EURUSD Trading strategy: small short at 1.3750, initial stop at 1.3790, objective at 1.3700. Adjust stop to breakeven on +30 pips (at 1.3720) if reached The downside is under high pressure as the Euro fell to its lowest level since August 2007, testing bids at 1.3440 on yesterday. The intraday studies are now bullish and Read More
Monday 10.06.2008
EURUSD Trading strategy: small short at 1.3750, initial stop at 1.3790, objective at 1.3700. Adjust stop to breakeven on +30 pips (at 1.3720) if reached. The Euro has reached a fresh low after the 130 points gap at today’s open. Current levels are extremely bearish for the Euro and no signs of a rebound are Read More
Friday 10.03.2008
EURUSD Trading strategy: stand aside The Euro recovered some lost ground today after reaching fresh lows at 1.3745 on yesterday. Nearby resistance is on focus at 1.3885/00 followed by 1.3950 and 1.4 . Support starts at 1.3800 backed by 1.3745 and 1.3690. Intraday studies are bullish at the time of this writing and large moves Read More
Thursday 10.02.2008
EURUSD Trading strategy: small short at 1.3870 on break of 1.3880/85, initial stop at 1.3910, objective at 1.3800. Adjust stop to breakeven on +30 pips (at 1.3840) if reached. The Euro continues is under renewed pressure since the psychological bottom at 1.4 has been broken and the recent low at 1.3880 is on focus. A Read More
Wednesday 10.01.2008
EURUSD Trading strategy: small short at 1.4280, initial stop at 1.4320, objective at 1.4200. Adjust stop to breakeven on +30 pips (at 1.4250) if reached. The Euro continues to press lower testing bids at 1.4010 on yesterday. The downside remains on focus as the daily studies are bearish and a resume of the decline may Read More
Tuesday 09.30.2008
EURUSD Trading strategy: stand aside The Euro is again under pressure, leaving the 1.45 zone behind. Support is seen at 1.4300 backed by 1.4260 and 1.4160. Resistance starts at 1.4430 followed by 1.4500 and 1.4615. Daily momentum is losing strength and may turn bearish soon if the pair Euro continues to weaken and fall below Read More
Monday 09.29.2008
EURUSD Trading strategy: stand aside Intraday studies are bearish and the current decline below the 1.4475 mark may continue towards next support level at 1.4375. Short term momentum is bullish but a potential breach of the support at 1.4375 will signal a reversal, confirming the resume of the downtrend. Resistance starts at 1.4475 followed by Read More
Friday 09.26.2008
EURUSD Trading strategy: stand aside The Euro lacks the strength to advance towards the recent highs at 1.4765 and above, towards the 1.4860 mark. While holding below 1.47, the pair is vulnerable to more downside action and a move to 1.4475 may occur. Intraday studies are bearish at the time of this writing. The daily Read More
Thursday 09.25.2008
EURUSD Trading strategy: small short at 1.4900, initial stop at 1.4940, objective at 1.4830. Adjust stop to breakeven on +30 pips (at 1.4870) if reached The Euro dipped as low as 1.4603 on yesterday, before pushing above the 1.47 mark to 1.4730 overnight. Intraday resistance is seen at 1.4740/50 followed by 1.4800 and 1.4860. Current Read More
Wednesday 09.24.2008
EURUSD Trading strategy: stand aside The Euro holds its recent gains above the 1.46 mark and the daily momentum remains bullish. The gains may extend forward towards the highs into the 1.4860 region if yesterday’s decline to 1.4620 is only a retracement. The retracement scenario remains valid while the Euro doesn’t fall below the 1.4540/50 Read More
Tuesday 09.23.2008
EURUSD Trading strategy: small long at 1.4640, initial stop at 1.4600, objective at 1.4730. Adjust stop to breakeven on +30 pips (at 1.4670) if reached. The 1.5 zone is back on focus after yesterday’s rally of 430 points. The bias for the US dollar this week remains bearish and the Euro recovery is likely to Read More
Monday 09.22.2008
EURUSD Trading strategy: small long at 1.4350, initial stop at 1.4310, objective at 1.4420. Adjust stop to breakeven on +30 pips (at 1.4380) if reached. The Euro is stronger and it recovered some of its recent losses on Friday, after an impressive rally of 340 points. Strong resistance is formed into the 1.4570 region and Read More
Friday 09.19.2008
EURUSD Trading strategy: stand aside The Euro is softer vs the US dollar today, testing bids near the 1.4200 mark. The dollar may advance forward while the market is focused on financial sector stability and coordinated central bank action. Minor support is seen at 1.4200 backed by 1.4150 and 1.4090. Resistance starts at 1.4300 followed Read More
Thursday 09.18.2008
EURUSD Trading strategy: stand aside The Euro is advancing higher vs the US dollar, testing offers around the 1.4380 mark a bit earlier today. The market remains violent as the extreme volatility is causing moves of 250+ points a day. Intraday support is seen at 1.4300 backed by 1.4200 and 1.4090. Resistance starts at 1.4390 Read More
Wednesday 09.17.2008
EURUSD Trading strategy: small short at 1.4345, initial stop at 1.4385, objective at 1.4285. Adjust stop to breakeven on +30 pips (at 1.4315) if reached. The Euro recovers after yesterday’s decline, now testing offers around the 1.42 mark. Large moves on both sides are expected until the financial markets turbulence will get to an end. Read More
Tuesday 09.16.2008
EURUSD Trading strategy: stand aside The Euro found interim support at 1.4175 after trading in a 400 pips range on yesterday. Support is also formed at 1.4055 and 1.3880 while resistance starts at 1.4300 followed by 1.4350 and 1.4480. Both daily and hourly studies are bearish but the Euro has to fall below 1.4055 in Read More
Monday 09.15.2008
EURUSD Trading strategy: stand aside The Euro is recovering some lost ground, bringing the 1.45 area on focus. Near term resistance is formed at 1.4500 followed by 1.4570 and 1.4630. Support is seen at 1.4350, 1.4310 and 1.4230. The current recovery is normal and doesn’t affect the mid-term bearish sentiment. On an intra-day basis, a Read More
Friday 09.12.2008
EURUSD Trading strategy: small short at 1.4130, initial stop at 1.4170, objective at 1.4065. Adjust stop to breakeven on +30 pips (at 1.4100) if reached. The US dollar remains stronger against the Euro on a short term basis although the Euro recovered on yesterday, closing above the 1.4 mark. Intraday momentum is slightly bullish and Read More
Thursday 09.11.2008
EURUSD Trading strategy: small short at 1.4065, initial stop at 1.4105, objective at 1.4005. Adjust stop to breakeven on +30 pips (at 1.4035) if reached. The Euro dropped another 200 points vs the US dollar on yesterday, as the greenback continues to gain significant ground across the board. The Euro now trades below the 1.4 Read More
Wednesday 09.10.2008
EURUSD Trading strategy: stand aside Having bounced from the 1.4050 support zone brings pressure on the upside, as the Euro may continue to recover a bit versus the US dollar. However, the downside remains on focus despite the current pullback and more selling interest should emerge on the topside, towards the 1.43 region and higher, Read More
Tuesday 09.09.2008
EURUSD Trading strategy: small short at 1.4220, initial stop at 1.4260, objective at 1.4160. Adjust stop to breakeven on +30 pips (at 1.4190) if reached. The Euro fell on yesterday to a new downtrend low at 1.4050, breaching the support at 1.4200. Resistance emerges now at 1.4160 followed by 1.4200 and 1.4270. Support starts at Read More
Monday 09.08.2008
EURUSD Trading strategy: stand aside The Euro recovered after testing bids at 1.4200 on Friday, but the downside remains on focus while resistance into the 1.4550 region holds. The daily studies are bearish while the hourlies are slightly bullish at the time of this writing. The current decline started at 1.4420 is likely to continue Read More
Friday 09.05.2008
EURUSD Trading strategy: small short at 1.4375, initial stop at 1.4415, objective at 1.4310. Adjust stop to breakeven on +30 pips (at 1.4345) if reached. The Euro advanced lower versus the US dollar, breaking long term support at 1.4365 formed by January’s low. Trading below 1.4300 and 1.4365 indicates a selloff signal towards fresh downtrend Read More
Thursday 09.04.2008
EURUSD Trading strategy: stand aside The Euro recovered on yesterday after testing bids into the 1.4390 zone. Minor resistance is seen at 1.5430/40 and a sustained break should encourage further gains towards next barrier at 1.4590/00. Large moves across the board are possible today due to ECB’s rate decision. The downside remains on focus and Read More
Wednesday 09.03.2008
EURUSD Trading strategy: small short at 1.4540, initial stop at 1.4590, objective at 1.4490. Adjust stop to breakeven on +30 pips (at 1.4510) if reached. The Euro continues to drop and support at 1.4470 has been broken during today’s Asian session, reaching lows at 1.4410 which is the current near term support. Below 1.4410, support Read More
Tuesday 09.02.2008
EURUSD Trading strategy: small short at 1.4650, initial stop at 1.4690, objective at 1.4590. Adjust stop to breakeven on +30 pips (at 1.4620) if reached. The downside is under pressure since the support at 1.4570 failed to hold and the next important barrier at 1.4470/80 may be aimed during the upcoming trading sessions. On the Read More
Monday 09.01.2008
EURUSD Trading strategy: small short at 1.4700, initial stop at 1.4740, objective at 1.4650. Adjust stop to breakeven on +30 pips (at 1.4670) if reached. The Euro continues to trade with a heavy tone versus the US dollar and the lower part of the 1.63 zone is under pressure at the time of this writing. Read More
Friday 08.29.2008
EURUSD Trading strategy: stand aside Resistance at 1.4810 remains intact therefore the Euro fails to confirm a potential recovery. On the downside, support at 1.4675 seem pretty strong and may limit the downside for today. Intraday studies are bullish at the time of this writing. Current exchange rate is 1.4746 @06:50 GMT Support levels: 1.4740, Read More
Thursday 08.28.2008
EURUSD Trading strategy: stand aside The Euro maintains the bid tone after reversing on yesterday at 1.4665. Minor intraday support is now seen at 1.4770/75 backed by 1.4700 and 1.4665, then 1.4570 lower. Resistance is seen at 1.4810 followed by 1.4860 and 1.4900/10. The daily studies are bearish but the current pullback may extend towards Read More
Wednesday 08.27.2008
EURUSD Trading strategy: small short at 1.4775, initial stop at 1.4815, objective at 1.4710. Adjust stop to breakeven on +30 pips (at 1.4745) if reached. The Euro recovered after testing bids at 1.4570 on yesterday, but the short term bias remains on the downside. Resistance at 1.4765 and higher at 1.4800/10 should limit the upside Read More
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