EURUSD Trading strategy: stand aside The Euro resumed uptrend on yesterday and reached fresh highs into the 1.2865/70 zone. Current pullback to as low as 1.2760 at the time of this writing doesn’t affect the daily sentiment which remains slightly bullish as long as the Euro holds above the 1.2700 mark. Below the said level, Read More
Wednesday 03.11.2009
EURUSD Trading strategy: small long at 1.2700, initial stop at 1.2660, objective at 1.2800. Adjust stop to breakeven on +30 pips (at 1.2730) if reached. The Euro falls vs the greenback after the failed attempt to establish support above resistance region of 1.2750. The rally to 1.2820 has certainly weakened the upside barriers at 1.2750 Read More
Tuesday 03.10.2009
EURUSD Trading strategy: small short at 1.2865, initial stop at 1.2905, objective at 1.2765. Adjust stop to breakeven on +30 pips (at 1.2835) if reached. The Euro extends rally to session highs into the 1.2720 region, eyeing Friday’s top at 1.2750. Daily momentum is slightly bullish but a confirmation of the uptrend will occur on Read More
Monday 03.09.2009
EURUSD Trading strategy: small long at 1.2515, initial stop at 1.2475, objective at 1.2615. Adjust stop to breakeven on +30 pips (at 1.2545) if reached. Intra-day support into the 1.2630 region is being tested at the time of this writing, as the Euro pulled back from 1.2730/50. Below 1.2615/30 support zone, weakness may intensify favoring Read More
Friday 03.06.2009
EURUSD Trading strategy: stand aside Upside is under pressure ahead of the NFP data release today and the Euro managed to recover after dipping to 1.2480 on yesterday. Minor resistance into the 1.2650/60 region has been cleared out and it looks like the barrier into the 1.2680/00 zone is being breached too, at the time Read More
Thursday 03.05.2009
EURUSD Trading strategy: stand aside The Euro is pulling back from the 1.2660 region where it topped on yesterday and the downside may remain under pressure ahead of the ECB expected rate cut today. Hourly momentum is bearish at the time of this report and intra-day support is seen at 1.2540/55, backed by 1.2450/55 and Read More
Wednesday 03.04.2009
EURUSD Trading strategy: small short at 1.2640, initial stop at 1.2680, objective at 1.2540. Adjust stop to breakeven on +30 pips (at 1.2610) if reached. Fresh intra-day lows have been reached after the short-lived recovery to 1.2675 on yesterday. The decline to 1.2450 brings last year’s lows under pressure and a potential break below 1.2420 Read More
Tuesday 03.03.2009
EURUSD The Euro recovers to the first intra-day resistance at 1.2675/80 formed by the 50% retracement of the 1.2810-1.2540 move. Above the said resistance will strengthen momentum and favor extended gains to 1.2800/10 and maybe above, towards key resistance at 1.2990. Daily sentiment remains bearish while trading below the 1.2890-1.2990 zone and potential rallies are Read More
Tuesday 03.03.2009
EURUSD Trading strategy: small short at 1.2760, initial stop at 1.2800, objective at 1.2680. Adjust stop to breakeven on +30 pips (at 1.2730) if reached. The Euro recovers to the first intra-day resistance at 1.2675/80 formed by the 50% retracement of the 1.2810-1.2540 move. Above the said resistance will strengthen momentum and favor extended gains Read More
Monday 03.02.2009
EURUSD Trading strategy: small short at 1.2705, initial stop at 1.2745, objective at 1.2635. Adjust stop to breakeven on +30 pips (at 1.2675) if reached. The Euro shows a negative bias as it failed to hold above 1.2660/70 support on Friday. Support is emerging at 1.2515 backed by 1.2400/15 and 1.2330. Upside barriers are seen Read More
Friday 02.27.2009
EURUSD Trading strategy: small long at 1.2480, initial stop at 1.2440, objective at 1.2580. Adjust stop to breakeven on +30 pips (at 1.2510) if reached. The Euro maintains a neutral stance on short-term basis, trading at 50 points above daily support formed by 1.2660. Intra-day studies are bearish at the time of this writing and Read More
Thursday 02.26.2009
EURUSD Trading strategy: stand aside The Euro is heading back towards support zone at 1.2670 as it failed to hold gains above the 1.2800 mark on yesterday. Downside bias favors further decline especially if the key support at 1.2670 will be cleared out within the upcoming trading sessions. Upside barriers are emerging now at 1.2750/60 Read More
Wednesday 02.25.2009
EURUSD Trading strategy: stand aside Intra-day support is now formed at 1.2800 as the Euro recovered on yesterday, testing offers at 1.2880. If the recovery continues, a sustained break of 1.2990 and 1.3075/90 key resistance will be favored and the uptrend will be confirmed. On the lower side, support backs 1.2800 at 1.2750, 1.2670 and Read More
Tuesday 02.24.2009
EURUSD Trading strategy: stand aside The Euro backed off from resistance at 1.2990 and found intra-day support at 1.2670. Resistance starts now at 1.2810/30 followed by 1.2900 and 1.2990/00. Support is seen at 1.2670 backed by 1.2570 and 1.2515. Daily momentum has lost strength and it is slightly negative as the Euro has failed to Read More
Monday 02.23.2009
EURUSD Trading strategy: stand aside Daily momentum is slightly bullish due to the 400 points recovery from 1.2515 and resistance emerges at 1.2990/00 followed by a more important barrier into the 1.3075/90 zone. Hourly studies are positive as the Euro gained 170 points today. Support starts at 1.2890 backed by 1.2800/10 and 1.2720/50. Upside may Read More
Friday 02.20.2009
EURUSD Trading strategy: stand aside The Euro recovered on yesterday but upside has been limited by the resistance region of 1.2720/50 and pulled back into the 1.2580 zone where bids are tested at the time of this writing. Daily sentiment remains bearish as a break above 1.2890 is needed to confirm a reversal. Support emerges Read More
Thursday 02.19.2009
EURUSD Trading strategy: small short at 1.2805, initial stop at 1.2845, objective at 1.2715. Adjust stop to breakeven on +30 pips (at 1.2775) if reached. Support at 1.2540/50 is intact as the Euro managed to hold above it on yesterday but downside pressure remains high and a resume of the downtrend could accelerate losses below Read More
Wednesday 02.18.2009
EURUSD Trading strategy: small short at 1.2720, initial stop at 1.2760, objective at 1.2620. Adjust stop to breakeven on +30 pips (at 1.2690) if reached. Support region of 1.2550 has been tested and remained intact for now but downside pressure is high while trading below 1.2700. Next upside barriers are seen at 1.2800 and 1.2890/00. Read More
Tuesday 02.17.2009
EURUSD Trading strategy: stand aside Support into the 1.2540/50 zone is on focus today as the Euro failed to hold above the 1.27 mark. Both intra-day and daily studies are bearish and a break below 1.2540/50 could extend losses towards 1.2330 which is a medium term downside barrier. On the upside, resistance emerges at 1.2700 Read More
Monday 02.16.2009
EURUSD Trading strategy: small short at 1.2890, initial stop at 1.2930, objective at 1.2790. Adjust stop to breakeven on +30 pips (at 1.2860) if reached. The week starts by trading lower as the downside is under renewed pressure since breaking below 1.2850 support. Important support is formed at 1.2700/05 and a break may extend losses Read More
Friday 02.13.2009
EURUSD Trading strategy: stand aside The Euro is back above support into the 1.2850 region as the support into the lower half of the 1.27 zone has been tested on yesterday. Short term studies remain neutral and a break above 1.3070 is needed to confirm the development of a bullish structure. While trading into the Read More
Thursday 02.12.2009
EURUSD Trading strategy: stand aside Resistance at 1.3000 has been tested on yesterday before pulling back into the mid 1.28 region. Intra-day studies are slightly bullish at the time of this writing and a new test of 1.3000 barrier is possible. Above 1.3000, stronger resistance is formed into the 1.3070/90 zone and a sustained break Read More
Wednesday 02.11.2009
EURUSD Trading strategy: stand aside Daily sentiment maintains a neutral stance after the Euro has switched direction, tripping the downside after the failed attempt to climb past resistance zone of 1.3070/90. Interim support was found on the 1.2800 handle and if it holds, a recovery may occur, focusing on the same near-term resistance area of Read More
Tuesday 02.10.2009
EURUSD Trading strategy: stand aside The Euro pulled back into support zone of 1.2800/10 after testing resistance at 1.3070/90 on yesterday. Daily sentiment remains neutral although the Euro got a chance to start developing a bullish structure on yesterday but a close above the 1.3070/90 resistance is needed. Interim resistance is emerging at 1.2920 followed Read More
Monday 02.09.2009
EURUSD Trading strategy: stand aside The Euro reached offers at 1.2990 after the NFP report on Friday. However, the recovery is not large enough to suggest a trend reversal as a break above 1.3330 is needed. Until 1.3330 will be eventually reached, interim resistance is formed at 1.3070. On the downside, support starts at 1.2850 Read More
Friday 02.06.2009
EURUSD Trading strategy: stand aside Downside is under pressure today ahead of the NFP data release. Important daily support is emerging at 1.2700/05 and a potential break will most likely encourage further decline towards next objective at 1.2550. Daily momentum is bearish and a break above 1.2920 is needed to suggest the near term sentiment Read More
Thursday 02.05.2009
EURUSD Trading strategy: stand aside The Euro failed to maintain an upside bias on yesterday and declined to 1.2800, erasing the 260 points it managed to gain on Tuesday. Minor support is now seen at 1.2800 backed by a more important barrier at 1.2705 and 1.2550. On the upside, resistance emerges at 1.2920 followed by Read More
Wednesday 02.04.2009
EURUSD Trading strategy: small long at 1.2885, initial stop at 1.2845, objective at 1.2985. Adjust stop to breakeven on +30 pips (at 1.2915) if reached. The Euro got a boost on yesterday, clearing the fib resistance into the 1.3015 zone, trading as high as 1.3070 earlier today. Next resistance is eyed at 1.3090, formed by Read More
Tuesday 02.03.2009
EURUSD Trading strategy: small short at 1.3000, initial stop at 1.3040, objective at 1.2900. Adjust stop to breakeven on +30 pips (at 1.2970) if reached. Daily momentum remains bearish as the Euro is too weak to focus on the upside barriers at 1.2950 and 1.3000/15. A sustained break of 1.3015 is needed to confirm the Read More
Monday 02.02.2009
EURUSD Trading strategy: small short at 1.2860, initial stop at 1.2900, objective at 1.2760. Adjust stop to breakeven on +30 pips (at 1.2830) if reached. The downside is under pressure as the Euro tests fresh lows below last month’s bottom at 1.2765. Current breach of the said level signals a resume of the downtrend and Read More
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