EURUSD Trading strategy: long at 1.3980, initial stop at 1.3930, objective at 1.4080. Adjust stop to breakeven on +30 pips (at 1.4010) if reached The euro challenges the interim top side as it managed to breach above the 1.4 handle. Intra-day sentiment is bullish and won’t be affected as long as potential pullbacks won’t extend Read More
Thursday 06-25-2009
EURUSD Trading strategy: stand aside The euro dropped on yesterday, not being able to hold gains above the 1.4000 mark. The fast decline was mainly caused by the SNB intervention against the CHF. Short-term studies are showing indecision as the current uptrend is stalling within the 1.38-1.41 range. Intra-day sentiment is currently bearish due to Read More
Wednesday 06-24-2009
gy46a9vub3 EURUSD Trading strategy: long at 1.4000, initial stop at 1.3940, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4030) if reached. Alternative trading idea in case 1.4000 won’t be reached – long at 1.4145, initial stop at 1.4090, objective at 1.4245. Adjust stop to breakeven on +30 pips (at 1.4175) if Read More
Tuesday 06-23-2009
EURUSD Trading strategy: long at 1.3710, initial stop at 1.3660, objective at 1.3780. Adjust stop to breakeven on +30 pips (at 1.3740) if reached The euro dipped below the 1.3880 support on yesterday – the median retracement level of the 1.3455-1.4340 up leg, weakening the short-term sentiment which will remain bearish as long as the Read More
Monday 06-22-2009
EURUSD Trading strategy: long at 1.3760, initial stop at 1.3710, objective at 1.3830. Adjust stop to breakeven on +30 pips (at 1.3790) if reached Downside is under pressure today as Friday’s attempt on breaching above the 1.4000 mark has been rejected at 1.4010. Support at 1.3880 – 50% of 1.3425-1.4340 is on focus and abreach Read More
Friday 06-19-2009
EURUSD Trading strategy: long at 1.4010, initial stop at 1.3960, objective at 1.4080. Adjust stop to breakeven on +30 pips (at 1.4040) if reached The upside barrier on the 1.4000 handle has proven strong enough to resist on yesterday’s tests and the dollar recovered some lost ground but it is giving away gains, as the Read More
Thursday 06-18-2009
EURUSD Trading strategy: long at 1.3930, initial stop at 1.3870, objective at 1.4045. Adjust stop to breakeven on +30 pips (at 1.3965) if reached Intra-day support is now formed on the 1.3900/20 level as the euro managed to recover initial losses on yesterday. While holding above 1.3900, the upside will remain favored and the resistance Read More
Wednesday 06-17-2009
EURUSD Trading strategy: long at 1.3920, initial stop at 1.3870, objective at 1.4000. Adjust stop to breakeven on +30 pips (at 1.3950) if reached Yesterday’s top side into the 1.3930 zone is on focus as the euro recovers monday’s losses. A breach above the 1.4000 mark is needed to signal a resume of the uptrend. Read More
Tuesday 06-16-2009
EURUSD Trading strategy: stand aside Yesterday’s decline has extended into the 1.3750 region before initiating current recovery. Support at 1.3775 formed by the 61.8% retracement of the 1.3425-1.4340 move seem stable and while it holds, the recovery could extend towards yesterday’s open price at 1.3995/00, therefore erasing the 245 points losses. Downside bias remains valid Read More
Monday 06-15-2009
EURUSD Trading strategy: long at 1.3780, initial stop at 1.3730, objective at 1.3880. Adjust stop to breakeven on +30 pips (at 1.3810) if reached The euro trades lower on the beginning of this week, advancing lower towards the 1.3880 support – formed by the median retracement level of the 1.3425-1.4340 up leg. The mentioned level Read More
Friday 06-12-2009
EURUSD Trading strategy: long at 1.4140, initial stop at 1.4090, objective at 1.4240. Adjust stop to breakeven on +30 pips (at 1.4170) if reached Upside remains under pressure as the euro managed to re-test the 1.4150 zone on yesterday, reaching an intra-day high as 1.4175. Current 100 points pullback seem corrective as the pair is Read More
Thursday 06-11-2009
EURUSD Trading strategy: long at 1.4070, initial stop at 1.4020, objective at 1.4150. Adjust stop to breakeven on +25 pips (at 1.4095) if reached Intra-day support has been found on yesterday’s decline at 1.3920 – rising trend-line formed by last 3 days’ lows. The euro tries to recover yesterday’s losses and trades near the 1.4050 Read More
Wednesday 06-10-2009
EURUSD Trading strategy: long at 1.3990, initial stop at 1.3940, objective at 1.4070. Adjust stop to breakeven on +30 pips (at 1.4020) if reached The corrective cycle to as low as 1.3805 seem over and the euro returned on the upside zone, trying to breach above the 1.4100 mark at the time of this writing. Read More
Tuesday 06-09-2009
EURUSD Trading strategy: short at 1.4035, initial stop at 1.4085, objective at 1.3965. Adjust stop to breakeven on +30 pips (at 1.4005) if reached Downside pressure is high although the euro is trying to recover yesterday’s losses, testing offers near the 1.3900 mark at the time of this writing. Upside barriers may limit gains at Read More
Monday 06-08-2009
EURUSD Trading strategy: long at 1.3780, initial stop at 1.3730, objective at 1.3845. Adjust stop to breakeven on +30 pips (at 1.3810) if reached. Downside is under pressure as the euro collapsed on Friday, as a result of the better than expected NFP data – -345k vs. -521k expected. The 330 points pullback has extended Read More
Friday 06-05-2009
EURUSD Trading strategy: stand aside Support on the 1.4100 is stable and couldn’t be breached on yesterday’s attempt when bids at 1.4070 have been tested. The euro holds steady ahead of the NFP data release in the U.S. later today. Minor intra-day resistance is formed into the 1.4235/50 region and a break above should open Read More
Thursday 06-04-2009
EURUSD Trading strategy: stand aside Tuesday’s gains were erased on yesterday’s decline and the 1.4100 mark provides support now. Intra-day studies are negative and a breach above the 1.4225-1.4245 resistance zone is required to confirm a resume of the uptrend. While trading below the said upside barrier, downside pressure may favor a breach below intra-day Read More
Wednesday 06-03-2009
EURUSD Trading strategy: long at 1.4190, initial stop at 1.4140, objective at 1.4260. Adjust stop to breakeven on +30 pips (at 1.4220) if reached The euro is approaching the resistance zone of 1.4620-1.4720 formed by the 61.8% retracement of the 1.6035-1.2330 decline and the top side of the last trend reversal attempt reached on December Read More
Tuesday 06-02-2009
EURUSD Trading strategy: long at 1.4020, initial stop at 1.3970, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4050) if reached Yesterday’s retreat from 1.4250 doesn’t suggest much as the euro managed to close slightly higher but current price action seem to point downwards, intra-day sentiment being slightly bearish at the time Read More
Monday 06-01-2009
EURUSD Trading strategy: long at 1.3990, initial stop at 1.3940, objective at 1.4060. Adjust stop to breakeven on +30 pips (at 1.4020) if reached Key resistance at 1.4185 – 50% of 1.6035-1.2330 – has been tested on Friday’s rally. Current uptrend is strong and the euro managed to gain 750 points on the last 10 Read More
Friday 05-29-2009
EURUSD Trading strategy: short at 1.4170, initial stop at 1.4220, objective at 1.4100. Adjust stop to breakeven on +30 pips (at 1.4140) if reached The euro recovered on yesterday, climbing back into the 1.4000 resistance region. Intra-day momentum is positive and further gains are likely, aiming towards the recent top side of 1.4050. Above 1.4050, Read More
Thursday 05-28-2009
EURUSD Trading strategy: long at 1.3855, initial stop at 1.3805, objective at 1.3955. Adjust stop to breakeven on +30 pips (at 1.3885) if reached The euro failed to climb past 1.4000 on yesterday and initiated a decline, testing bids to as low as 1.3792 a bit earlier today. Short term sentiment remains positive as the Read More
Wednesday 05-27-2009
EURUSD Trading strategy: long at 1.3775, initial stop at 1.3725, objective at 1.3865. Adjust stop to breakeven on +30 pips (at 1.3805) if reached After experiencing an expected corrective move to as low as 1.3860 on yesterday, the euro has recovered – pushing back on the 1.4000 mark. The dollar sell-off is likely to continue Read More
Tuesday 05-26-2009
EURUSD Trading strategy: long at 1.3890, initial stop at 1.3840, objective at 1.3960. Adjust stop to breakeven on +30 pips (at 1.3920) if reached The euro is currently trading slightly lower than yesterday but the downside action is rather corrective, uptrend being expected to resume after confirming support – maybe into the 1.38 region. Intra-day Read More
Monday 05-25-2009
EURUSD Trading strategy: long at 1.3880, initial stop at 1.3830, objective at 1.3950. Adjust stop to breakeven on +30 pips (at 1.3910) if reached The euro continued to advance higher against the dollar on Friday, closing the week around the 1.4000 handle. The 600 points weekly gain confirms the medium term positive sentiment and the Read More
Friday 05-22-2009
EURUSD Trading strategy: long at 1.3790, initial stop at 1.3740, objective at 1.3870. Adjust stop to breakeven on +30 pips (at 1.3820) if reached Breaking above 1.3855 easier than expected, the uptrend confirms its strength and the euro advanced to as high as 1.3955 where it tested offers a bit earlier today. The psychological barrier Read More
Thursday 05-21-2009
EURUSD Trading strategy: long at 1.3690, initial stop at 1.3640, objective at 1.3770. Adjust stop to breakeven on +30 pips (at 1.3720) if reached The euro finally managed to climb above resistance zone of 1.3725/40 and extended its gains to as high as 1.3830 on yesterday’s 245 points rally. Former resistance levels at 1.3725/40 and Read More
Wednesday 05-20-2009
EURUSD Trading strategy: stand aside The euro continued its ascension against the dollar on yesterday and reached intra-day highs into the 1.3665 zone. Current pullback – to 1.3593 at the time of this writing – is rather corrective and the intra-day bullish bias should remain intact as long as the euro holds its recent gains Read More
Tuesday 05-19-2009
EURUSD Trading strategy: long at 1.3510, initial stop at 1.3460, objective at 1.3610. Adjust stop to breakeven on +30 pips (at 1.3540) if reached Minor intra-day resistance formed by a downward trend line extended through last days highs is currently limiting the upside into the 1.3580 region. A breach above the said level should open Read More
Monday 05-18-2009
EURUSD Trading strategy: short at 1.3590, initial stop at 1.3640, objective at 1.3505. Adjust stop to breakeven on +30 pips (at 1.3560) if reached Support has been found on the 61.8% retracement of the 1.3250-1.3720 move at 1.3430 and the euro is currently recovering some of its recent losses. Daily sentiment remains positive despite Friday’s Read More
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