EURUSD Trading strategy: small short at 1.2965, initial stop at 1.3005, objective at 1.2865. Adjust top to breakeven on +40 pips (at 1.2925) if reached. The climb to 1.2740 on yesterday doesn’t provide any clue regarding further price action as the Euro continues to consolidate and look for direction. Intraday resistance is formed at 1.2740 Read More
Monday 11.17.2008
EURUSD Trading strategy: small short at 1.2685, initial stop at 1.2725, objective at 1.2600. Adjust stop to breakeven on +30 pips (at 1.2655) if reached. The Euro failed to hold its Friday gains over the weekend and reached lows into the 1.2525 support zone earlier today. First resistance is seen at 1.2625 followed by 1.2685 Read More
Friday 11.14.2008
EURUSD Trading strategy: small long at 1.2645, initial stop at 1.2605, objective at 1.2745. Adjust stop to breakeven on +40 pips (at 1.2685) if reached. The Euro rallied on yesterday, recovering 460 points after testing bids at 1.2390, forming a reversal pattern on the daily studies. The upside is now on focus as long as Read More
Thursday 11.13.2008
EURUSD Trading strategy: small long at 1.2202, initial stop at 1.2162, objective at 1.2322. Adjust stop to breakeven on +40 pips (at 1.2242) if reached. Interim support on the 1.2400 mark is on focus at the time of this report. Key support formed by recent lows at 1.2330/35 is seen a bit lower and a Read More
Wednesday 11.12.2008
EURUSD Trading strategy: small short at 1.2670, initial stop at 1.2710, objective at 1.2600. Adjust stop to breakeven on +30 pips (at 1.2640) if reached. The downside break out of the triangle formation renews the bearish bias and the Euro may fall lower towards the key support at 1.2335, if current resistance region of 1.2650-1.2675 Read More
Tuesday 11.11.2008
EURUSD Trading strategy: stand aside The Euro has failed to breach the resistance at 1.2900 on yesterday and collapsed, filling the weekend’s gap and also testing support at 1.2675. Since support at 1.2675 is intact, the daily momentum is still bullish but losing strength. Below the said support should resume downtrend and aim towards 1.2525. Read More
Monday 11.10.2008
EURUSD Trading strategy: stand aside The Euro aims slightly higher today testing resistance on the 1.2900 handle, maintaining the bullish structure intact on the daily charts. While trading above the 1.2675 support, upside bias should remain stable and a potential rally to 1.3050 may occur if 1.2900 breaks. Support is seen at 1.2790 backed by Read More
Friday 11.07.2008
EURUSD Trading strategy: small short at 1.2650 on break of 1.2675, initial stop at 1.2690, objective at 1.2560. Adjust stop to breakeven on +30 pips (at 1.2620) if reached. The Euro failed to hold above the 1.2790 support on yesterday and declined into the 1.2650-1.2675 support region. Current recovery towards the intraday resistance at 1.2790 Read More
Thursday 11.06.2008
EURUSD Trading strategy: stand aside Current correction which followed the recent Euro rally keeps the pair below the 1.29 interim resistance but the daily momentum remains slightly bullish while holding above first support at 1.2790. Above 1.2900 should regain strength for a new test of 1.3050 later. Support backs 1.2790 at 1.2675 and 1.2525 while Read More
Wednesday 11.05.2008
EURUSD Trading strategy: stand aside The Euro traded higher versus the US dollar on yesterday, testing offers at 1.3050 before pulling back to the 50% retracement of yesterday’s upward move, at 1.2790. Volatility remains very high this week as the pair traded into a range of 520 points on yesterday, the 10 days range average Read More
Tuesday 11.04.2008
EURUSD Trading strategy: small short at 1.2740, initial stop at 1.2780, objective at 1.2640. Adjust stop to breakeven on +30 pips (at 1.2710) if reached. The Euro continues to trade lower against the greenback and yesterday’s fall below the support region of 1.2660-1.2700 signals a change in near term momentum, resuming downtrend. Next support is Read More
Monday 11.03.2008
EURUSD Trading strategy: stand aside The Euro recovers some ground after finding support at 1.2700, the 61.8% retracement of the 1.2330-1.3297 move. Minor intraday support is also seen at 1.2815 while on the upside, resistance starts at 1.2925 followed by 1.3 and 1.3110. The daily studies are slightly bullish and will remain so while holding Read More
Friday 10.31.2008
EURUSD Trading strategy: stand aside Downside is back under pressure as the Euro failed to hold its recent gains above the 1.2850 support. Next support is seen at 1.2620 then 1.2500 and 1.2330, lower. Daily momentum is now bearish, after the 3 days of recovery. The “pin bar” on the daily charts formed on yesterday Read More
Thursday 10.30.2008
EURUSD Trading strategy: stand aside The recovery continues and the Euro managed to break the 1.3 barrier, advancing higher to 1.33 before giving back some gains. Daily momentum is slightly bullish now, while holding above 1.3. Resistance is seen at 1.3300 followed by 1.3450 and 1.3600. Support starts at 1.3100 backed by 1.3 and 1.2850. Read More
Wednesday 10.29.2008
EURUSD Trading strategy: small short at 1.3040, initial stop at 1.3080, objective at 1.2940. Adjust stop to breakeven on +30 pips (at 1.3010) if reached. The Euro rallied on yesterday and reached highs at 1.2840, 500 points away from the daily low. The recovery brings pressure on the upside and next objective at 1.2900 is Read More
Tuesday 10.28.2008
EURUSD Trading strategy: small short at 1.2730, initial stop at 1.2770, objective at 1.2650. Adjust stop to breakeven on +30 pips (at 1.2700) if reached. The Euro recovered after reaching fresh lows at 1.2330 and first intraday resistance is seen at 1.2630 followed by 1.2730 and 1.29, higher. Downside pressure remains high and a daily Read More
Monday 10.27.2008
EURUSD Trading strategy: stand aside The Euro resumed the decline on Friday, falling to fresh lows into the 1.2495/00 region. Key support is seen into the 1.2450/70 zone, formed by a bottom of 2006 and the decline should accelerate fast if the said support won’t hold. On the upside, resistance emerges at 1.2660 followed by Read More
Friday 10.24.2008
EURUSD Trading strategy: stand aside Downside is under renewed pressure after testing offers on the 1.3 handle on yesterday. The Euro already lost its gains from yesterday and the decline is likely to accelerate lower once the support into the 1.2730/50 region will be cleared out. Both daily and intraday studies are bearish and support Read More
Thursday 10.23.2008
EURUSD Trading strategy: small short at 1.3, initial stop at 1.3040, objective at 1.2910. Adjust stop to breakeven on +30 pips (at 1.2970) if reached The Euro has found support at 1.2730 but the downside remains under pressure and a potential break will bring the lower objective at 1.2460 on focus. On the upside, intraday Read More
Wednesday 10.22.2008
EURUSD Trading strategy: small short at 1.3, initial stop at 1.3040, objective at 1.2910. Adjust stop to breakeven on +30 pips (at 1.2970) if reached. The Euro has come under renewed pressure extending losses into the 1.2740 region, below both 1.3 mark and last year’s low. Current scenario is extremely bearish for the Euro as Read More
Tuesday 10.21.2008
EURUSD Trading strategy: small short at 1.3400, initial stop at 1.3440, objective at 1.3330. Adjust stop to breakeven on +30 pips (at 1.3370) if reached. Downtrend resumed as the Euro closed lower on yesterday, bringing the 1.3250/60 support on focus. Minor resistance is seen at 1.3350 followed by 1.3400 and 1.3500/30. While below the 1.3400 Read More
Monday 10.20.2008
EURUSD Trading strategy: stand aside The Euro continues to consolidate below the 1.3515 resistance but a potential break higher could initiate a recovery towards the mid 1.37 region within the next trading sessions. The daily sentiment remains bearish while the hourly momentum is slightly bulish at the time of this report. Support is seen at Read More
Friday 10.17.2008
EURUSD Trading strategy: stand aside The Euro recovered some lost ground after testing bids on the 1.3350 handle on yesterday, now being supported by 1.3420, 1.3380 and 1.3350 on the intraday basis. Although the daily bias remains on the downside, current rebound to 1.35 favors extended gains which may aim towards resistance at 1.3550. Above Read More
Thursday 10.16.2008
EURUSD Trading strategy: small short at 1.3550, initial stop at 1.3590, objective at 1.3475. Adjust stop to breakeven on +30 pips (at 1.3520) if reached. The Euro trades lower and the downside is under renewed pressure today, after the 1.3450 support breach. Resistance is now seen at 1.3450 followed by 1.3540 and 1.3690/00 while on Read More
Wednesday 10.15.2008
EURUSD Trading strategy: small short at 1.3800, initial stop at 1.3840, objective at 1.3720. Adjust stop to breakeven on +30 pips (at 1.3770) if reached Near term momentum remains bearish despite yesterday’s rebound to 1.3770. The Euro has yet to build solid support above the 1.3690 mark in order to signal a change on the Read More
Tuesday 10.14.2008
EURUSD Trading strategy: small short at 1.3800, initial stop at 1.3840, objective at 1.3720. Adjust stop to breakeven on +30 pips (at 1.3770) if reached The Euro continues to trade slightly higher, around yesterday’s intraday highs. Daily resistance is set at 1.3690 followed by 1.3750 and 1.3780/00 higher. Key resistance is seen at 1.3880 formed Read More
Monday 10.13.2008
EURUSD Trading strategy: small short at 1.3880, initial stop at 1.3920, objective at 1.3800. Adjust stop to breakeven on +30 pips (at 1.3850) if reached. The Euro recovered after testing bids at 1.3260 on Friday and intraday bias is on the upside. A sustained break of resistance into the 1.3650 region may extend gains towards Read More
Friday 10.10.2008
EURUSD Trading strategy: stand aside The 1.34 zone is under renewed pressure as the Euro failed once again to break the resistance at 1.3750 on yesterday. Intraday studies are bearish and the Euro aims towards support at 1.3440/50. Daily resistance is formed at 1.3630/50 and the stronger barrier at 1.3750/60. If the decline resumes, a Read More
Thursday 10.09.2008
EURUSD Trading strategy: small short at 1.3890, initial stop at 1.3930, objective at 1.3800. Adjust stop to breakeven on +30 pips (at 1.3860) if reached. The resistance at 1.3740/50 is still on focus after two failed tests and a potential break may extend gains towards the 1.39 mark within the next trading sessions. Intraday studies Read More
Wednesday 10.08.2008
EURUSD Trading strategy: stand aside The Euro gained against the dollar on yesterday, testing resistance into the 1.3740/50 region before falling back below the 1.36 mark. Intraday support is formed at 1.3550 backed by 1.3500/10 and 1.3450. Resistance starts at 1.3650 followed by 1.3700 and 1.3740/50. The downside remains under pressure since the Euro failed Read More
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