EURUSD Trading strategy: stand aside The euro is pushing higher this morning, trading around the 1.3300 mark. Above 1.3300, first resistance is seen at 1.3330/50 then a more notable barrier at 1.3400/15 – former support that may limit the upside for now on extended gains. Daily momentum is slightly bearish and a break above 1.3400 Read More
Wednesday 04.01.2009
EURUSD Trading strategy: small short at 1.3415, initial stop at 1.3455, objective at 1.3330. Adjust stop to breakeven on +30 pips (at 1.3385) if reached Resistance at 1.3330 could not be breached on yesterday and the euro is back below the 1.3200 mark, currently testing bids around yesterday’s opening price. Daily sentiment remains slightly bearish Read More
Tuesday 03.31.2009
EURUSD Trading strategy: small short at 1.3405, initial stop at 1.3445, objective at 1.3330. Adjust stop to breakeven on +30 pips (at 1.3375) if reached. Euro’s decline continued on yesterday and bids near key support at 1.3100 have been tested, before recovering to 1.3273, erasing yesterday’s losses of 170 points. Minor resistance is emerging at Read More
Monday 03.30.2009
EURUSD Trading strategy: small long at 1.3075, initial stop at 1.3035, objective at 1.3175. Adjust stop to breakeven on +30 pips (at 1.3105) if reached. Downside is under pressure today after the euro lost 330 points against the dollar on Friday, extending losses today to as low as 1.3180. Next important support is seen at Read More
Friday 03.27.2009
EURUSD Trading strategy: stand aside The Euro lacks direction and continues to consolidate below the 1.36 mark after another failed attempt to stabilize higher on yesterday. First intra-day support is seen at 1.3500/05 – 61.8% retracement of Wednesday’s trading range – confirmed on yesterday’s pullback from 1.3640 topside. Below 1.3500/05, other barriers are noticed at 1.3415/30 Read More
Thursday 03.26.2009
EURUSD Trading strategy: small long at 1.3620, initial stop at 1.3580, objective at 1.3720. Adjust stop to breakeven on +30 pips (at 1.3650) if reached. The support into the 1.3420 zone has proved to be stable and the Euro recovered on yesterday, surmounting the intra-day resistance on the 1.3600 mark to as high as 1.3650 which Read More
Wednesday 03.25.2009
EURUSD Trading strategy: small long at 1.3245, initial stop at 1.3205, objective at 1.3345. Adjust stop to breakeven on +30 pips (at 1.3275) if reached. The Euro continued to retrace on yesterday, testing bids into the 1.3430 zone, switching focus towards bearish objective at 1.3330. Minor support is formed into the 1.3415/30 zone backed by the Read More
Tuesday 03.24.2009
EURUSD Trading strategy: small short at 1.3885, initial stop at 1.3925, objective at 1.3785. Adjust stop to breakeven on +30 pips (at 1.3855) if reached. The Euro continues to consolidate below the 1.3740/50 resistance, testing bids on the downside to as low as 1.3485 on yesterday. The drop is over as the Euro recovered to 1.3670 Read More
Monday 03.23.2009
EURUSD Trading strategy: small short at 1.3850, initial stop at 1.3890, objective at 1.3750. Adjust stop to breakeven on +30 pips (at 1.3820) if reached. Upside is under renewed pressure as the Euro opened higher today, after pulling back to 1.3515 on Friday. First support level is seen at 1.3600 backed by Friday’s low at Read More
Friday 03.20.2009
EURUSD Trading strategy: small long at 1.3700, initial stop at 1.3660, objective at 1.3800. Adjust stop to breakeven on +30 pips (at 1.3730) if reached. Dollar’s weakness intensifies across the board and the Euro gained 320 points on yesterday, breaking above resistance at 1.3590 – median retracement level of the 1.4720-1.2455 move. Near term resistance is Read More
Thursday 03.19.2009
EURUSD Trading strategy: small long at 1.3260, initial stop at 1.3220, objective at 1.3360. Adjust stop to breakeven on +30 pips (at 1.3290) if reached. The Euro has reached the 1.35 zone earlier than expected, on yesterday’s 540 points rally. Key resistance formed by the median retracement of the large 1.4720-1.2455 move comes at 1.3590, Read More
Wednesday 03.18.2009
EURUSD Trading strategy: stand aside The euro maintains its bid tone against the dollar ahead of the Fed’s Interest Rate Decision later today, which is widely expected to hold the benchmark interest rate steady at 0.25%. Yesterday’s close above the 1.3 handle may stimulate further upside action, aiming towards first important resistance at 1.3070/90. Other Read More
Tuesday 03.17.2009
EURUSD Trading strategy: stand aside Holding steady against the greenback, the Euro seem ready to overcome the resistance formed into the 1.3080/90 region by February’s high. Above the said level, renewed gains will probably extend towards a minor top of January around 1.3330 and maybe to 1.3590 within the current month. Key medium term resistance Read More
Monday 03.16.2009
EURUSD Trading strategy: small short at 1.3100, initial stop at 1.3140, objective at 1.3010. Adjust stop to breakeven on +30 pips (at 1.3070) if reached. The Euro consolidates gains above 1.2850 since Thursday, trading near important resistance at 1.2990 at the time of this writing. The daily momentum is bullish and a potential break above Read More
Friday 03.13.2009
EURUSD Trading strategy: stand aside The Euro holds steady near the 1.3000 mark, keeping the upside under pressure. Important short-term resistance levels are formed at 1.2990/00 followed by 1.3090, highs of February. Above the said levels, the Euro may accelerate gains towards 1.3590, median resistance of last downleg from 1.4720 to 1.2455.The daily studies are Read More
Thursday 03.12.2009
EURUSD Trading strategy: stand aside The Euro resumed uptrend on yesterday and reached fresh highs into the 1.2865/70 zone. Current pullback to as low as 1.2760 at the time of this writing doesn’t affect the daily sentiment which remains slightly bullish as long as the Euro holds above the 1.2700 mark. Below the said level, Read More
Wednesday 03.11.2009
EURUSD Trading strategy: small long at 1.2700, initial stop at 1.2660, objective at 1.2800. Adjust stop to breakeven on +30 pips (at 1.2730) if reached. The Euro falls vs the greenback after the failed attempt to establish support above resistance region of 1.2750. The rally to 1.2820 has certainly weakened the upside barriers at 1.2750 Read More
Tuesday 03.10.2009
EURUSD Trading strategy: small short at 1.2865, initial stop at 1.2905, objective at 1.2765. Adjust stop to breakeven on +30 pips (at 1.2835) if reached. The Euro extends rally to session highs into the 1.2720 region, eyeing Friday’s top at 1.2750. Daily momentum is slightly bullish but a confirmation of the uptrend will occur on Read More
Monday 03.09.2009
EURUSD Trading strategy: small long at 1.2515, initial stop at 1.2475, objective at 1.2615. Adjust stop to breakeven on +30 pips (at 1.2545) if reached. Intra-day support into the 1.2630 region is being tested at the time of this writing, as the Euro pulled back from 1.2730/50. Below 1.2615/30 support zone, weakness may intensify favoring Read More
Friday 03.06.2009
EURUSD Trading strategy: stand aside Upside is under pressure ahead of the NFP data release today and the Euro managed to recover after dipping to 1.2480 on yesterday. Minor resistance into the 1.2650/60 region has been cleared out and it looks like the barrier into the 1.2680/00 zone is being breached too, at the time Read More
Thursday 03.05.2009
EURUSD Trading strategy: stand aside The Euro is pulling back from the 1.2660 region where it topped on yesterday and the downside may remain under pressure ahead of the ECB expected rate cut today. Hourly momentum is bearish at the time of this report and intra-day support is seen at 1.2540/55, backed by 1.2450/55 and Read More
Wednesday 03.04.2009
EURUSD Trading strategy: small short at 1.2640, initial stop at 1.2680, objective at 1.2540. Adjust stop to breakeven on +30 pips (at 1.2610) if reached. Fresh intra-day lows have been reached after the short-lived recovery to 1.2675 on yesterday. The decline to 1.2450 brings last year’s lows under pressure and a potential break below 1.2420 Read More
Tuesday 03.03.2009
EURUSD The Euro recovers to the first intra-day resistance at 1.2675/80 formed by the 50% retracement of the 1.2810-1.2540 move. Above the said resistance will strengthen momentum and favor extended gains to 1.2800/10 and maybe above, towards key resistance at 1.2990. Daily sentiment remains bearish while trading below the 1.2890-1.2990 zone and potential rallies are Read More
Tuesday 03.03.2009
EURUSD Trading strategy: small short at 1.2760, initial stop at 1.2800, objective at 1.2680. Adjust stop to breakeven on +30 pips (at 1.2730) if reached. The Euro recovers to the first intra-day resistance at 1.2675/80 formed by the 50% retracement of the 1.2810-1.2540 move. Above the said resistance will strengthen momentum and favor extended gains Read More
Monday 03.02.2009
EURUSD Trading strategy: small short at 1.2705, initial stop at 1.2745, objective at 1.2635. Adjust stop to breakeven on +30 pips (at 1.2675) if reached. The Euro shows a negative bias as it failed to hold above 1.2660/70 support on Friday. Support is emerging at 1.2515 backed by 1.2400/15 and 1.2330. Upside barriers are seen Read More
Friday 02.27.2009
EURUSD Trading strategy: small long at 1.2480, initial stop at 1.2440, objective at 1.2580. Adjust stop to breakeven on +30 pips (at 1.2510) if reached. The Euro maintains a neutral stance on short-term basis, trading at 50 points above daily support formed by 1.2660. Intra-day studies are bearish at the time of this writing and Read More
Thursday 02.26.2009
EURUSD Trading strategy: stand aside The Euro is heading back towards support zone at 1.2670 as it failed to hold gains above the 1.2800 mark on yesterday. Downside bias favors further decline especially if the key support at 1.2670 will be cleared out within the upcoming trading sessions. Upside barriers are emerging now at 1.2750/60 Read More
Wednesday 02.25.2009
EURUSD Trading strategy: stand aside Intra-day support is now formed at 1.2800 as the Euro recovered on yesterday, testing offers at 1.2880. If the recovery continues, a sustained break of 1.2990 and 1.3075/90 key resistance will be favored and the uptrend will be confirmed. On the lower side, support backs 1.2800 at 1.2750, 1.2670 and Read More
Tuesday 02.24.2009
EURUSD Trading strategy: stand aside The Euro backed off from resistance at 1.2990 and found intra-day support at 1.2670. Resistance starts now at 1.2810/30 followed by 1.2900 and 1.2990/00. Support is seen at 1.2670 backed by 1.2570 and 1.2515. Daily momentum has lost strength and it is slightly negative as the Euro has failed to Read More
Monday 02.23.2009
EURUSD Trading strategy: stand aside Daily momentum is slightly bullish due to the 400 points recovery from 1.2515 and resistance emerges at 1.2990/00 followed by a more important barrier into the 1.3075/90 zone. Hourly studies are positive as the Euro gained 170 points today. Support starts at 1.2890 backed by 1.2800/10 and 1.2720/50. Upside may Read More
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