EURUSD Trading strategy: short at 1.4300, initial stop at 1.4360, objective at 1.4230. Adjust stop to breakeven on +30 pips (at 1.4270) if reached The euro has extended losses on Friday’s breakdown below 1.4335, reaching intra-day lows at 1.4155, as the dollar recovered due to better than expected NFP results. Support at 1.4175 formed by Read More
- Continue reading: Daily outlook and trading strategies 08-10-09
EURUSD Trading strategy: long at 1.4185, initial stop at 1.4125, objective at 1.4285. Adjust stop to breakeven on +30 pips (at 1.4215) if reached The euro has pulled back on yesterday but 1.4335 provided a stable support and limited losses. Since today is the NFP release day, extra caution is needed, as large moves are Read More
- Continue reading: Daily outlook and trading strategies 08-07-09
EURUSD Trading strategy: long at 1.4185, initial stop at 1.4125, objective at 1.4285. Adjust stop to breakeven on +30 pips (at 1.4215) if reached The pair trades quietly ahead of ECB’s Interest Rate Decision later today, at 12:45 GMT, which is expected to remain at 1%. First support is formed into the 1.4335/50 region by Read More
- Continue reading: Daily outlook and trading strategies 08-06-09
EURUSD Trading strategy: long at 1.4305, initial stop at 1.4245, objective at 1.4395. Adjust stop to breakeven on +30 pips (at 1.4335) if reached Yesterday’s view remains unchanged as the pair traded into a narrow range of 65 points, closing in-line with the opening price at .14410. On a potential pullback, the euro will face Read More
- Continue reading: Daily outlook and trading strategies 08-05-09
EURUSD Trading strategy: long at 1.4305, initial stop at 1.4245, objective at 1.4395. Adjust stop to breakeven on +30 pips (at 1.4335) if reached A fresh yearly high has been reached on yesterday’s rally – at 1.4445, 150 points above the barrier at 1.4300 which has provided a stable resistance for several days. Current breakout Read More
- Continue reading: Daily outlook and trading strategies 08-04-09
EURUSD Trading strategy: long at 1.4160, initial stop at 1.4110, objective at 1.4230. Adjust stop to breakeven on +30 pips (at 1.4190) if reached The 1.4300 mark is under renewed pressure as the euro resumed uptrend and rallied on Friday, overcoming the intra-day resistance at 1.4160/70. On a medium term basis, the bullish structure remains Read More
- Continue reading: Daily outlook and trading strategies 08-03-09
EURUSD Trading strategy: stand aside The euro recovered half of recent losses from 1.4300 to 1.4007 and a break above 1.4160/70 may confirm that the drop towards the 1.4000 handle was corrective. Intra-day price action favors a test of 1.4160/70 on the coming trading sessions. Above 1.4170, next objective is seen at 1.4230 then higher, Read More
- Continue reading: Daily outlook and trading strategies 07-31-09
EURUSD Trading strategy: stand aside Support has been found on the 1.4000 handle on yesterday’s extended decline and the euro currently tries to stabilize above 1.4050. Downside risk remains high on a short-term basis as long as 1.4130 may provide a selling/reversal point on extended gains, hence keeping the euro on the lower zone. A Read More
- Continue reading: Daily outlook and trading strategies 07-30-09
EURUSD Trading strategy: long at 1.4050, initial stop at 1.3990, objective at 1.4130. Adjust stop to breakeven on +30 pips (at 1.4080) if reached Downside is under renewed pressure as the euro pulled back on yesterday – the pullback being initiated after yet another failed attempt on breaking above 1.4300. Short term momentum is not Read More
- Continue reading: Daily outlook and trading strategies 07-29-09
EURUSD Trading strategy: stand aside Yesterday’s gains have been limited by the 1.4300 mark but the euro seem prepared to retry overcoming the upside barriers today. Minor support has been formed at 1.4250, backed by a more stable one at 1.4200 then 1.4170, lower. Above the interim barrier at 1.4300, important resistance is set at Read More
- Continue reading: Daily outlook and trading strategies 07-28-09
EURUSD Trading strategy: short at 1.4350, initial stop at 1.4410, objective at 1.4270. Adjust stop to breakeven on +30 pips (at 1.4320) if reached Intra-day resistance formed by Friday’s top at 1.4250 is being tested at the time of this writing. Support has been set at 1.4170 on overnight’s pullback and the upside is likely Read More
- Continue reading: Daily outlook and trading strategies 07-27-09
EURUSD Trading strategy: small short at 1.4220, initial stop at 1.4270, objective at 1.4120. Adjust stop to breakeven on +30 pips (at 1.4190) if reached Although it rallied to fresh multi-week high at 1.4290 on yesterday’s US trading session, the euro failed to hold gains and break the 1.4275 intra-day resistance. The fast decline to Read More
- Continue reading: Daily outlook and trading strategies 07-24-09
EURUSD Trading strategy: short at 1.4360, initial stop at 1.4420, objective at 1.4270. Adjust stop to breakeven on +30 pips (at 1.4330) if reached Support into the 1.4150/60 region has provided the reversal point once again on yesterday and the euro is back above 1.4200, testing offers around 1.4250 at the time of this writing. Read More
- Continue reading: Daily market outlook for Thursday 07-23-2009
EURUSD Trading strategy: long at 1.4105, initial stop at 1.4045, objective at 1.4175. Adjust stop to breakeven on +30 pips (at 1.4135) if reached The euro trades slightly lower against the US dollar, testing bids around the 1.4200 handle at the time of this writing. Intra-day price action suggests further downside biased consolidation, perhaps down Read More
- Continue reading: Daily market outlook for Wednesday 07-22-2009
EURUSD Trading strategy: long at 1.4125, initial stop at 1.4065, objective at 1.4200. Adjust stop to breakeven on +30 pips (at 1.4155) if reached The euro has gained 150 points on yesterday, reaching the 1.4250 projected target. It is clear enough that it is approaching the 1.4340 top, which may be tested on the coming Read More
- Continue reading: Daily technical outlook for Tuesday 07-21-2009
EURUSD Trading strategy: long at 1.4120, initial stop at 1.4060, objective at 1.4200. Adjust stop to breakeven on +30 pips (at 1.4150) if reached Upside is under renewed pressure as the euro gained 80 points since the Asian session open. Minor resistance at 1.4150/65 doesn’t seem to hold as the pair trades comfortably into the Read More
- Continue reading: Daily technical outlook for Monday 07-20-2009
EURUSD Trading strategy: small long at 1.4160, initial stop at 1.4110, objective at 1.4245. Adjust stop to breakeven on +30 pips (at 1.4190) if reached The euro continues to advance vs. the US dollar, breaking above 1.4135 on yesterday. Current retreat is corrective and the upside is likely to remain under pressure while the support Read More
- Continue reading: Daily technical outlook for Friday 07-17-2009
EURUSD Trading strategy: long at 1.4025, initial stop at 1.3965, objective at 1.4135. Adjust stop to breakeven on +30 pips (at 1.4055) if reached The euro rallied to as high as 1.4135 on yesterday, following the rebound in crude and equities. Upside was capped by the 1.4135 barrier formed by the downside trend line started Read More
- Continue reading: Daily technical outlook for Thursday 07-16-2009
EURUSD Trading strategy: [hidepost]small long at 1.3970, initial stop at 1.3920, objective at 1.4070. Adjust stop to breakeven on +30 pips (at 1.4000) if reached[/hidepost] The euro is back on the upper territory after visiting the lower zone near the 1.3900 mark on yesterday’s slide, after the failed attempt on breaking the 1.4000 resistance. Current Read More
EURUSD Trading strategy: long at 1.3790, initial stop at 1.3740, objective at 1.3855. Adjust stop to breakeven on +30 pips (at 1.3820) if reached The 1.3900 mark is under pressure at the time of this writing and both intra-day and short-term studies are bearish, price action suggesting a potential breach below 1.3880/00 – which may Read More
EURUSD Trading strategy: stand aside Euro’s recovery against the US dollar on yesterday fails to suggest much and a clear breach above 1.4045/50 is required to signal a resume of the uptrend. Current pullback to 1.3970 at the time of this writing seem corrective and support at 1.3950 or lower, at 1.3900/25 should hold in Read More
EURUSD Trading strategy: small long at 1.3940, initial stop at 1.3890, objective at 1.4040. Adjust stop to breakeven on +30 pips (at 1.3970) if reached Intra-day resistance is being tested at 1.3935/50 and a breach above should open the 1.4000 handle for a later test. Daily sentiment remains slightly bearish and a break of 1.4050 Read More
EURUSD Trading strategy: stand aside The euro pulled back to 1.3900 after the modest test against the 1.4030/50 resistance zone. A potential breakout of the said resistance could have signaled a resume of the uptrend but downside pressure in crude and equities favour the selling on rallies to/above the 1.4000 handle. Current move is most Read More
EURUSD Trading strategy: stand aside The euro managed to close 20 points higher on yesterday, after sliding to as low as 1.3877 before the US trading session open. Intra-day resistance is formed on the 1.4000 handle, followed by another barrier a few points above, into the 1.4030/50 region. On a sustained breach above 1.4030/50, the Read More
EURUSD Trading strategy: stand aside Support into the 1.3950 region is formed by a rising trend line started at 1.3425 on May 18, extended through June’s lows. The euro currently tries to push on the upside, testing the intra-day resistance on the 1.4000 handle. Downside pressure is high since the euro failed to overcome the Read More
EURUSD Trading strategy: stand aside Intra-day support on the 1.4100 failed to hold on yesterday and the pullback extended in the overnight trading to 1.2930, before recovering to 1.4000 at the time of this writing. Minor resistance is formed by the 1.4 handle and a breach above would open the more notable barrier at 1.4050/65 Read More
EURUSD Trading strategy: long at 1.3985, initial stop at 1.3935, objective at 1.4055. Adjust stop to breakeven on +30 pips (at 1.4015) if reached. Alternative idea: long at 1.4160 on the break of 1.4150, initial stop at 1.4110, objective at 1.4240. Adjust stop to breakeven on +30 pips (at 1.4190) if reached Yesterday’s boost to Read More
EURUSD Trading strategy: stand aside The euro lost some ground on yesterday as it failed to hold gains above the 1.4100 handle, and closed lower – therefore affecting the monthly bar that has been closed by 110 points below the open price of 1.4145 which provided the turning point resistance on yesterday’s initial rally. Although Read More
EURUSD Trading strategy: long at 1.4055, initial stop at 1.3995, objective at 1.4140. Adjust stop to breakeven on +30 pips (at 1.4085) if reached Upside is under renewed pressure due to yesterday’s 120 points rebound to as high as 1.4130 on today’s Asian session. The euro holds steady around the 1.4100 handle at the time Read More
EURUSD Trading strategy: long at 1.3920, initial stop at 1.3870, objective at 1.3980. Adjust stop to breakeven on +30 pips (at 1.3950) if reached The upside has been limited by a falling trend-line around 1.4115 – extended from 1.4265 on June 5th though last week’s top at 1.4140. Current pullback may extend towards the support Read More
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