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Daily analysis and trading strategies 5-10-10
no responses - Posted 05.10.10
EURUSD Trading strategy: standing aside The euro opened higher, recovering some losses as European policy makers put together a loan package worth nearly $1 trillion to support euro's stability. The euro trades currently near 1.300, almost 500 points above Thursday's low and 360 points below this month's open at 1.3360. The recovery ...continue
no responses - Posted 05.10.10
EURUSD Trading strategy: standing aside The euro opened higher, recovering some losses as European policy makers put together a loan package worth nearly $1 trillion to support euro's stability. The euro trades currently near 1.300, almost 500 points above Thursday's low and 360 points below this month's open at 1.3360. The recovery ...continue
Daily analysis and trading strategies 5-7-10
3 responses - Posted 05.07.10
Quote of the day: The only hope is that our civilization will collapse at a certain point, as always happens in history. Then, out of barbarity, a renaissance. -- Pierre Schaeffer EURUSD Trading strategy: standing aside It's hard to describe yesterday's markets disaster. The DJIA fell 1000 points erasing this year's gains before ...continue
3 responses - Posted 05.07.10
Quote of the day: The only hope is that our civilization will collapse at a certain point, as always happens in history. Then, out of barbarity, a renaissance. -- Pierre Schaeffer EURUSD Trading strategy: standing aside It's hard to describe yesterday's markets disaster. The DJIA fell 1000 points erasing this year's gains before ...continue
Daily analysis and trading strategies 5-6-10
no responses - Posted 05.06.10
Quote of the day: Every wave, regardless of how high and forceful it crests, must eventually collapse within itself. -- Stefan Zweig EURUSD Trading strategy: standing aside Another day, another leg down - the euro reached a fresh 15-month low at 1.2763 at time of writing, bringing the long-term support trend line from ...continue
no responses - Posted 05.06.10
Quote of the day: Every wave, regardless of how high and forceful it crests, must eventually collapse within itself. -- Stefan Zweig EURUSD Trading strategy: standing aside Another day, another leg down - the euro reached a fresh 15-month low at 1.2763 at time of writing, bringing the long-term support trend line from ...continue
Daily analysis and trading strategies 5-5-10
no responses - Posted 05.05.10
Quote of the day: If things go wrong, don't go with them. -- Roger Babson EURUSD Trading strategy: looking to sell at 1.3100, stop at 1.3160 (1% risk), objective at 1.3000 The euro continued to collapse on speculation the crisis that began in Greece is spreading - Spain being in focus due to ...continue
no responses - Posted 05.05.10
Quote of the day: If things go wrong, don't go with them. -- Roger Babson EURUSD Trading strategy: looking to sell at 1.3100, stop at 1.3160 (1% risk), objective at 1.3000 The euro continued to collapse on speculation the crisis that began in Greece is spreading - Spain being in focus due to ...continue
Daily analysis and trading strategies 5-4-10
no responses - Posted 05.04.10
EURUSD Trading strategy: standing aside The euro lost more than 1% against the dollar yesterday and the opening gap at 1.3360 was a good opportunity for sellers to initiate their positions again. 1.3200/10 provides intra-day resistance after holding for few hours, as support. In case of a bounce 1.3260/80 might be the ...continue
no responses - Posted 05.04.10
EURUSD Trading strategy: standing aside The euro lost more than 1% against the dollar yesterday and the opening gap at 1.3360 was a good opportunity for sellers to initiate their positions again. 1.3200/10 provides intra-day resistance after holding for few hours, as support. In case of a bounce 1.3260/80 might be the ...continue
Daily analysis and trading strategies 5-3-10
no responses - Posted 05.03.10
EURUSD Trading strategy: standing aside Even though it opened higher today, the euro fell during the Asian session on concern a 110 billion euro bailout package for Greece will fail to contain the region’s sovereign-debt crisis. Short-term sentiment remains bearish as the pair failed to sustain a break above the minor resistance ...continue
no responses - Posted 05.03.10
EURUSD Trading strategy: standing aside Even though it opened higher today, the euro fell during the Asian session on concern a 110 billion euro bailout package for Greece will fail to contain the region’s sovereign-debt crisis. Short-term sentiment remains bearish as the pair failed to sustain a break above the minor resistance ...continue
Daily analysis and trading strategies 4-30-10
2 responses - Posted 04.30.10
EURUSD Trading strategy: standing aside The euro climbed on signs that Greece may reach an agreement on budget cuts, needed for a potential $159 billion bailout, but remains capped at 1.3260/80 former support of March breached Tuesday due to S&P downgrading Greece and Portugal ratings. The whole euro zone sentiment is under ...continue
2 responses - Posted 04.30.10
EURUSD Trading strategy: standing aside The euro climbed on signs that Greece may reach an agreement on budget cuts, needed for a potential $159 billion bailout, but remains capped at 1.3260/80 former support of March breached Tuesday due to S&P downgrading Greece and Portugal ratings. The whole euro zone sentiment is under ...continue
Daily analysis and trading strategies 4-29-10
1 response - Posted 04.29.10
EURUSD Trading strategy: looking to sell at 1.3315, stop at 1.3375 (1% risk), objective at 1.3200 The euro is orbiting around 1.3200 facing high downside pressure as talking on Greece problems continue and Spain was downgraded from AA to AA+ by the S&P - outlook being negative. The FOMC left rates unchanged, ...continue
1 response - Posted 04.29.10
EURUSD Trading strategy: looking to sell at 1.3315, stop at 1.3375 (1% risk), objective at 1.3200 The euro is orbiting around 1.3200 facing high downside pressure as talking on Greece problems continue and Spain was downgraded from AA to AA+ by the S&P - outlook being negative. The FOMC left rates unchanged, ...continue
Daily analysis and trading strategies 4-28-10
2 responses - Posted 04.28.10
EURUSD Trading strategy: stand aside The euro fell to a fresh ytd low following the Standard & Poor’s slashing both Portugal and Greece’s debt rating, spurring concerns about their sovereign debt. A minor correction is underway at the time of writing, trying to overcome 1.3200 - former support. In case of extended gains, ...continue
2 responses - Posted 04.28.10
EURUSD Trading strategy: stand aside The euro fell to a fresh ytd low following the Standard & Poor’s slashing both Portugal and Greece’s debt rating, spurring concerns about their sovereign debt. A minor correction is underway at the time of writing, trying to overcome 1.3200 - former support. In case of extended gains, ...continue
Daily analysis and trading strategies 4-27-10
1 response - Posted 04.27.10
EURUSD Trading strategy: looking to sell at 1.3500, stop at 1.3560(1% risk), objective at 1.3380. Secondary idea: buy at 1.3330, stop at 1.3270(0.5% risk), objective at 1.3430 1.3300 provided support yesterday and the euro recovered, returning into the top side where it left off Friday. Short-term sentiment remains bearish and a more ...continue
1 response - Posted 04.27.10
EURUSD Trading strategy: looking to sell at 1.3500, stop at 1.3560(1% risk), objective at 1.3380. Secondary idea: buy at 1.3330, stop at 1.3270(0.5% risk), objective at 1.3430 1.3300 provided support yesterday and the euro recovered, returning into the top side where it left off Friday. Short-term sentiment remains bearish and a more ...continue