EURUSD Trading strategy: stand aside Yesterday’s recovery from 1.4515 renews upside pressure as the euro has reached a fresh ytd high at 1.4650. Although I am bullish on EUR, I believe that current uptrend is due for correction. However, yesterday’s recovery confirms how strong current uptrend is therefore each minor pullback could be a fresh Read More
- Continue reading: Daily analysis and trading strategies 09-15-09
EURUSD Trading strategy: stand aside The potential retreat from 1.4620 I noted on last report is currently in progress, the euro testing bids near the 1.4500 mark at the time of writing this. Intra-day sentiment is bearish and the downside seem favored for now, important support emerging at 1.4450/65 and 1.4400. Short-term sentiment is likely Read More
- Continue reading: Daily analysis and trading strategies 09-14-09
EURUSD Trading strategy: stand aside Key resistance at 1.4620 formed by the 61.8% of the decline from 1.6035 is under pressure at the time of writing this as the dollar continued to weaken across the board throughout the Asian session. In case this resistance region will provide a reversal point, a correction may extend towards Read More
- Continue reading: Daily analysis and trading strategies 09-11-09
EURUSD Trading strategy: stand aside The euro holds gains against the dollar not far below the 1.4600 handle, the new YTD high which has been reached on yesterday. Upside remains favored and potential pullbacks should face support into the 1.4500/30 region then lower, at 1.4430/50 where a more notable support is formed. On the upside, Read More
- Continue reading: Daily analysis and trading strategies 09-10-09
EURUSD Trading strategy: stand aside Upside is under renewed pressure as the euro managed to break out of its recent range which has been limited on the upside by the 1.4400-1.4450. A fresh YTD high has been reached on yesterday’s rally at 1.4535 and the euro holds steady against the dollar near the 1.4500 handle, Read More
- Continue reading: Daily analysis and trading strategies 09-09-09
EURUSD Trading strategy: stand aside The euro maintains a bid tone against the dollar and trades into a narrow range above the 1.4300 mark at the time of this report. Short term sentiment is positive and will remain intact while trading above 1.4200/30. Intra-day momentum is neutral since yesterday’s European session due to the U.S. Read More
- Continue reading: Daily analysis and trading strategies 09-08-09
EURUSD Trading strategy: stand aside 1.4200 provided a good turning point once again on Friday’s test and the euro bounced, returning into the upside zone. Today’s trading is expected to be quiet due to the Labor Day holiday in the U.S. Both intra-day and short term studies are positive and won’t be affected on pullbacks Read More
- Continue reading: Daily analysis and trading strategies 09-07-09
EURUSD Trading strategy: stand aside Yesterday’s rally has been limited by the rising trend line coming from 1.4045 which provided support during the 2′nd half of August. The short term bullish structure remains intact as long as 1.4200 is on the lower side, providing support. On the upside, resistance starts at 1.4350 formed by the Read More
- Continue reading: Daily outlook and trading strategies 09-04-09
GBPUSD I am currently into the long position initiated at 1.6310, on the hourly break of 1.6300 as indicated on my morning technical outlook report. The trade is going well as the market reached the 1.6375 resistance region fast after breaking 1.6300. While holding above 1.6300, odds favor further upside action especially on a break Read More
EURUSD Trading strategy: stand aside The euro recovered half of the recent losses on yesterday, being supported by 1.4200. The European fx trading session will probably be quiet ahead of ECB Interest Rate decision and Trichet’s speech later today. As stated on my yesterday’s report, while 1.4200 holds – short term sentiment remains positive therefore Read More
- Continue reading: Daily outlook and trading strategies 09-03-09
EURUSD Trading strategy: stand aside or long at 1.4055 if we get there, stop at 1.4015, objective at 1.4125. Adjust stop to breakeven on +30 pips (at 1.4085) if reached The euro has been dragged to lows into the 1.4180 region on yesterday’s pullback but the support on the 1.4200 handle remains intact and as Read More
- Continue reading: Daily outlook and trading strategies 09-02-09
EURUSD Trading strategy: stand aside Support formed by the rising trend line coming from 1.4045 has provided a reversal point on yesterday’s downside test and the euro holds steady into the 1.4350 region, 50 points below last week’s top side. Above 1.4000, next upside barrier is emerging at 1.4045/50 which is also the yearly high. Read More
- Continue reading: Daily outlook and trading strategies 09-01-09
EURUSD Trading strategy: stand aside The retracement started on Friday near the 1.4400 handle is currently extending below 1.4300 to as low as 1.4280 at the time of writing this. Intra-day sentiment is bearish and a break above 1.4325 is required to signal uptrend’s resumption. Support formed by the 61.8% of last up leg from Read More
- Continue reading: Daily outlook and trading strategies 08-31-09
EURUSD Trading strategy: stand aside Yesterday’s gains have been capped on the 1.4400 mark but upside remains under pressure as the euro holds steady, conserving gains into the 1.4350 region. As noted on the chart below, the descendant trend line coming from 1.4445 to 1.4330 now may provide a minor support. Below 1.4330, 1.4290-1.4315 could Read More
- Continue reading: Daily outlook and trading strategies 08-28-09
EURUSD Trading strategy: stand aside or hold yesterday’s long position @1.4210 with stop at breakeven My expectation for a potential pullback which will face support and bounce at 1.4210 has been correct but I am still into the trade as the euro has failed to show decent signs of recovery and so far it is Read More
- Continue reading: Daily outlook and trading strategies 08-27-09
EURUSD Trading strategy: stand aside or long at 1.4210 if we get there, initial stop at 1.4160, objective at 1.4300. Adjust stop to breakeven on +30 pips (at 1.4240) if reached The euro has been relatively quiet against the dollar on yesterday, its rally from the 1.4250 region has been capped at 1.4360 and the Read More
- Continue reading: Daily outlook and trading strategies 08-26-09
EURUSD Trading strategy: long at 1.4205, initial stop at 1.4145, objective at 1.4275. Adjust stop to breakeven on +30 pips (at 1.4235) if reached The euro continues to orbit around the 1.4300 handle so far being supported into the 1.4275/80 zone. Intra-day charts show some signs of downside action as a descending triangle has been Read More
- Continue reading: Daily outlook and trading strategies 08-25-09
EURUSD Trading strategy: long at 1.4265, initial stop at 1.4215, objective at 1.4345. Adjust stop to breakeven on +30 pips (at 1.4295) if reached The trend line barrier into the 1.4230 region has been breached on Friday and the dollar fell to 1.4375 per euro, confirming that the correction from 1.4445 is finished and uptrend Read More
- Continue reading: Daily outlook and trading strategies 08-24-09
EURUSD The EURO may continue regaining some ground versus the dollar, probably reaching the 50 retracement of 1.2100-1.1867 at 1.1985. Intraday support was formed by the trendline started at 1.1867 on yesterday to the lows seen during today’s asian session. Secondary support is seen in the 1.1860 area. Resistance starts at 1.1950 followed by 1.2000. Current Read More
Weekly technical outlook, by Liviu Flesar EURUSD After many days of ranging upon the psychological level of 1.2000, the Dollar managed to win the battle with such a strong EUR support and reached lows in the 1.1950 area where it also closed on Friday, therefore adding relevance to an important breakout made by a weekly Read More
Added at 06:02 GMTEURUSD The dollar recovered versus the euro after the ranging frame seen above 1.2100 and a break through 1.2000 looks more and more possible. Interim support was found at 1.2050 and resistance starts at 1.2100 followed by 1.2140. A retracement may trigger good selling opportunities. Current exchange rate is 1.2060 Trading strategies: Read More
Weekly technical outlook, by Liviu FlesarEURUSD The Euro continued to decline versus the US Dollar establishing lows near the 1.2000 level but now it is seeking a secure support that won’t allow it to fall suddenly again to and even below 1.2000. This is probably only a corrective phase, but even so, it may reach Read More
Weekly techincal outlook, by Liviu FlesarEURUSD Euro continued the decline versus the Dollar by resuming the test at 1.2550 on Monday and influenced by the France’s referendum, it fell in the 1.2100 area, finding some support at 1.2160, recovering a bit in the 1.2300 zone ahead of NFP and falling again, ending the week in Read More
Weekly technical outlook, by Liviu Flesar EURUSDAfter a minor retracement in the 1.26 area, the dollar continued its path bringing the psychological level of 1.2500 in focus, with a test which established a record low of this year at 1.2495. Despite the Euro strong bearish sentiment, the greenback was pulled North in a trend corrective Read More
Added on 06:06GMTEURUSD The resistance level at 1.2585 was tested on yesterday and we believe it will be passed today. Resistance starts at 1.2585 followed by 1.2625 and 1.2690. The barrier at 1.2625 may be the key test today. Support starts at 1.2565 backed by 1.2535. Current exchange rate is 1.2577 Trading strategies: Long at Read More
Weekly technical outlook, by Liviu FlesarEURUSD Even if we expected a corrective phase aiming half of the 1.2700 area, the Euro fell below 1.2600 after retracing at 1.2690. The critical trendline seen on the weekly charts started at 1.1375 on 02 of November 2003 and extended right was faced on Friday, in the 1.2550 area. Read More
Weekly technical outlook, by Liviu Flesar EURUSDDuring the last week, the dollar rallied versus all the currencies across the board, breaking through all the major support levels seen in the 1.2800 to 1.2600 range.Looking at the hourly studies, we can see a downward channel and the pair hitting its floor on Friday and this is Read More
Added on 05/11 at 05:42GMT EURUSD The Euro declined a bit during a quiet Asian session and key support is seen now at 1.2850. Resistance starts at 1.2870 followed by 1.2930. The Trade Balance data today will have a major impact upon the market direction, this area of 1.2870-1.2930 being a crossroad. Current exchange rate Read More
Weekly technical outlook, by Liviu FlesarEURUSDThe Euro rose to the 50% retracement of 1.3121-1.2832 which is the key level of 1.2990 and as we expected one week ago, it was not able to break through 1.2990, reversing there and getting back in the deeps of the 1.28 area. The narrow range of 1.2930-1.2990 was suggesting Read More
Weekly technical outlook, by Liviu Flesar EURUSDEuro reached key support in the 1.286/7 area, breaking the major support levels in the 1.29 area. After breaking 1.299 which acted as a key permited retracement before steping foward to 1.31/32, the bearish sentiment on both hourly and daily studies is now re-focused. Influenced by the losses versus the Read More
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