EURUSD Trading strategy: standing aside The euro recovered some ground against the dollar but upside remains capped at 1.3550. Current recovery is probably caused by massive profit taking on quarter-end and the euro may resume the downward trajectory. A sustained break above $1.36 is required to signal a change in short-term sentiment. Meanwhile, it remains Read More
- Continue reading: Daily analysis and trading strategies 4-1-10
EURUSD Trading strategy: standing aside Downside is under renewed pressure and euro sits at 1.3405, 130 points down from yesterday’s top at 1.3537. The 50% retracement of the last up leg from 1.3265 to 1.3535 provides support at 1.3400. backed by 1.3370 a bit lower but both levels are weak under the heavy euro and Read More
- Continue reading: Daily analysis and trading strategies 3-31-10
EURUSD Trading strategy: standing aside The euro holds gains into recently conquered territory of 1.3450-1.3500. Next upside barriers come around 1.3550 and 1.3600. Short term sentiment remains bearish for now and a close above 1.3600 is needed to sustain the ongoing recovery. Intra-day sentiment is neutral; in case of a pullback from current levels, look Read More
- Continue reading: Daily analysis and trading strategies 3-30-2010
EURUSD Trading strategy: standing aside The euro opened higher today against the dollar and first important resistance is under pressure at 1.3450. Short-term sentiment remains bearish while the pair trades below the 1.3450-1.36 region but some more gains are likely, perhaps testing the former support at 1.3550 within the coming days. On the lower side, Read More
- Continue reading: Daily analysis and trading strategies 3-29-10
Quote of the day: Live today, forget the past. — Greek Proverb EURUSD Trading strategy: looking to sell at 1.3450, stop at 1.3520 (0.5% risk), objective at 1.3360 The euro recovers some lost ground after setting a fresh low at 1.3267 as Trichet welcomes the Greek solution. The EU leaders agreed to help debt-ridden Greece Read More
- Continue reading: Daily analysis and trading strategies 3-26-10
EURUSD Trading strategy: looking to sell at 1.3450, stop at 1.3530 (1% risk), objective at 1.3300 The euro continued its decline ahead of the two day summit in Brussels. Bids to as low as 1.3283 have been seen earlier today, following yesterday’s 190 points decline – lacking any notable intra-day corrections. Recent support zone around Read More
- Continue reading: Daily analysis and trading strategies 3-25-10
Quote of the day: You may hate gravity, but gravity doesn’t care. — Clayton Christensen EURUSD Trading strategy: looking to sell at 1.3510, stop at 1.3570(1% risk), objective at 1.3400 The euro dropped to a 10 month low vs. the U.S. dollar as uncertainty about the bailout of Greece damped demand for European assets. Fresh Read More
- Continue reading: Daily analysis and trading strategies 3-24-10
EURUSD Trading strategy: looking to sell at 1.3635, stop at 1.3685 (0.5% risk), objective at 1.3535 The euro recovered after testing bids at 1.3665 yesterday but still holds below 1.3550/60 which provided for 2 weeks. Short-term sentiment is bearish but the pair is still looking for direction and potential rallies above recent intra-day high at Read More
- Continue reading: Daily analysis and trading strategies 3-23-10
Quote of the day: Belief in the absence of illusions is itself an illusion. — Barbara Grizzuti Harrison EURUSD Trading strategy: looking to sell at 1.3625, stop at 1.3685 (1% risk), objective at 1.3505 The euro continued its decline to as low as 1.3503 amid all the talk about a possible bailout for Greece. However, Read More
- Continue reading: Daily analysis and trading strategies 3-22-10
EURUSD Trading strategy: looking to sell at 1.3685, stop at 1.3745 (0.5% risk), objective at 1.3605 Euro’s sell-off continued, extending below $1.36, to as low as 1.3585. Downside remains under pressure as there’s no sign of a recovery and the euro may revisit the 1.3450 support zone within the coming sessions. Resistance into the 1.3670-1.3700 Read More
- Continue reading: Daily analysis and trading strategies 3-19-10
EURUSD Trading strategy: standing aside Downside is under pressure again as the euro failed to hold gains and penetrate higher, above 1.38. Important intra-day support comes at 1.3650, not far from current trading level. If it holds, next objective at 1.3550 might have a chance to stay intact for now. Short-term sentiment remains mixed while Read More
- Continue reading: Daily analysis and trading strategies 3-18-10
Quote of the day: The only certain thing about the future is that it will surprise even those who have seen furthest into it. — Eric Hobsbawm EURUSD Trading strategy: standing aside The euro flirts with the recent top side at $1.38, reaching some fresh highs, as the dollar was weaker across the board yesterday, Read More
- Continue reading: Daily analysis and trading strategies 3-17-10
Quote of the day: It is impossible for a man to learn what he thinks he already knows. — Epictetus EURUSD Trading strategy: holding yesterday’s long @1.3655; will close at breakeven if downtrend resumes 1.3700 provides intra-day resistance on current recovery from 1.3640 – 61.8% of last week’s up leg, intra-day sentiment being slightly bullish Read More
- Continue reading: Daily analysis and trading strategies 3-16-10
EURUSD Currently sitting on the former resistance trend line coming from 1.3840 of February 9, the euro shows some uptrend perspective on a short term basis, but still being under selling pressure. Last week’s recovery along with the recent failed attempts on breaking lower below the 1.3450-1.3500 region suggest that a bottom might be in Read More
- Continue reading: EURUSD, USDJPY and NZDUSD short term outlook 3-15-10
Quote of the day: The market can stay irrational longer than you can stay solvent. — John Maynard Keynes EURUSD Trading strategy: looking to buy dips at 1.3655, stop at 1.3580(1% risk), objective at 1.3795 Last week’s recovery up to 20 days top side and above the downward trend line extended from 1.3850 covering recent Read More
- Continue reading: Daily analysis and trading strategies 3-15-10
Quote of the day: Failure is the condiment that gives success its flavor — Truman Capote EURUSD Trading strategy: small long at 1.3675, stop at 1.3615 (0.5% risk), objective at 1.3785 A break above 1.3680/90 – the trend line resistance extended from 1.3840 – shows up. Some resistance layers are seen above current trading zone Read More
- Continue reading: Daily analysis and trading strategies 3-12-10
EURUSD Trading strategy: waiting for potential break above 1.3700 to consider a long position The euro is approaching the trend line resistance extended from 1.3840, now around 1.3690. Yesterday’s gains were limited ahead of the said resistance level but the euro is conserving recent gains above 1.3600 so a new test is likely. To the Read More
- Continue reading: Daily analysis and trading strategies 3-11-10
Quote of the day: Insanity is doing the same thing over and over again and expecting a different result. — Albert Einstein EURUSD Trading strategy: waiting for a break above 1.3700 to consider a long position Support on the 61.8% of 1.3435-1.3735 at 1.3550 remains intact after the 2nd test but the euro’s recovery is Read More
- Continue reading: Daily analysis and trading strategies 3-10-10
Quote of the day: Good ideas are not adopted automatically. They must be driven into practice with courageous patience. — Hyman Rickover EURUSD The downward trend line coming from 1.3840, now around 1.3700 – provided an intra-day reversal point again, limiting gains on last euro’s attempt to climb higher. Support on the 1.3600 mark has Read More
- Continue reading: Daily analysis and trading strategies 3-9-10
Quote of the day: We must believe in luck. For how else can we explain the success of those we don’t like? — Jean Cocteau EURUSD Another week passed and the euro remains into the 1.3450-1.3730 range, upside being capped around the falling trend line coming from 1.3840. However, as I wrote in my last Read More
- Continue reading: Daily analysis and trading strategies 3-8-10
EURUSD Trading strategy: stand aside Downside comes under renewed pressure as support around 1.3650 formed by the descending trend line coming from 1.3840 along with last week’s top side failed to hold. As the pair continues to bounce off support zone around 1.3450 but fall back from resistance region around 1.3700 too in a ping-pong Read More
- Continue reading: Daily analysis and trading strategies 3-5-10
EURUSD Trading stratetgy: looking to sell at 1.3795, stop at 1.3855(1% risk), objective at 1.3675. Yesterday’s close above last week’s top and above the falling trend line coming from 1.3840 was an upside confirmation and support may be found now into the 1.3625/50 region. There are several important events today such as the ECB Interest Read More
- Continue reading: Daily analysis and trading strategies 3-4-10
Quote of the day: The possession of facts is knowledge, the use of them is wisdom. – Thomas Jefferson EURUSD Trading strategy: stand aside The euro is back into the 1.36 zone after the 4th rebound from the 1.3440 bottom, last week’s top side along with the downward trend line resistance coming from 1.3840 being Read More
- Continue reading: Daily analysis and trading strategies 3-3-10
Quote of the day: Some rise by sin, and some by virtue fall. — William Shakespeare EURUSD Trading strategy: stand aside Lower region of 1.3440-1.3500 is again under pressure as the euro couldn’t hold gains above the 1.36 mark, being hit by cable’s weakness. Resistance formed by the trend line joining recent weekly highs, coming Read More
- Continue reading: Daily analysis and trading strategies 3-2-10
Quote of the day: Never confuse motion with action. — Benjamin Franklin EURUSD Trading strategy: stand aside Despite recent selling pressure ahead of $1.37 – upside seems slightly favored and last recoveries from 1.3450 are suggesting that a temporary bottom has been formed, initiating a short-term trend reversal. A proper confirmation would occur if the Read More
- Continue reading: Daily analysis and trading strategies 03-01-10
EURUSD Trading strategy: stand aside Yesterday’s recovery continued through today’s Asian session and 1.3600 is under pressure at the time of writing this article. My yesterday’s small short at 1.3560 was triggered and is still in play. Short-term sentiment remains unchanged as there’s enough room to the upside up to 1.3850/60, where a sustained break would Read More
- Continue reading: Daily analysis and trading strategies 2-26-10
Quote of the day: Nothing is as simple as we hope it will be. — Jim Horning EURUSD Trading strategy: small short at 1.3560, stop at 1.3610(0.5% risk), 1st objective at 1.3510, 2nd objective at 1.3440 Fresh selling emerged and limited yesterday’s rally to 1.3625 session high, downside pressure intensifying through the Asian session. Recent Read More
- Continue reading: Daily analysis and trading strategies 2-25-10
Quote of the day: A great truth is a truth whose opposite is also a truth. — Thomas Mann EURUSD Trading strategy: small short at 1.3655, stop at 1.3695(0.5% risk), objective at 1.3575 Yesterday’s rally went out of steam ahead of 1.3700 where resistance is formed by the downward trend line coming from 1.4025 (February Read More
- Continue reading: Daily analysis and trading strategies 2-24-10
Quote of the day: He that can have patience can have what he will. — Benjamin Franklin EURUSD Trading strategy: stand aside Still trading in a narrow range but holding up above the 1.3600 mark, below yesterday’s top at 1.3655 – 61.8% of last down leg from 1.3790 to 1.3445. Break above the intra-day resistance Read More
- Continue reading: Daily analysis and trading strategies 2-23-10
Quote of the day: What we anticipate seldom occurs; what we least expected generally happens — Benjamin Disraeli EURUSD Trading strategy: long at 1.3565, stop at 1.3505(1% risk), 1st objective at 1.3625, 2nd objective at 1.3700 Last week’s losses against the U.S. dollar have been lower comparing to the weeks of January and extended corrections Read More
- Continue reading: Daily analysis and trading strategies 2-22-10
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