EURUSD Trading strategy: stand aside Support into the 1.4650 region may be tested later as the Euro reversed after testing resistance at 1.4800 on yesterday. Short term bias is on the downside while resistance at 1.4800 holds. Previous support at 1.4700 provides a minor resistance now, followed by 1.4760 and 1.4800. Support starts at 1.4675 Read More
Monday 08.25.2008
EURUSD Trading strategy: stand aside The Euro could not break the resistance at 1.4900 on Friday and declined, testing bids at 1.4700 on today’s Asian session. Bias remains on the downside while resistance into the 1.4800 region holds, and extended losses towards recent lows into the 1.4630/50 zone are possible. Intraday studies are bearish at Read More
Friday 08.22.2008
EURUSD Trading strategy: small short at 1.4975, initial stop at 1.5015, objective at 1.4925. Adjust stop to breakeven on +30 pips (at 1.4945) if reached. The rally past resistance at 1.4850 on yesterday provides clues of a corrective move which could be underway, with key resistance aimed into the 1.4965/80 region. Interim resistance is seen Read More
Thursday 08.21.2008
EURUSD Trading strategy: small long at 1.4810 on break of 1.4800, initial stop at 1.4770, objective at 1.4860. Adjust stop to breakeven on +30 pips (at 1.4840) if reached The Euro recovered after testing support at 1.4700 on yesterday and resistance into the 1.48 region is under pressure at the time of this writing. Intraday Read More
Wednesday 08.20.2008
EURUSD Trading strategy: small long at 1.4810 on break of 1.4800, initial stop at 1.4770, objective at 1.4860. Adjust stop to breakeven on +30 pips (at 1.4840) if reached. The Euro recovered on yesterday, breaking the intraday resistance at 1.4700 then testing offers at 1.4800. Interim support has been set at 1.4750 which is backed Read More
Tuesday 08.19.2008
EURUSD Trading strategy: small short at 1.4665, initial stop at 1.4705, objective at 1.4615. Adjust stop to breakeven on +30 pips (at 1.4635) if reached. Support into the 1.4650 zone failed to hold and the Euro is currently testing bids into the 1.4630 region. Intraday studies are bearish and a sustained break of 1.4650 may Read More
Monday 08.18.2008
EURUSD Trading strategy: small short at 1.4810, initial stop at 1.4850, objective at 1.4760. Adjust stop to breakeven on +30 pips (at 1.4780) if reached. The US dollar continued its rally during the last week, breaking through technical barriers into the 1.49-1.5 region, bringing the 50% retracement of the 1.3263-1.6038 at 1.4651 on focus. The Read More
Friday 08.15.2008
EURUSD Trading strategy: small short at 1.4790, initial stop at 1.4835, objective at 1.4740. Adjust stop to breakeven on +30 pips (at 1.4760) if reached) The breach of the support at 1.4820 on yesterday extends the decline into the mid 1.47 region where interim support is being tested at the time of this writing. Next Read More
Thursday 08.14.2008
EURUSD Trading strategy: small short at 1.5010, initial stop at 1.5055, objective at 1.4940. Adjust stop to breakeven on +30 pips (at 1.4980) if reached. Recent low into the 1.4815 region may be focused later today as the Euro resumed the downtrend, testing bids into the 1.4850 zone. Interim support is formed at 1.4850 and Read More
Wednesday 08.13.2008
EURUSD Trading strategy: small short at 1.5060, initial stop at 1.5100, objective at 1.5010. Adjust stop to breakeven on +30 pips (at 1.5030) if reached. The Euro recovered some ground on yesterday after testing bids at 1.4820, but it failed to break the intraday resistance at 1.4950/60. The recovery may extend further if the Euro Read More
Tuesday 08.12.2008
EURUSD Trading strategy: small short at 1.4920, initial stop at 1.4960, objective at 1.4870. Adjust stop to breakeven on +30 pips (at 1.4890) if reached. The Euro continues its decline as the US dollar rallies across the board. Important support at 1.5 and 1.4920 has been passed by, not being able to limit the downside. Read More
Monday 08.11.2008
EURUSD Trading strategy: small short at 1.5140, initial stop at 1.5180, objective at 1.5090. Adjust stop to breakeven on +30 pips (at 1.5110) if reached. The dollar continues its multi-month largest rally versus the Euro, advancing 330 points on Friday and bringing support at 1.4920 on focus. A corrective move on the upside seem possible, Read More
Friday 08.08.2008
EURUSD Trading strategy: small short at 1.5310, initial stop at 1.5350, objective at 1.5260. Adjust stop to breakeven on +30 pips (at 1.5280) if reached. The Euro continues to suffer large losses versus the greenback as the dollar is very strong across the board. The Euro fell for 3 figures during the last 24 hours, Read More
Thursday 08.07.2008
EURUSD Trading strategy: small short at 1.5520, initial stop at 1.5560, objective at 1.5470. Adjust stop to breakeven on +25 pips (at 1.5495) if reached. The Euro continued its fall on yesterday, testing bids on the 1.5400 mark which is the first support level today. Below 1.5400, support is formed at 1.5345 then 1.5300 and Read More
Wednesday 08.06.2008
EURUSD Trading strategy: small short at 1.5597, initial stop at 1.5637, objective at 1.5547. Adjust stop to breakeven on +30 pips (at 1.5567) if reached. The Euro bounced on the 1.5445 trendline support on yesterday and now comes closer to the resistance region at 1.5525/35. More selling interest should emerge into the 1.5530 zone but Read More
Tuesday 08.05.2008
EURUSD Trading strategy: small short at 1.5573, initial stop at 1.5613, objective at 1.5523. Adjust stop to breakeven on +30 pips (at 1.5543) if reached. The Euro failed to break the 1.5635 resistance on yesterday and declined, forming an intraday triple top at 1.5525. More important support is eyed into the 1.5465 zone and a Read More
Monday 08.04.2008
EURUSD Trading strategy: small short at 1.5690, initial stop at 1.5730, objective at 1.5640. Adjust stop to breakeven on +30 pips (at 1.5660) if reached. Not much happened on Friday after the NFP data release, support at 1.5520 being stable enough. Resistance starts at 1.5600 followed by 1.5630, 1.5690/00 and 1.5750. Support starts at 1.5550/55 Read More
Friday 08.01.2008
EURUSD Trading strategy: stand aside Recent failure on holding above resistance into the mid 1.56 zone brings the downside back on focus with support building up into the 1.5550 region backed by stronger support around 1.5450. On the upside, resistance at 1.5635 remains valid, followed by 1.5690/00 and 1.5750 higher. Daily sentiment remains bearish as Read More
Thursday 07.31.2008
EURUSD Trading strategy: stand aside The recovery to 1.5600 after testing bids at 1.5520 suggests that the resistance into the 1.5635 zone and later at 1.5660 may be tested today. Short term sentiment is bearish and a sustained break of the higher resistance at 1.5750 is required in order to confirm a potential resume of Read More
Wednesday 07.30.2008
EURUSD Trading strategy: small short at 1.5635, initial stop at 1.5675, objective at 1.5575. Adjust stop to breakeven on +30 pips (at 1.5605) if reached. The Euro declined after the failed attempts on breaking resistance into the 1.5750 zone, reaching lows at 1.5555. Short term momentum is negative and the break of the support at Read More
Tuesday 07.29.2008
EURUSD Trading strategy: stand aside Key resistance into the 1.5750 region remains valid and a sustained break may encourage a rally towards the 1.58 zone. Support starts at 1.5715 backed by 1.5670 and 1.5625/30. Downside risk emerges below intraday support at 1.5670. Daily studies are bearish while 1.5750 is intact and the intraday studies are Read More
Monday 07.28.2008
EURUSD Trading strategy: stand aside Friday’s minor recovery of the Euro doesn’t suggest that an uptrend resume is underway as the resistance into the 1.5750 region could not be cleared and above 1.5750 there’s key resistance also into the 1.5790 zone. A potential break above the second mentioned barrier will confirm the resume of the Read More
Friday 07.25.2008
EURUSD Trading strategy: small long at 1.5690, initial stop at 1.5650, objective at 1.5740. Adjust stop to breakeven on +30 pips (at 1.5720) if reached. The daily close above the 1.5670 mark (50% retracement of the 1.5302-1.6038 move) suggests that a correction towards the mid 1.57 or above is possible today. Support backs 1.5670 at Read More
Thursday 07.24.2008
EURUSD Trading strategy: small long at 1.5588, initial stop at 1.5548, objective at 1.5648. Adjust stop to breakeven on +30 pips (at 1.5618) if reached. The decline continued on yesterday and the Euro reached lows into the 1.5670 region, testing the 50% retracement of the 1.5302-1.6038 move. Short term sentiment is bearish but if the Read More
Wednesday 07.23.2008
EURUSD Trading strategy: small short at 1.5850, initial stop at 1.5890, objective at 1.5800. Adjust stop to breakeven on +30 pips (at 1.5820) if reached. The Euro declined on yesterday, testing bids into the 1.5760 zone. The failure to take out the resistance into the 1.5930/35 region along with the daily close below weekly support Read More
Tuesday 07.22.2008
EURUSD Trading strategy: stand aside Recent climb past the 1.5885/90 initial resistance confirms the uptrend and important resistance at 1.5930/35 is on focus at the time of this writing. A potential break of the 1.5930/35 barrier may encourage a rally towards the 1.6 zone where next important resistance levels are seen at 1.6020 an 1.6050. Read More
Monday 07.21.2008
EURUSD Trading strategy: stand aside The Euro continues to trade around the 1.5850 mark into a tight range of 80 points, looking for direction. Important support is formed around 1.5820 backed by 1.5790 and 1.5750. Resistance is emerging at 1.5885/90 followed by 1.5930. Short term studies are slightly bullish but a potential break below the Read More
Friday 07.18.2008
EURUSD Trading strategy: stand aside Solid intraday resistance into the 1.5890 region remained intact on yesterday but is attracting the Euro at the time of this report. Support is formed at 1.5825 backed by 1.5790/05 and 1.5750 lower. Important resistance follows 1.5990 at 1.5930 and a potential break may encourage further gains towards recent all-time Read More
Thursday 07.17.2008
EURUSD Trading strategy: stand aside The dollar recovered some ground on yesterday, putting pressure on the 1.5800 support level which limited the downside for now. The fast decline after reaching the new record high at 1.6038 suggests that a top has been formed for now and more downside is likely since key support into the Read More
Wednesday 07.16.2008
EURUSD Trading strategy: small long at 1.5840, initial stop at 1.5800, objective at 1.5890. Adjust stop to breakeven on +30 pips (at 1.5870) if reached. The Euro has reached record highs into the 1.6040 region on yesterday but failed to hold its gains above the 1.5900 mark and the accelerated decline has got support into Read More
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