EURUSD Trading strategy: small long at 1.2960, stop at 1.2880(0.5% risk), 1st objective at 1.3010, 2nd objective at 1.3100 Fresh upside targets are in focus as the euro climbed higher yesterday and managed to stabilize around the $1.3 handle in overnight trading session. The full break above 1.3000 is in the cards and in case Read More
- Continue reading: Daily analysis and trading strategies 7-27-10
EURUSD Trading strategy: standing aside Stress tests results released on Friday showed that 7 banks failed the health checks. The results appear to be good news but question is: how severe those tests were? The euro recovered after the dip to 1.2800 and currently trades into the 1.29 area, maintaining the bullish momentum intact. Even Read More
- Continue reading: Daily analysis and trading strategies 7-26-10
EURUSD Trading strategy: standing aside The euro switched course after flirting with 1.2750 and was back around Friday’s closing level at 1.2915 30 minutes ago. The break above interim resistance region between 1.2860 and 1.2900 confirms that uptrend resumes but we have to keep an eye on the 1.2850/60 region as it is under pressure Read More
- Continue reading: Daily analysis and trading strategies 7-23-10
EURUSD Trading strategy: small short at 1.2860, stop at 1.2920 (0.5% risk), 1st objective at 1.2810, 2nd objective at 1.2730 The dollar rose across the board before the stress test results will be released in Europe. Euro’s slide to $1.2735 between the 50% and 61.8% retracement levels of 1.2522-1.3028 seems corrective as it managed to Read More
- Continue reading: Daily analysis and trading strategies 7-22-10
EURUSD Trading strategy: small long at 1.3015 on break of 1.3000 (hourly bar close above 1.3000), stop at 1.2945, 1st objective at 1.3065, 2nd objective at 1.3165 The euro continues to hover into the 1.29-1.30 region, consolidating after last Thursday rally. The break above 1.3 seems very probable so we can look a bit higher Read More
- Continue reading: Daily analysis and trading strategies 7-20-10
EURUSD Trading strategy: standing aside Upside was capped by 1.3000 on Friday and the euro pulled back 100 points, but still holds gains above 1.2900. Short-term sentiment remains highly bearish and no signs of up trend exhaustion are seen yet. However, in case of extending current pullback below 1.29, we can look at 1.2700-1.2765 as Read More
- Continue reading: Daily analysis and trading strategies 7-19-10
Quote of the day: Experienced traders control risk, inexperienced traders chase gains. — Alan Farley EURUSD Trading strategy: small long at 1.2820, stop at 1.2760 (0.5% risk), 1st objective at 1.2870, 2nd objective at 1.2920 $1.3 is getting closer as the euro rallied yesterday, overcoming the $1.2800 barrier. Even though there are no signs of Read More
- Continue reading: Daily analysis and trading strategies 7-16-10
EURUSD Trading strategy: small long at 1.2655, stop at 1.2585 (0.5% risk), 1st objective at 1.2705, 2nd objective at 1.2805 The euro has extended gains above Tuesday’s top at $1.2738, reaching $1.2777 – few points below the 50% retracement of last down leg from 1.3690 to 1.1875. Technical readings are suggesting a healthy uptrend on Read More
- Continue reading: Daily analysis and trading strategies 7-15-10
EURUSD Trading strategy: small long at 1.2655, stop at 1.2585 (0.5% risk), 1st objective at 1.2705, 2nd objective at 1.2805 The euro rallied to $1.2738, the strongest since May, confirming that the decline to $1.2520/50 was corrective. Short-term sentiment remains bullish even though it was unchanged while the pair tested the lower side below 1.2600. Read More
- Continue reading: Daily analysis and trading strategies 7-14-10
EURUSD Trading strategy: standing aside Yesterday’s trading sessions have been rather quiet after the slide to as low as 1.2550 against the dollar. First intra-day resistance is currently limiting gains around 1.2615 but the short-term studies remain bullish as long as the euro doesn’t return below the 1.2300 handle. However, the 4 hrs charts are Read More
- Continue reading: Daily analysis and trading strategies 7-13-10
Quote of the day: A good head and a good heart are always a formidable combination. — Nelson Mandela EURUSD Trading strategy: standing aside The World Cup 2010 came to an end – Spain winning the final over Netherlands. There were some great games, even though most of them could have been way better. Frankly, Read More
- Continue reading: Daily analysis and trading strategies 7-12-10
EURUSD Trading strategy: small long at 1.2640, stop at 1.2570 (0.5% risk), 1st objective at 1.2700, 2nd objective at 1.2760 The dollar continued to weaken across the board as equities are recovering – the S&P 500 closed up 1%. ECB President Trichet also helped the euro by saying that the economic activity in the Euro Read More
- Continue reading: Daily analysis and trading strategies 7-9-10
Quote of the day: He who risks and fails can be forgiven. He who never risks and never fails is a failure in his whole being. — Paul Tillich EURUSD Trading strategy: small long at 1.2500, stop at 1.2430 (0.5% risk), 1st objective at 1.2550, 2nd objective at 1.2650 The euro recovered after retracing to Read More
- Continue reading: Daily analysis and trading strategies 7-8-10
EURUSD Trading strategy: small long at 1.2500, stop at 1.2430 (0.5% risk), 1st objective at 1.2550, 2nd objective at 1.2650 The euro continues to challenge the upside – breaking above $1.26 yesterday and it looks comfortable around these levels. No signs of reversal or trend exhaustion are seen yet, therefore pullbacks to the downside could Read More
- Continue reading: Daily analysis and trading strategies 7-7-10
EURUSD Trading strategy: small long at 1.2450, stop at 1.2380 (0.5% risk), 1st objective at 1.2500, 2nd objective at 1.2600 The euro holds gains around 1.2550 after a quiet day on the back of the US public holiday. Since not much happened and the euro sits around same levels where it was 24 hours ago, Read More
- Continue reading: Daily analysis and trading strategies 7-6-10
EURUSD Trading strategy: small long at 1.2410, stop at 1.2340 (0.5% risk), 1st objective at 1.2460, 2nd objective at 1.2510 Euro’s attempt to break past 1.2600 on Friday was short-lived but upside pressure remains high as the euro is conserving momentum above the 1.2500 handle – formerly providing resistance. Short-term sentiment is bullish and will Read More
- Continue reading: Daily analysis and trading strategies 7-5-10
Quote of the day: No man can think clearly when his fists are clenched. — George Jean Nathan EURUSD Trading strategy: small long at 1.2400, stop at 1.2330 (0.5% risk), 1st objective at 1.2450, 2nd objective at 1.2500 Yesterday’s large recovery confirmed that the move to 1.2150 was corrective and short-term sentiment remains bullish – Read More
- Continue reading: Daily analysis and trading strategies 7-2-10
EURUSD Trading strategy: standing aside The euro starts the new month under pressure, losing against its major counterparts. Support at 1.2150 held but so did the resistance at 1.2300 – formed by the 50% retracement of last down leg from 1.2465 to 1.2150. Lower highs and lower lows have been formed on the 4-hrs charts Read More
- Continue reading: Daily analysis and trading strategies 7-1-10
Quote of the day: If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours. — John Maynard Keynes EURUSD Trading strategy: small short at 1.2290, stop at 1.2360 (0.5% risk), 1st objective at 1.2230, 2nd objective at 1.2100 Support at 1.2150 came under pressure Read More
- Continue reading: Daily analysis and trading strategies 6-30-10
EURUSD Trading strategy: small short at 1.2300, stop at 1.2370 (0.5% risk), objective at 1.2200 Downside pressure is high again as the euro is falling across the board – printing record lows against the CHF (currently at 1.3305); also near recent bottom against the JPY and below .8200 support against the GBP – testing support Read More
- Continue reading: Daily analysis and trading strategies 6-29-10
EURUSD Trading strategy: standing aside The euro rebounded from Friday’s low near 1.2250 breaking above minor resistance at 1.2360, but upside remains capped at 1.2400, which is the first intra-day resistance to watch today. Upside remains slightly favored as current recovery could bring pressure against the 1.2465/00 region. Intra-day pullbacks like those seen in the Read More
- Continue reading: Daily analysis and trading strategies 6-28-10
EURUSD Trading strategy: small short at 1.2425, stop at 1.2485 (0.5% risk), objective at 1.2325 The euro is little changed against the dollar since yesterday’s morning – holding gains above minor intra-day support at 1.2300 for now. Yesterday’s rally to 1.2390 was short-lived but on short-term basis, the upside remains slightly favored – important upside Read More
- Continue reading: Daily analysis and trading strategies 6-25-10
EURUSD Trading strategy: standing aside The euro recovered after diving to as low as 1.2205 yesterday as the Fed reiterated it plans to keep rates “exceptionally low” for an “extended period”, repeating the language used in previous statements. The central bank’s decision to keep rates unchanged was widely expected but analysts say that the language used Read More
- Continue reading: Daily analysis and trading strategies 6-24-10
EURUSD Trading strategy: small short at 1.2235, stop at 1.2305 (0.5% risk), 1st objective at 1.2155, 2nd objective at 1.2035 Intra-day support has been found around 1.2250, protecting the more notable downside barrier at 1.2150 which served as stable support for 3 weeks before breaking lower to 1.1875. Short-term sentiment will remain slightly positive as Read More
- Continue reading: Daily analysis and trading strategies 6-23-10
EURUSD Trading strategy: standing aside The euro lost ground yesterday, pulling back from 1.2460 to as low as 1.2285, following EUR/JPY as the yen strengthened on speculation European banks will struggle to raise money amid the debt region’s crisis. Despite the 190 points pullback, the euro is still in a bullish configuration against the dollar Read More
- Continue reading: Daily analysis and trading strategies 6-22-10
Quote of the day: Good judgment comes from experience, and experience comes from bad judgment. — Barry LePatner EURUSD Trading strategy: small long at 1.2400, stop at 1.2330 (0.5% risk), objective at 1.2540 The dollar weakened across the board after China signaled an end to the yuan’s fixed rate to the dollar, boosting confidence in Read More
- Continue reading: Daily analysis and trading strategies 6-21-10
Quote of the day: The modern banking system manufactures money out of nothing. — Josiah Stamp EURUSD Trading strategy: small long at 1.2330, stop at 1.2260 (0.5% risk), 1st objective at 1.2380, 2nd objective at 1.2450 The euro found support around 1.2250 again and rallied to as high as 1.2415, breaking the 61.8% retracement level Read More
- Continue reading: Daily analysis and trading strategies 6-18-10
Quote of the day: Time is what we want most, but what we use worst. — William Penn EURUSD Trading strategy: standing aside The euro is trading lower against the U.S. dollar since yesterday morning – even though it managed to recover after yesterday’s dive to as low as 1.2255 where it found support formed Read More
- Continue reading: Daily analysis and trading strategies 6-17-10
Quote of the day: The place where optimism flourishes most is the lunatic asylum. — Havelock Ellis EURUSD Trading strategy: standing aside The euro is well bid, holding gains near the 1.2365 resistance formed by the 61.8% retracement of 1.2670-1.1875. Short-term sentiment remains bullish and more upside action seems likely and support could limit losses Read More
- Continue reading: Daily analysis and trading strategies 6-16-10
EURUSD Trading strategy: short at 1.2330, stop at 1.2390 (1% risk), objective at 1.2230 The euro pulled back from $1.2300 but maintains a bid tone – so far being supported into the 1.2200 region – backed by 1.2150 and 1.2100, lower. Short-term sentiment remains slightly bullish while trading above 1.2150 but extended gains above yesterday’s Read More
- Continue reading: Daily analysis and trading strategies 6-15-10
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