Quote of the day: Earth provides enough to satisfy every man’s need, but not every man’s greed — Mahatma Gandhi EURUSD Trading strategy: small short at 1.2880, stop at 1.2960(0.5% risk), objective at 1.2730 Euro’s recovery on Friday was again limited by 1.2900 and the 3 weeks gains were cut in a single week as Read More
- Continue reading: Daily analysis and trading strategies 8-16-10
Quote of the day: Money will come when you are doing the right thing. — Mike Phillips EURUSD Trading strategy: small short at 1.3030, stop at 1.3090 (0.5% risk), objective at 1.2930 The euro found support at 1.2800 after the free fall from 1.3300 but the ongoing recovery is not convincing. Former support at 1.3000 Read More
- Continue reading: Daily analysis and trading strategies 8-13-10
EURUSD Trading strategy: small long at 1.3210, stop at 1.3140(0.5% risk), objective at 1.3350 The dollar is weaker across the board after the Nonfarm payrolls shed 131,000 jobs last month, compared to a consensus of 70k. Dollar’s weakness is likely to continue as economic data shows that the U.S. recovery is stalling and may need Read More
- Continue reading: Daily analysis and trading strategies 8-9-10
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: 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
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
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: 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 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
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
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
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: 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: Some people use one half their ingenuity to get into debt, and the other half to avoid paying it. — George Prentice EURUSD Trading strategy: small short at 1.2470, stop at 1.2520 (0.5% risk), objective at 1.2370. The euro fell to as low as 1.2177, erasing most of last week’s gains. Read More
- Continue reading: Daily analysis and trading strategies 5-26-10
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
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