EURUSD Trading strategy: looking to sell at 1.3500, stop at 1.3560(1% risk), objective at 1.3380. Secondary idea: buy at 1.3330, stop at 1.3270(0.5% risk), objective at 1.3430 1.3300 provided support yesterday and the euro recovered, returning into the top side where it left off Friday. Short-term sentiment remains bearish and a more notable barrier follows Read More
- Continue reading: Daily analysis and trading strategies 4-27-10
Quote of the day: Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing. – Clive James EURUSD Trading strategy: standing aside The euro rallied to as high as 1.3400 from the fresh dip to 1.3200 as Greece officially requested assistance. Read More
- Continue reading: Daily analysis and trading strategies 4-26-10
EURUSD Trading strategy: looking to sell at 1.3295, stop at 1.3355 (1% risk), 1st objective at 1.3245, 2nd objective at 1.3205 The euro fell to a fresh yearly low on concern about Greece, reaching 1.3201 in overnight trading, as massive stop loss orders below 1.3260 (recent bottom) accelerated the decline by 50 points in a Read More
- Continue reading: Daily analysis and trading strategies 4-23-10
EURUSD Trading strategy: looking to sell at 1.3480, stop at 1.3530(1% risk), objective at 1.3380. Alternatively, buy at 1.3300, stop at 1.3240(0.5% risk), objective at 1.3400 The euro remains under pressure and tests bids into the 1.33 region, being supported by 1.3360/70 so far. Short-term sentiment is bearish and there are no signs of change Read More
- Continue reading: Daily analysis and trading strategies 4-22-10
EURUSD Trading strategy: looking to sell at 1.3480, stop at 1.3530(1% risk), objective at 1.3380 Downside remains under pressure and no signs of recovery are seen, therefore selling on minor rallies remains the preferred bet for now. The break below 1.3450 adds some more gas to the short-term bearish momentum, thus eyeing 1.3300 which is Read More
- Continue reading: Daily analysis and trading strategies 4-21-10
EURUSD Trading strategy: standing aside The euro is erasing earlier gains to 1.3500 and currently tests support at 1.3450, therefore not much has changed since yesterday. Short-term sentiment remains bearish while below 1.3600 and intra-day studies are as well showing bearish signs. In case of extended weakness, 1.3300 may come next. Current exchange rate is Read More
- Continue reading: Daily analysis and trading strategies 4-20-10
EURUSD Trading strategy: looking to sell at 1.3550, stop at 1.3610(0.5% risk), objective at 1.3430 The euro lost ground against the dollar and opened lower today, following the extended weakness in EURJPY as the Yen is strengthening across the board – investors buying the Yen as a result of Goldman Sachs investigation over fraud claims. Read More
- Continue reading: Daily analysis and trading strategies 4-19-10
EURUSD Trading strategy: standing aside The euro lost some ground against the dollar as it failed to hold gains above the 1.3600 support and pulled back to as low as 1.3520 yesterday. My plan to buy a small size near 1.3600 support turned wrong. If current weakness continues, next support is formed at 1.3500, backed Read More
- Continue reading: Daily analysis and trading strategies 4-16-10
EURUSD Trading strategy: looking to buy at 1.3590, stop at 1.3540(0.5% risk), objective at 1.3690 The euro is little changed since yesterday as trading has been calm, remaining into a range of 80 points above 1.3600 which provides intra-day support. 1.3680/00 provides the first upside barrier, followed by the more notable one at 1.3800. Short-term Read More
- Continue reading: Daily analysis and trading strategies 4-15-10
EURUSD Trading strategy: standing aside The euro pulled back yesterday but not enough to fill Monday’s gap as it found support into the mid 1.35 region, recovering to 1.3650 where it trades at the time of writing. Short-term sentiment remains bullish as long as pullbacks are finding bids above the 1.3500 mark and key resistance Read More
- Continue reading: Daily analysis and trading strategies 4-14-10
EURUSD Trading strategy: looking to buy dips at 1.3500, stop at 1.3430(1% risk), objective at 1.3640 The euro lost some ground after reaching a fresh 3-week high at 1.3690 on yesterday’s open but maintains a bid tone above Friday’s close at 1.3495. Therefore, short-term support remains in focus at 1.3500 and current bullish structure may Read More
- Continue reading: Daily analysis and trading strategies 4-13-10
EURUSD Trading strategy: looking to buy dips at 1.3520, stop at 1.3460(1% risk), objective at 1.3620 The euro strengthened to as high as 1.3691 after EU governments offered Greece a rescue package worth as much as 45 billion euros at below-market interest rates in a bid to stem its fiscal crisis and restore confidence in Read More
- Continue reading: Daily analysis and trading strategies 4-12-10
EURUSD Trading strategy: looking to sell at 1.3470, stop at 1.3530 (1% risk), objective at 1.3370 Up 100 points after reaching a daily low at 1.3282, the euro may continue its recovery as there’s much room to the upside while the short-term sentiment remains bearish – up to 1.3550-1.36. Meanwhile, selling pressure may emerge into Read More
- Continue reading: Daily analysis and trading strategies 4-9-10
EURUSD Trading strategy: looking to sell at 1.3425, stop at 1.3485 (1% risk), objective at 1.3305 The euro continues to decline on concern over Greece, approaching the 1.3300 support level. A new test of the 10-month bottom at 1.3265 is in the cards, as long as the euro is having a hard time recovering to 1.35 Read More
- Continue reading: Daily analysis and trading strategies 4-8-10
EURUSD Trading strategy: looking to sell at 1.3425, stop at 1.3475 (1% risk), objective at 1.3325 The euro lost 1% against the dollar this week and maintains a heavy tone, trading below 1.34 at the time of writing. Both short-term and intra-day studies are bearish and more weakness is likely – recent bottom at 1.3265 Read More
- Continue reading: Daily analysis and trading strategies 4-7-10
Quote of the day: The nine most terrifying words in the English language are, “I’m from the government and I’m here to help.” — Ronald Reagan EURUSD Trading strategy: looking to sell at 1.3505, stop at 1.3575 (1% risk), objective at 1.3405 The euro remains heavy against the dollar, dropping from last week’s top at Read More
- Continue reading: Daily analysis and trading strategies 4-6-10
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
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
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