Quote of the day: A lot of people are afraid of heights. Not me. I’m afraid of widths. — Steven Wright EURUSD Trading strategy: short at 1.3825, stop at 1.3885(1% risk), objective at 1.3725. The consolidation continues and the euro shows modest signs of recovery, currently testing last two days’ top side into the 1.3720/40 Read More
- Continue reading: Daily analysis and trading strategies 2-9-10
Quote of the day: It seems to be a law of nature, inflexible and inexorable, that those who will not risk cannot win. — John Paul Jones EURUSD Trading strategy: stand aside The euro continues to face weakness against the dollar, trading near multi-month low reached Friday at 1.3585, as a result of another sell-off Read More
- Continue reading: Daily analysis and trading strategies 2-8-10
Today’s report is released a bit earlier due to personal reasons. Quote of the day: From error to error, one discovers the entire truth.– Sigmund Freud EURUSD Trading strategy: stand aside All hell broke loose yesterday especially in JPY pairs – EURJPY collapsed almost 5 figures, USDJPY down 250 points, GBPJPY down 540 points, while Read More
- Continue reading: Daily analysis and trading strategies 2-5-10
Quote of the day: The four most dangerous words in investing are ‘This time it’s different.’ – John Templeton EURUSD Trading strategy: short at 1.3950, stop at 1.4010(1% risk), 1st objective at 1.3900, 2nd objective at 1.3830. Alternatively: small long at 1.3750, stop at 1.3690(0.5% risk), 1st objective at 1.3810, 2nd objective at 1.3870 Resistance Read More
- Continue reading: Daily analysis and trading strategies 2-4-10
Quote of the day: Anticipation, I suppose, sometimes exceeds realization — Amelia Earhart EURUSD Trading strategy: small short at 1.4030, stop at 1.4080(0.5% risk), 1st objective at 1.3980, 2nd objective at 1.3930. The euro maintains its bid tone, recovering some lost ground against the dollar but still holds below the 1.40 handle. Resistance comes into Read More
- Continue reading: Daily analysis and trading strategies 2-3-10
Quote of the day: Luck never gives; it only lends – Swedish Proverb EURUSD Trading strategy: short at 1.4030, stop at 1.4080 (1% risk), 1st objective at 1.3980, 2nd objective at 1.3930. Yesterday’s recovery has been modest, the daily range being 85 points – 40 points less than the 20 days average. However, upside remains Read More
- Continue reading: Daily analysis and trading strategies 2-2-10
Quote of the day: A good plan today is better than a perfect plan tomorrow. — George Patton EURUSD Trading strategy: short at 1.3990, stop at 1.4040(1% risk), 1st objective at 1.3940, 2nd objective at 1.3890 The falling trendline coming from 1.4300 of January 7th through 1.4030 of January 21th is currently seen around 1.3850 Read More
- Continue reading: Daily analysis and trading strategies 2-1-10
Quote of the day: It is better to fail in originality than to succeed in imitation. — Herman Melville EURUSD Trading strategy: small short at 1.4050, stop at 1.4110 (0.5% risk), 1st objective at 1.4000, 2nd objective at 1.3950 The euro remains under pressure since weak rallies are finding resistance and it couldn’t hold pullback Read More
- Continue reading: Daily analysis and trading strategies 01-29-10
Quote of the day: You can never plan the future by the past. – Edmund Burke EURUSD Trading strategy: small short at 1.4080, stop at 1.4140 (0.5% risk), 1st objective at 1.4020, 2nd objective at 1.3960 The euro slid below the $1.40 mark after the Fed announced its monetary policy decision, leaving interest rates unchanged Read More
- Continue reading: Daily analysis and trading strategies 1-28-10
Quote of the day: Feelings change facts. — Phyllis Bottome EURUSD Trading strategy: stand aside The euro still trades near the 1.4030 bottom after it found intra-day resistance around 1.4100 yesterday. Down 0.70% for the week and 3% since January 1′st – more selling seems just around the corner. Today’s FOMC Interest Rate decision at Read More
- Continue reading: Daily analysis and trading strategies 1-27-10
Quote of the day: If an idea’s worth having once, it’s worth having twice. — Tom Stoppard EURUSD Trading strategy: stand aside Pushing lower towards 6 months low ahead of tomorrow’s FOMC interest rate decision, the euro is facing downside pressure after it failed to stabilize near 1.42 yesterday. Both short term and intra-day charts Read More
- Continue reading: Daily analysis and trading strategies 1-26-10
EURUSD Trading strategy: short at 1.4265, stop at 1.4325(1% risk), 1st objective at 1.4205, 2nd objective at 1.4145 The euro holds its modest gains around 1.4170, recovering from recent bottom at 1.4030. Short term sentiment remains bearish while below 1.4300 and extended gains from current market levels will probably be limited by facing resistance into Read More
- Continue reading: Daily analysis and trading strategies 1-25-10
EURUSD Trading strategy: short at 1.4215, stop at 1.4265(1% risk), objective at 1.4175. Euro’s comeback from the 1.4030 bottom is likely to extend further, towards resistance zone around 1.4250, where fresh selling will probably emerge. Short term sentiment remains bearish while below 1.4250-1.4300, so a daily close above the said range is needed to confirm Read More
- Continue reading: Daily analysis and trading strategies 1-22-10
EURUSD Trading strategy: short at 1.4240, stop at 1.4300 (1% risk), 1st objective at 1.4180, 2nd objective at 1.4120 Euro’s sell-off continued as dollar has performed pretty well across the board, and so far it doesn’t suggest that it will slow down. In case of an extended recovery, the euro may enter the ‘rallies selling Read More
- Continue reading: Daily analysis and trading strategies 1-21-10
EURUSD Trading strategy: short at 1.4285, stop at 1.4345 (1% risk), 1st objective at 1.4225, 2nd objective at 1.4165. Euro remains a victim of gravity as it extended its losses down to 1.4165 overnight, well below support formed by the 200 days SMA around 1.4280. More downside action remains probable as long as intra-day resistance Read More
- Continue reading: Daily analysis and trading strategies 1-20-10
Quote of the day: The winner is the chef who takes the same ingredients as everyone else and produces the best results. — Edward de Bono EURUSD Trading strategy: short at 1.4460, stop at 1.4520(1% risk), 1st objective at 1.4400, 2nd objective at 1.4340. The euro is quietly recovering some lost ground, testing offers around Read More
- Continue reading: Daily analysis and trading strategies 1-19-10
EURUSD Trading strategy: short at 1.4450, stop at 1.4510 (1% risk), 1st objective at 1.4390, 2nd objective at 1.4350 Euro’s weakness extended last Friday and bids near the 1.4330 support zone have tested. Downside bias is stronger as the euro failed to hold recent gains into the 1.45 region, above the bottom established around 1.4460. Read More
- Continue reading: Daily analysis and trading strategies 1-18-10
EURUSD Trading strategy: small short at 1.4460, stop at 1.4510 (0.5% risk), 1st objective at 1.4410, 2nd objective at 1.4360 The euro lost ground due to Trichet’s statement that the European economic outlook “is still uncertain”, also adding that “Greece fiscal problems won’t get any special treatment” – intensifying pressure on Greece to cut the Read More
- Continue reading: Daily analysis and trading strategies 1-15-10
EURUSD Trading strategy: stand aside The euro holds recent gains ahead of today’s ECB Interest Rate decision at 12:45 GMT – expected to remain unchanged at 1%. Other important economic events today are: Retail Sales and Initial Jobless Claims in the U.S. at 13:30 GMT. Technically speaking, momentum in the daily frame is positive as Read More
- Continue reading: Daily analysis and trading strategies 1-14-10
EURUSD Trading strategy: stand aside The euro holds recently gains above the higher half of the 1.44 zone but so far it couldn’t stabilize above the 1.4500 handle, remaining into the bearish flag range while the upper barrier at 1.4530/50 is intact. Upside is favored for now and extended gains out of current range may Read More
- Continue reading: Daily analysis and trading strategies 1-13-10
Quote of the day: The successful man will profit from his mistakes and try again in a different way. — Dale Carnegie EURUSD Trading strategy: small long at 1.4420, stop at 1.4370 (0.5% risk), 1st objective at 1.4470, 2nd objective at 1.4520 Still trading within the bearish flag range as the euro pulled back from Read More
- Continue reading: Daily analysis and trading strategies 01-12-10
EURUSD Trading strategy: small long at 1.4430, stop at 1.4380 (0.5% risk), 1st objective at 1.4480, 2nd objective at 1.4530 The euro bounced off short-term support into the 1.4270 region on Friday’s NFP data release which came at -85k, a surprising negative figure since most expectations were for a neutral – slightly positive number. Euro’s Read More
- Continue reading: Daily analysis and trading strategies 01-11-10
Today’s NFP data release printed -85k – a disappointing figure compared to the wide expectations of a positive (or neutral) one. Although it’s been testing the lower territory during the European trading session, the euro recovered most of yesterday’s losses which were likely influenced by a priced-in positive NFP figure. On a short-term basis, we’re Read More
- Continue reading: NFP printing -85k, dollar bearish sentiment increased
EURUSD Trading strategy: stand aside The euro currently trades into the lower territory after dropping yesterday, ahead of today’s NFP data release at 13:30 GMT which is widely expected to print a dollar positive figure, hence the current downside pressure noticed in EURUSD. Intra-day support around the 1.4300 handle is being tested and a potential Read More
- Continue reading: Daily analysis and trading strategies 01-08-10
Quote of the day: Your best teacher is your last mistake. — Ralph Nader EURUSD Trading strategy: stand aside The dollar lost some ground on the FOMC minutes released yesterday, euro reaching session highs few points below the 1.4450 resistance which would encourage uptrend to resume if breached. While below the said barrier, downside pressure remains Read More
- Continue reading: Daily outlook and trading strategies 01-07-10
EURUSD Trading strategy: stand aside Yesterday’s gains have been short lived as the intra-day break above the 1.4450 resistance has been a false one, hence not dealing with a notable break out on the daily charts – which was needed to confirm that the consolidation within the 1.43-1.4450 region has come to an end. While Read More
- Continue reading: Daily analysis and trading strategies 01-06-10
Happy New Year! I hope you all had a great time during the holidays and I wish you all the best in 2010! EURUSD Trading strategy: long at 1.4370, stop at 1.4320 (1% risk), 1st objective at 1.4420, 2nd objective at 1.4470 The euro started this new year by recovering some losses – rallying for Read More
- Continue reading: Daily analysis and trading strategies 01-05-10
EURUSD Trading strategy: small short at 1.4330, stop at 1.4380 (0.5% risk), 1st objective at 1.4280, 2nd objective at 1.4230 The euro dropped below $1.4260 yesterday, reaching a fresh 3 months low at 1.4220 – now far from the 200 days SMA coming around 1.4195. In case of extended weakness against the dollar, a potential Read More
- Continue reading: Daily analysis and trading strategies 12-23-09
EURUSD Trading strategy: small short at 1.4365, stop at 1.4415 (0.5% risk), 1st objective at 1.4315, 2nd objective at 1.4265 Yesterday’s recovery has been (once again) short-lived and the euro failed to stabilize above 1.4340/50 in order to gain positive momentum and test the notable barrier formed by the downward trend line coming from 1.5140 Read More
- Continue reading: Daily analysis and trading strategies 12-22-09
EURUSD Trading strategy: small long at 1.4360, stop at 1.4310 (0.5% risk), 1st objective at 1.4400, 2nd objective at 1.4480. Support on the 1.4300 handle has been stable so far but the euro has yet to breach the downward trend line coming from 1.5140 – now around 1.4410, in order to initiate an extended recovery. Read More
- Continue reading: Daily analysis and trading strategies 12-21-09
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