More
Wednesday 06-03-2009
EURUSD Trading strategy: long at 1.4190, initial stop at 1.4140, objective at 1.4260. Adjust stop to breakeven on +30 pips (at 1.4220) if reached The euro is approaching the resistance zone of 1.4620-1.4720 formed by the 61.8% retracement of the 1.6035-1.2330 decline and the top side of the last trend reversal attempt reached on December Read More
Tuesday 06-02-2009
EURUSD Trading strategy: long at 1.4020, initial stop at 1.3970, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4050) if reached Yesterday’s retreat from 1.4250 doesn’t suggest much as the euro managed to close slightly higher but current price action seem to point downwards, intra-day sentiment being slightly bearish at the time Read More
Monday 06-01-2009
EURUSD Trading strategy: long at 1.3990, initial stop at 1.3940, objective at 1.4060. Adjust stop to breakeven on +30 pips (at 1.4020) if reached Key resistance at 1.4185 – 50% of 1.6035-1.2330 – has been tested on Friday’s rally. Current uptrend is strong and the euro managed to gain 750 points on the last 10 Read More
Friday 05-29-2009
EURUSD Trading strategy: short at 1.4170, initial stop at 1.4220, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4140) if reached The euro recovered on yesterday, climbing back into the 1.4000 resistance region. Intra-day momentum is positive and further gains are likely, aiming towards the recent top side of 1.4050. Above 1.4050, Read More
Thursday 05-28-2009
EURUSD Trading strategy: long at 1.3855, initial stop at 1.3805, objective at 1.3955. Adjust stop to breakeven on +30 pips (at 1.3885) if reached The euro failed to climb past 1.4000 on yesterday and initiated a decline, testing bids to as low as 1.3792 a bit earlier today. Short term sentiment remains positive as the Read More
Wednesday 05-27-2009
EURUSD Trading strategy: long at 1.3775, initial stop at 1.3725, objective at 1.3865. Adjust stop to breakeven on +30 pips (at 1.3805) if reached After experiencing an expected corrective move to as low as 1.3860 on yesterday, the euro has recovered – pushing back on the 1.4000 mark. The dollar sell-off is likely to continue Read More
Tuesday 05-26-2009
EURUSD Trading strategy: long at 1.3890, initial stop at 1.3840, objective at 1.3960. Adjust stop to breakeven on +30 pips (at 1.3920) if reached The euro is currently trading slightly lower than yesterday but the downside action is rather corrective, uptrend being expected to resume after confirming support – maybe into the 1.38 region. Intra-day Read More
Monday 05-25-2009
EURUSD Trading strategy: long at 1.3880, initial stop at 1.3830, objective at 1.3950. Adjust stop to breakeven on +30 pips (at 1.3910) if reached The euro continued to advance higher against the dollar on Friday, closing the week around the 1.4000 handle. The 600 points weekly gain confirms the medium term positive sentiment and the Read More
Friday 05-22-2009
EURUSD Trading strategy: long at 1.3790, initial stop at 1.3740, objective at 1.3870. Adjust stop to breakeven on +30 pips (at 1.3820) if reached Breaking above 1.3855 easier than expected, the uptrend confirms its strength and the euro advanced to as high as 1.3955 where it tested offers a bit earlier today. The psychological barrier Read More
Thursday 05-21-2009
EURUSD Trading strategy: long at 1.3690, initial stop at 1.3640, objective at 1.3770. Adjust stop to breakeven on +30 pips (at 1.3720) if reached The euro finally managed to climb above resistance zone of 1.3725/40 and extended its gains to as high as 1.3830 on yesterday’s 245 points rally. Former resistance levels at 1.3725/40 and Read More
Wednesday 05-20-2009
EURUSD Trading strategy: stand aside The euro continued its ascension against the dollar on yesterday and reached intra-day highs into the 1.3665 zone. Current pullback – to 1.3593 at the time of this writing – is rather corrective and the intra-day bullish bias should remain intact as long as the euro holds its recent gains Read More
Tuesday 05-19-2009
EURUSD Trading strategy: long at 1.3510, initial stop at 1.3460, objective at 1.3610. Adjust stop to breakeven on +30 pips (at 1.3540) if reached Minor intra-day resistance formed by a downward trend line extended through last days highs is currently limiting the upside into the 1.3580 region. A breach above the said level should open Read More
Monday 05-18-2009
EURUSD Trading strategy: short at 1.3590, initial stop at 1.3640, objective at 1.3505. Adjust stop to breakeven on +30 pips (at 1.3560) if reached Support has been found on the 61.8% retracement of the 1.3250-1.3720 move at 1.3430 and the euro is currently recovering some of its recent losses. Daily sentiment remains positive despite Friday’s Read More
Friday 05-15-2009
EURUSD Trading strategy: long at 1.3650, initial stop at 1.3600, objective at 1.3750. Adjust stop to breakeven on +30 pips (at 1.3680) if reached The euro recovered most of Wednesday’s losses on yesterday, approaching the intra-day resistance at 1.3665. Trading in line with Monday’s open price at 1.3630, expectations aim on the upside as the Read More
Thursday 05-14-2009
EURUSD Trading strategy: long at 1.3410, initial stop at 1.3360, objective at 1.3510. Adjust stop to breakeven on +30 pips (at 1.3440) if reached The failed attempt on climbing higher towards the 1.3735/50 zone resulted into a decline of 190 points, below earlier established lows of the current week. Short term sentiment remains bullish but Read More
Wednesday 05-13-2009
EURUSD Trading strategy: long at 1.3620, initial stop at 1.3570, objective at 1.3720. Adjust stop to breakeven on +30 pips (at 1.3650) if reached The euro is approaching the resistance into the 1.3735/40 region – top side of March. As the upside is favored and momentum is positive on both medium and short term charts, Read More
Tuesday 05-12-2009
EURUSD Trading strategy: long at 1.3485, initial stop at 1.3435, objective at 1.3555. Adjust stop to breakeven on +30 pips (at 1.3515) if reached The euro is currently consolidating around the 1.3600 mark, not far from Friday’s high of 1.3665. As long as the euro keeps trading above the 1.3450/60 support zone, the upside will Read More
Monday 05-11-2009
EURUSD Trading strategy: long at 1.3490, initial stop at 1.3440, objective at 1.3590. Adjust stop to breakeven on +30 pips (at 1.3520) if reached Upside is under pressure as the euro rallied on Friday, extending gains by 300 points – reaching fresh highs into the mid 1.36 zone. Important resistance is near, at 1.3735/40 – Read More
Friday 05-08-2009
EURUSD Trading strategy: stand aside Trading higher today, the euro maintains its bid tone against the dollar after advancing a bit higher on yesterday – testing offers at 1.3470. As long as the 1.34 region is under pressure, short term sentiment will remain positive and next objective will be 1.3580 – April’s top. The 1.3580/00 Read More
Thursday 05-07-2009
EURUSD Trading strategy: stand aside The euro is consolidating ahead of ECB’s interest rate decision later today, trading near the 1.3300 mark at the time of this writing. First intra-day support is seen at 1.3275 formed by a rising trend line started at 1.3190 on April 30. Below that, next downside barriers are emerging at Read More
Wednesday 05-06-2009
EURUSD Trading strategy: stand aside The daily sentiment remains bullish despite yesterday’s sell-off following the second failed attempt on the 1.3430 barrier. Minor intra-day support around 1.3250 – formed by a rising trend line started at 1.3190 on April 30, has been tested a bit earlier today and a potential breach below the said support Read More
Tuesday 05-05-2009
EURUSD Trading strategy: long at 1.3330, initial stop at 1.3280, objective at 1.3430. Adjust stop to breakeven on +30 pips (at 1.3360) if reached The euro managed to climb higher against the dollar on yesterday, extending gains to as high as 1.3437. Resistance at 1.3410/15 – 61.8% retracement of 1.3735-1.2885 has provided a solid selling Read More
Monday 05-04-2009
EURUSD Trading strategy: long at 1.3175, initial stop at 1.3125, objective at 1.3275. Adjust stop to breakeven on +30 pips (at 1.3205) if reached. Resistance zone of 1.3340-1.3390 is on focus today and the euro may extend gains towards the 1.3500 mark on the coming sessions, if a breach above 1.3390 will occur. Daily momentum Read More
Friday 05-01-2009
EURUSD Trading strategy: stand aside Upside has been limited by the 1.3380 resistance on yesterday and the euro pulled back to as low as 1.3190 afterwards. The pullback to 1.3190 is corrective and the euro will probably rebound, pushing on the 1.3380/00 mark once again. Markets are expected to be quiet today due to the Read More
Thursday 04-30-2009
EURUSD Trading strategy: stand aside The euro continued to advance higher on yesterday and gained 220 points, testing offers around 1.3335. Upside is under pressure as the euro manages to maintain a bid tone against the greenback, trading into the 1.3320 region at the time of this writing. While first intra-day support at 1.3220 remains Read More
Wednesday 04-29-2009
EURUSD Trading strategy: short at 1.3380, initial stop at 1.3430, objective at 1.3280. Adjust stop to breakeven on +30 pips (at 1.3350) if reached. The euro recovered most its Monday losses against the dollar and the upside is under pressure ahead of the Fed Interest Rate Decision later today. Two short-term barriers are seen a Read More
Tuesday 04-28-2009
EURUSD Trading strategy: stand aside Downside is under pressure as the euro failed to hold recent gains and declined, erasing most of last week’s gains. Minor support is formed around the 1.3000 mark, backed by more relevant barriers at 1.2950 – 61.8% of the 1.2455-1.3735 upward move – then 1.2885 – monthly bottom. Both intra-day Read More
Monday 04-27-2009
EURUSD Trading strategy: long at 1.3085, initial stop at 1.3035, objective at 1.3185. Adjust stop to breakeven on +30 pips (at 1.3115) if reached. The decline initiated at 1.3300 continues to pressure the downside and Friday’s gains from 1.3110 th 1.3300 are almost cleared out as the euro is currently testing bids at 1.3145. If Read More
Warning: All the information on this site is provided "as is" for INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY, not intended for trading purposes or advice.
Bear in mind that you are the only one responsible for your own trades. If you follow anyone else expecting to replicate his results, then you are doing something wrong.
Forex Trading is speculative, involves significant risk of loss and is not suitable for everyone (Full Disclaimer) - (Terms of Use)
This work by innerfx.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at http://www.innerfx.com/terms-of-use.