EURUSD – 1.2287 The euro is rebounding as no news is good news in Europe – as the risk meters aren’t flashing red the way they were earlier this month. Therefore, current euro recovery is not driven by good news but rather by the absence of bad news, so caution is advised for those buying Read More
- Continue reading: EURUSD, GBPUSD, AUDUSD, EURGBP and Gold outlook 6/14/10
Quote of the day: In Europe, it’s different – you eat soccer, you breathe soccer, you drink soccer. Everything is about soccer. — Thomas Dooley EURUSD Trading strategy: standing aside The euro continued its recovery, advancing higher against the dollar but upside remains capped at 1.2140/50 – former support. Intra-day support is now seen at Read More
- Continue reading: Daily analysis and trading strategies 6-11-10
Quote of the day: Bad politicians are sent to Washington by good people who don’t vote. — William E. Simon EURUSD Trading strategy: standing aside Yesterday’s top side is again under pressure as the euro recovered in overnight trading, following the NZD and AUD which rallied as New Zealand raised interest rate and Australia’s jobless Read More
- Continue reading: Daily analysis and trading strategies 6-10-10
EURUSD Up 100 points from today’s earlier trading levels – the euro managed to recover some ground finding interim support into the 1.1900-1.1950 region. Intra-day sentiment is bullish since it breached above yesterday’s top around 1.2000, but current recovery is most likely corrective, hence normal in current market conditions – when most intra-day rallies were Read More
EURUSD Trading strategy: small short at 1.2060, stop at 1.2130 (0.5% risk), objective at 1.1920 The euro pulled back from recent bottom at 1.1875 but remains capped at 1.1980 – not far below the 1.2 handle. Important resistance is seen a bit higher – at 1.2150, while interim barriers are emerging at 1.2050 and 1.2100. Read More
- Continue reading: Daily analysis and trading strategies 6-8-10
EURUSD Trading strategy: short at 1.2040, stop at 1.2110 (1% risk), objective at 1.1900 Support at 1.2150 could not hold and was breached last Friday – the euro extending losses to as low as 1.1875 after today’s open. Resistance is now in place around 1.2050 – formed by a downward trend line connecting previous lower Read More
- Continue reading: Daily analysis and trading strategies 6-7-10
EURUSD Trading strategy: standing aside Yesterday’s break above the triangle’s resistance line coming from 1.3360 was not sustained and the euro came under selling pressure, bringing the 1.2150 support region back in focus, negating my expectations that euro’s recovery could have continued towards 1.2430/50. Support into the 1.2150 region still holds and this is the Read More
- Continue reading: Daily analysis and trading strategies 6-4-10
Quote of the day: Every day I get up and look through the Forbes list of the richest people in America. If I’m not there, I go to work. — Robert Orben EURUSD Trading strategy: small long at 1.2270, stop at 1.2210 (0.5% risk), objective at 1.2420 The euro recovered some ground and breached the Read More
- Continue reading: Daily analysis and trading strategies 6-3-10
Quote of the day: Accordingly, when the supply of gold runs short, the security behind the notes is diminished, the loaning of notes is restricted or suspended, and the panic follows. — John Buchanan Robinson EURUSD Trading strategy: standing aside Large moves both ways have been seen yesterday as the euro re-tested the bottom into Read More
- Continue reading: Daily analysis and trading strategies 6-2-10
EURUSD Trading strategy: standing aside The euro continues to weaken against the dollar, slipping below 1.2300 in yesterday’s quiet sessions. Minor resistance is now formed around 1.2300, followed by 1.2340/50 and 1.2430/50 higher. Intra-day sentiment is bearish at the time of writing but a potential break above 1.2340 would signal the resume of last week’s Read More
- Continue reading: Daily analysis and trading strategies 6-1-10
Quote of the day: Statistics are like bikinis. What they reveal is suggestive, but what they conceal is vital. — Aaron Levenstein EURUSD Trading strategy: small short at 1.2430, stop at 1.2490 (0.5% risk), objective at 1.2310 Another day, another leg down: the euro fell near recent low into the 1.2450 zone – thus forming Read More
- Continue reading: Daily analysis and trading strategies 5-27-10
Quote of the day: More things in politics happen by accident or exhaustion than happen by conspiracy. — Jeff Greenfield EURUSD Trading strategy: small short at 1.2425, stop at 1.2485 (0.5% risk), objective at 1.2325 Euro’s weakness continues on concerns that European debt crisis is spreading. Support levels established last week at 1.2440/50 and 1.2340 Read More
- Continue reading: Daily analysis and trading strategies 5-25-10
Quote of the day: You cannot simultaneously prevent and prepare for war. — Albert Einstein EURUSD Trading strategy: standing aside The dollar recovered Friday’s losses against the euro after South Korea said it will halt trade with its northern neighbor and seek United Nations Security Council action over the sinking of a warship last month. Read More
- Continue reading: Daily analysis and trading strategies 5-24-10
EURUSD The euro initiated a recovery cycle after printing a fresh multi-year low at 1.2145 but it still trades far below last month’s region. Sentiment remains highly bearish on both short-term and medium-term studies and the 525 points recovery from 1.2145 to 1.2670 is less than half of current month’s 1200 points range. Even though Read More
EURUSD Trading strategy: small long at 1.2465, stop at 1.2395 (0.5% risk), objective at 1.2620 The euro managed to overcome the 1.2430/50 resistance yesterday and rallied to as high as 1.2671 earlier today, but it is pulling back below 1.2620 which is the 50% retracement of last down leg from 1.3095 to 1.2145. Upside is Read More
- Continue reading: Daily analysis and trading strategies 5-21-10
Quote of the day: Whenever I go down to Washington and meet with the SEC and complain to them that the industry is either over regulated or the burdens are too great they all start to roll their eyes, just like all of our children do when we talk about the good old days. — Read More
- Continue reading: Daily analysis and trading strategies 5-20-10
Quote of the day: It takes as much imagination to create debt as to create income. — Leonard Orr EURUSD Trading strategy: looking to sell at 1.2350, stop at 1.2420 (1% risk), objective at 1.2200 After a second round of testing the intra-day resistance region between 1.2415-1.2450, the euro failed to hold above support at Read More
- Continue reading: Daily analysis and trading strategies 5-19-10
Quote of the day: If we did go into a recession, something that’s always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold. — Jeffrey Sachs EURUSD Trading strategy: looking to sell at 1.2500, stop at 1.2570 (1% risk), objective at Read More
- Continue reading: Daily analysis and trading strategies 5-18-10
Quote of the day: Debt is the fatal disease of republics, the first thing and the mightiest to undermine governments and corrupt the people — Wendell Phillips EURUSD Trading strategy: standing aside The euro trades around levels of 2006 as the decline continues on concern European measures to reduce fiscal deficits will undermine the Euro-zone’s Read More
- Continue reading: Daily analysis and trading strategies 5-17-10
EURUSD Trading strategy: short around 1.2510 on hourly close below 1.2515, stop at 1.2570 (1% risk), objective at 1.2410 Risk still lies to the downside as the euro continues its bearish trajectory, retesting last week’s bottom at 1.2520. The said support holds for now and a correction might be underway, but playing from short side Read More
- Continue reading: Daily analysis and trading strategies 5-14-10
Quote of the day: All the gold which is under or upon the earth is not enough to give in exchange for virtue. — Plato EURUSD Trading strategy: standing aside The mid 1.27 area where the euro was trading in late Friday’s session before gapping up over the weekend has been a though barrier in Read More
- Continue reading: Daily analysis and trading strategies 5-13-10
Quote of the day: Doubts are more cruel than the worst of truths. — Moliere Trading strategy: looking to sell at 1.2800, stop at 1.2870(1% risk), objective at 1.2640 The euro is back near its recent low as Monday’s correction was just a new opportunity for sellers to increase their bets against the euro. A Read More
- Continue reading: Daily analysis and trading strategies 5-12-10
EURUSD Trading strategy: short at 1.3000, stop at 1.3070(1% risk), objective at 1.2860 Bulls’ optimism fades away as the euro could not sustain gains into the 1.3 region yesterday and dropped to Friday’s levels, filling the opening gap. 1.2700 provides a minor support now that earlier established support around 1.2740 formed by the 61.8% of Read More
- Continue reading: Daily analysis and trading strategies 5-11-10
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 may continue but Read More
- Continue reading: Daily analysis and trading strategies 5-10-10
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 recovering, EURJPY Read More
- Continue reading: Daily analysis and trading strategies 5-7-10
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 1.1640 in Read More
- Continue reading: Daily analysis and trading strategies 5-6-10
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 rumours which Read More
- Continue reading: Daily analysis and trading strategies 5-5-10
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 first region where Read More
- Continue reading: Daily analysis and trading strategies 5-4-10
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 formed by the Read More
- Continue reading: Daily analysis and trading strategies 5-3-10
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 pressure as fears Read More
- Continue reading: Daily analysis and trading strategies 4-30-10
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.
