EURUSD Trading strategy: stand aside The Euro failed to maintain an upside bias on yesterday and declined to 1.2800, erasing the 260 points it managed to gain on Tuesday. Minor support is now seen at 1.2800 backed by a more important barrier at 1.2705 and 1.2550. On the upside, resistance emerges at 1.2920 followed by Read More
Wednesday 02.04.2009
EURUSD Trading strategy: small long at 1.2885, initial stop at 1.2845, objective at 1.2985. Adjust stop to breakeven on +30 pips (at 1.2915) if reached. The Euro got a boost on yesterday, clearing the fib resistance into the 1.3015 zone, trading as high as 1.3070 earlier today. Next resistance is eyed at 1.3090, formed by Read More
Tuesday 02.03.2009
EURUSD Trading strategy: small short at 1.3000, initial stop at 1.3040, objective at 1.2900. Adjust stop to breakeven on +30 pips (at 1.2970) if reached. Daily momentum remains bearish as the Euro is too weak to focus on the upside barriers at 1.2950 and 1.3000/15. A sustained break of 1.3015 is needed to confirm the Read More
Monday 02.02.2009
EURUSD Trading strategy: small short at 1.2860, initial stop at 1.2900, objective at 1.2760. Adjust stop to breakeven on +30 pips (at 1.2830) if reached. The downside is under pressure as the Euro tests fresh lows below last month’s bottom at 1.2765. Current breach of the said level signals a resume of the downtrend and Read More
Friday 01.30.2009
EURUSD Trading strategy: stand aside The Euro failed to hold above the 1.3080 support zone on yesterday and the downside is under solid pressure as the pair trades below the psychological barrier of 1.3000. Short term sentiment is bearish and a break below support region of 1.2760-1.2800 will confirm the resume of the decline started Read More
Thursday 01.29.2009
EURUSD Trading strategy: stand aside The Euro has topped at 1.3328 on yesterday and pulled towards daily support at 1.3080. The short-term momentum remains bullish despite current decline but downside pressure is high and a break past resistance into the 1.3150 region is needed to resume uptrend. On the lower side, support emerges at 1.3000 Read More
Wednesday 01.28.2009
EURUSD Trading strategy: stand aside The Euro is currently consolidating recent gains maintaining a bullish bias. Near term resistance is seen at 1.3280 and 1.3380 and a potential break will most likely extend gains towards 1.3550. On the downside, support is seen at 1.3100 and the daily studies will remain bullish while the said support Read More
Tuesday 01.27.2009
EURUSD Trading strategy: stand aside The Euro advanced past key upside barrier into the 1.3080 zone on yesterday, the 380 points rally suggesting that a trend reversal is in progress. The daily momentum is bullish and will remain this way while support at 1.3080 holds. Near term resistance is formed at 1.3280 by the 50% Read More
Monday 01.26.2009
EURUSD Trading strategy: stand aside Downside is back on focus although the Euro recovered on Friday after reaching a fresh multi-week low at 1.2765. Support is seen into the 1.2860 zone backed by Friday’s low at 1.2765 then 1.2550/60 lower. On the upside, resistance emerges at 1.2960 and a break is needed to resume Friday’s Read More
Friday 01.23.2009
EURUSD Trading strategy: stand aside The downside is under renewed pressure as the Euro failed to climb past recent resistance region of 1.3080-1.3100. Important support formed by a rising trendline is seen into the 1.2850 zone and a potential break will probably accelerate a decline towards the 1.2550/60 zone. On the upside, key intra-day resistance Read More
Thursday 01.22.2009
EURUSD Trading strategy: stand aside Current recovery confirms the strong support into the 1.2830/50 region as the Euro got a boost towards the 1.3100 resistance zone on yesterday. Although it has recovered most of Tuesday’s losses, stable support has to be formed above the 1.3020 mark in order to strengthen the short-term momentum which is Read More
Wednesday 01.21.2009
EURUSD Trading strategy: small short at 1.3090, initial stop at 1.3130, objective at 1.2990. Adjust stop to breakeven on +30 pips (at 1.3060) if reached. The Euro trades below the 1.3 mark as the overnight recovery to 1.3020 has been short-lived. Momentum is steadily bearish on both hourly and daily charts. Important support formed by Read More
Tuesday 01.20.2009
EURUSD Trading strategy: small short at 1.3150, initial stop at 1.3190, objective at 1.3050. Adjust stop to breakeven on +30 pips (at 1.3120) if reached. The Euro trades near session lows into the 1.2940 region, after yesterday’s decline of 320 points. Downside is back on focus after the failed attempt on establishing support into the Read More
Monday 01.19.2009
EURUSD Trading strategy: small short at 1.3520, initial stop at 1.3560, objective at 1.3420. Adjust stop to breakeven on +30 pips (at 1.3490) if reached. The Euro rose into the mid 1.33 region on Friday, recovering some of its recent losses. The daily studies remain bearish and key resistance is formed at 1.3380, followed by Read More
Friday 01.16.2009
EURUSD Trading strategy: small short at 1.3540, initial stop at 1.3590, objective at 1.3440. Adjust stop to breakeven on +30 pips (at 1.3510) if reached. The Euro has reached lows into the 1.3025 region on yesterday, suggesting that a breach of key support into the 1.3080-1.3100 zone is highly possible, but reversed and climbed to Read More
Thursday 01.15.2009
EURUSD Trading strategy: small short at 1.3090, initial stop at 1.3130, objective at 1.3000. Adjust stop to breakeven on +30 pips (at 1.3060) if reached. The Euro is trading lower ahead of ECB Interest Rate Decision today, as a cut of 50 bps being expected. Support at 1.3100 is still intact but on focus and Read More
Wednesday 01.14.2009
EURUSD Trading strategy: small short at 1.3405, initial stop at 1.3445, objective at 1.3305. Adjust stop to breakeven on +30 pips (at 1.3375) if reached. Downside remains under pressure as the Euro has reached intra-day lows at 1.3140 on yesterday. Current recovery to 1.3300 is rather corrective and the decline is likely to resume within Read More
Tuesday 01.13.2009
EURUSD Trading strategy: stand aside The Euro is currently testing bids below the 1.3280 support, formed by the 61.8% retracement of the 1.2390-1.4720 move. The selling may accelerate towards next important support which is seen at 1.3100 and below, on the 1.3 mark. Both intra-day and daily studies are bearish and a change on daily Read More
Monday 01.12.2009
EURUSD Trading strategy: small short at 1.3550, initial stop at 1.3590, objective at 1.3455. Adjust stop to breakeven on +30 pips (at 1.3520) if reached. The Euro declined versus the greenback on Friday, falling below support at 1.3550. Short-term studies maintain their bearish bias and next downside target is seen at 1.3280, the 61.8% retracement Read More
Friday 01.09.2009
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
Warning: All the information on this site is provided "as is" for INFORMATIONAL AND EDUCATIONAL PURPOSES ONLY, not intended for trading purposes or advice.
Bear in mind that you are the only one responsible for your own trades. If you follow anyone else expecting to replicate his results, then you are doing something wrong.
Forex Trading is speculative, involves significant risk of loss and is not suitable for everyone (Full Disclaimer) - (Terms of Use)
This work by innerfx.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Permissions beyond the scope of this license may be available at http://www.innerfx.com/terms-of-use.