EURUSD Trading strategy: stand aside Upside is under pressure as the Euro has reached a higher high on yesterday, climbing towards first important resistance level at 1.3840. A sustained break above the said barrier will most likely trigger some short-covering, pushing towards the 1.4 mark for a later test. Minor support is now seen at Read More
Thursday 01.08.2009
EURUSD Trading strategy: small short at 1.3830, initial stop at 1.3870, objective at 1.3730. Adjust stop to breakeven on +30 pips (at 1.3800) if reached The Euro recovered on yesterday, testing offers near 1.3750 before pulling back to 1.3560. On an intra-day basis, the upside may remain under pressure but the daily studies are bearish Read More
Wednesday 01.07.2009
EURUSD Trading strategy: small short at 1.3830, initial stop at 1.3870, objective at 1.3730. Adjust stop to breakeven on +30 pips (at 1.3800) if reached. The Euro has slipped on yesterday to 1.3312 against the greenback before recovering to 1.3545 which is the first intraday upside barrier for now. Above 1.3545/50, other resistance levels are Read More
Tuesday 01.06.2009
EURUSD Trading strategy: small short at 1.3370, initial stop at 1.3410, objective at 1.3270. Adjust stop to breakeven on +30 pips (at 1.3340) if reached. Euro’s decline extends below short-term support at 1.3635 opening a potential move lower towards 1.3377, the 61.8% retracement of the 1.2548-1.4719 upward swing. Daily studies remain bearish while holding below Read More
Monday 01.05.2009
EURUSD Trading strategy: stand aside Downside is under pressure while the Euro trades below the 1.4 mark. Intra-day support is seen at 1.3830 backed by key support at 1.3640 formed by the 50% retracement of the 1.2550-1.4733 move. Daily studies are slightly bearish while the hourlies are mixed at the time of this writing. A Read More
Tuesday 12.23.2008
EURUSD Trading strategy: stand aside The Euro trades around the 1.4000 mark, below resistance at 1.4125 which could not be cleared on yesterday. Hourly momentum is slightly bullish but a sustained break of 1.4125 is needed to signal an end of current pullback. Important resistance is also seen at 1.4270. On the lower side, support Read More
Monday 12.22.2008
EURUSDTrading strategy: stand asideThe Euro currently recovers after the large retracement which occured on Friday. First resistance is seen at around 1.4150 followed by 1.4260 and 1.4450. On the downside, minor support is seen at 1.4000 backed by 1.3900 and 1.3840. Key support is seen lower, at 1.3635, formed by the 50% retracement of the Read More
Friday 12.19.2008
EURUSD Trading strategy: small short at 1.4150, initial stop at 1.4190, objective at 1.4050. Adjust stop to breakeven on +30 pips (at 1.4120) if reached. Downside is under pressure as the Euro pulled back 500 points after testing 1.4700 on yesterday. The lower close after reaching a multi-week high on yesterday suggests that a correction Read More
Thursday 12.18.2008
EURUSD Trading strategy: small long at 1.4065, initial stop at 1.4025, objective at 1.4165. Adjust stop to breakeven on +30 pips (at 1.4095) if reached. The Euro continued its rally against the dollar, reaching fresh highs at 1.4495 before pulling back 100 points. Key resistance at 1.4185 has been cleared out on yesterday and next Read More
Wednesday 12.17.2008
EURUSD Trading strategy: small long at 1.3880, initial stop at 1.3840, objective at 1.3980. Adjust stop to breakeven on +30 pips (at 1.3910) if reached. The Euro rallied on yesterday against the greenback, reaching the 50% retracement of the 1.6035-1.2324 move at 1.4180. The upside should remain under pressure especially if the Euro manages to Read More
Tuesday 12.16.2008
EURUSD Trading strategy: small long at 1.3580, initial stop at 1.3540, objective at 1.3680. Adjust stop to breakeven on +30 pips (at 1.3610) if reached. Bullish momentum continues to develop as the Euro is extending its gains above the 1.3600 mark which was a key medium term resistance. Holding above the said level, the upside Read More
Monday 12.15.2008
EURUSD Trading strategy: small long at 1.3335, initial stop at 1.3295, objective at 1.3405. Adjust stop to breakeven on +30 pips (at 1.3365) if reached. The upside is under pressure as the Euro climbs higher, testing offers on the 1.3500 handle earlier today. Major medium term resistance is seen at 1.3600 formed by the 50% Read More
Friday 12.12.2008
EURUSD Trading strategy: small long at 1.3150, initial stop at 1.3110, objective at 1.3240. Adjust stop to breakeven on +30 pips (at 1.3180) if reached. The Euro rallied on yesterday, extending gains to as high as 1.3405. The 400 points upward move above key resistance levels on the 1.3 handle then 1.3080 and 1.3275/00 suggests Read More
Thursday 12.11.2008
EURUSD Trading strategy: small long at 1.2990, initial stop at 1.2950, objective at 1.3070. Adjust stop to breakeven on +30 pips (at 1.3020) if reached. The Euro continues to climb higher against the greenback, extending gains into the 1.3 zone. Key resistance at 1.3080 has been cleared out, strengthening the daily bullish structure. Next important Read More
Wednesday 12.10.2008
EURUSD Trading strategy: small long at 1.2930, initial stop at 1.2890, objective at 1.3030. Adjust stop to breakeven on +30 pips (at 1.2960) if reached. The Euro trades higher against the dollar, near yestrday’s high on the 1.3000 mark. Short-term bullish structure is intact and momentum gathers strength while the Euro is advancing higher and Read More
Tuesday 12.09.2008
EURUSD Trading strategy: small long at 1.2780, initial stop at 1.2740, objective at 1.2855. Adjust stop to breakeven on +30 pips (at 1.2810) if reached. The Euro is currently testing intraday support at 1.2855, retreating from the 1.2950 zone where key resistance could not be breached on yesterday. The daily studies are slightly bullish and Read More
Monday 12.08.2008
EURUSD Trading strategy: small long at 1.2740, initial stop at 1.2700, objective at 1.2820. Adjust stop to breakeven on +30 pips (at 1.2770) if reached. Resistance into the 1.2850 region is on focus as the Euro recovered Friday’s losses. Next upside barrier is seen at 1.2950, formed by a descending trendline started at 1.3300 on Read More
Friday 12.05.2008
EURUSD Trading strategy: small long at 1.2730, initial stop at 1.2690, objective at 1.2850. Adjust stop to breakeven on +30 pips (at 1.2760) if reached. The Euro has bounced to 1.2850 on yesterday, after testing support into the 1.2550-1.2575 region. The upside is back into play with resistance emerging at 1.2850 then at 1.2990, formed Read More
Thursday 12.04.2008
EURUSD Trading strategy: small long at 1.2400, initial stop at 1.2360, objective at 1.2490. Adjust stop to breakeven on +30 pips (at 1.2430) if reached. The Euro trades lower today ahead of the ECB interest rate decision at 12:45 GMT. Short term sentiment is mixed, support being formed at 1.2570 backed by a rising trendline Read More
Wednesday 12.03.2008
EURUSD Trading strategy: stand aside The Euro has climbed higher versus the US dollar on yesterday, testing resistance into the 1.2760 region, formed by the 50% retracement of the 1.2955-1.2560 swing. While holding below the said barrier, the downside should remain under pressure. Intraday support is formed into the 1.2655/65 zone. Hourly studies are slightly Read More
Tuesday 12.02.2008
EURUSD Trading strategy: small short at 1.2755, initial stop at 1.2795, objective at 1.2665. Adjust stop to breakeven on +30 pips (at 1.2725) if reached. The Euro lacks direction and continues to consolidate into the 1.2580-1.2690 range. Since the decline below support at 1.2810, short term studies are slightly bearish, favoring more downside action. First Read More
Monday 12.01.2008
EURUSD Trading strategy: small short at 1.2795, initial stop at 1.2835, objective at 1.2715. Adjust stop to breakeven on +30 pips (at 1.2765) if reached. The Euro has failed to hold above the 1.2800/15 support on Friday and collapsed, testing bids at 1.2620 earlier today. Downside is favored now and first important resistance is seen Read More
Friday 11.28.2008
EURUSD Trading strategy: stand aside The Euro trades in a narrow range below the 1.3 mark, consolidating recent gains and volatility will probably remain low today. Minor resistance is seen at 1.2970 followed by 1.3080/00 and 1.3125. On the downside, support is seen at 1.2880 backed by 1.2800/15 and 1.2680. Both daily and intraday studies Read More
Thursday 11.27.2008
EURUSD Trading strategy: stand aside The retreat from above the 1.3 mark is corrective, so far, as the daily studies remain bullish. Intraday resistance is formed by yesterday’s support at 1.2925 which could not be broken after several tests today. Above 1.2925, resistance emerges at 1.3 then 1.3080/00 and 1.3260. Support is seen at 1.2800/15 Read More
Wednesday 11.26.2008
EURUSD Trading strategy: small long at 1.2815, initial stop at 1.2775, objective at 1.2915. Adjust stop to breakeven on +30 pips (at 1.2845) if reached. The Euro continues to advance higher against the greenback, testing offers near the 1.31 mark on yesterday. Daily sentiment is bullish, favoring extended gains which may bring key resistance at Read More
Tuesday 11.25.2008
EURUSD Trading strategy: small long at 1.2700, initial stop at 1.2660, objective at 1.2800. Adjust stop to breakeven on +40 pips (at 1.2740) if reached. Strengthening across the board, the Euro trades higher versus the greenback, testing resistance at 1.2925/50 on yesterday. A sustained break of the said resistance will suggest further upside action, exiting Read More
Monday 11.24.2008
EURUSD Trading strategy: stand aside The Euro trades on the upside, pushing towards the resistance at 1.2700 which is followed by 1.2825 and 1.2925 higher. Daily sentiment is slightly bullish but has to be confirmed by a sustained break of resistance at 1.2810/25. Support is seen at 1.2575 backed by 1.2500 and 1.2420. Hourly studies Read More
Friday 11.21.2008
EURUSD Trading strategy: small short at 1.2620, initial stop at 1.2660, objective at 1.2540. Adjust stop to breakeven on +30 pips (at 1.2590) if reached. The downside is under renewed pressure as the Euro reached daily lows at 1.2420, only 90 points away from the recent yearly low at 1.2330. Resistance is seen at 1.2575 Read More
Thursday 11.20.2008
EURUSD Trading strategy: small short at 1.2635, initial stop at 1.2675, objective at 1.2555. Adjust stop to breakeven on +30 pips (at 1.2605) if reached. The Euro declined on yesterday after the failed test of the 1.2800 resistance, reaching lows at 1.2470 which is the first intraday support now, backed by 1.2395 and 1.2330/35. Upside Read More
Wednesday 11.19.2008
EURUSD Trading strategy: small short at 1.2965, initial stop at 1.3005, objective at 1.2865. Adjust top to breakeven on +40 pips (at 1.2925) if reached The Euro continues to consolidate into a narrow range, closing slightly lower versus the greenback on yesterday. Intraday support is seen at 1.2525 backed by 1.2420 and recent bottom at Read More
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