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: 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
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
Quote of the day: Good ideas are not adopted automatically. They must be driven into practice with courageous patience. — Hyman Rickover EURUSD The downward trend line coming from 1.3840, now around 1.3700 – provided an intra-day reversal point again, limiting gains on last euro’s attempt to climb higher. Support on the 1.3600 mark has Read More
- Continue reading: Daily analysis and trading strategies 3-9-10
Quote of the day: A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power. — Brian Tracy EURUSD Trading strategy: stand aside Yesterday’s rally above the 1.5000/60 region looks good to me as I’ve been calling for euro’s break higher quite a few times lately. Also, according to Read More
Quote of the day: Forgetting your mistakes is a terrible error if you are trying to improve your cognition. — Charlie Munger EURUSD Trading strategy: stand aside Upside pressure is high as the euro trades near the 1.50 handle. Both short-term and intra-day charts call for higher highs. Watch the 1.5050/60 region for a potential Read More
Short term outlook for EURUSD, NZDUSD, USDCAD and EURCHF EURUSD Uptrend remains intact as the euro managed to stabilize above 1.4850, recovering some of its losses on Friday, but downside pressure and incertitude are likely to continue if a daily close above 1.4990/00 won’t occur within the coming days – such break confirming that the Read More
EURUSD Trading strategy: stand aside The euro recovered half of the recent losses on yesterday, being supported by 1.4200. The European fx trading session will probably be quiet ahead of ECB Interest Rate decision and Trichet’s speech later today. As stated on my yesterday’s report, while 1.4200 holds – short term sentiment remains positive therefore Read More
- Continue reading: Daily outlook and trading strategies 09-03-09
EURUSD Trading strategy: stand aside or long at 1.4055 if we get there, stop at 1.4015, objective at 1.4125. Adjust stop to breakeven on +30 pips (at 1.4085) if reached The euro has been dragged to lows into the 1.4180 region on yesterday’s pullback but the support on the 1.4200 handle remains intact and as Read More
- Continue reading: Daily outlook and trading strategies 09-02-09
EURUSD Trading strategy: stand aside Support formed by the rising trend line coming from 1.4045 has provided a reversal point on yesterday’s downside test and the euro holds steady into the 1.4350 region, 50 points below last week’s top side. Above 1.4000, next upside barrier is emerging at 1.4045/50 which is also the yearly high. Read More
- Continue reading: Daily outlook and trading strategies 09-01-09
Weekly technical outlook, by Liviu Flesar EURUSDAfter a minor retracement in the 1.26 area, the dollar continued its path bringing the psychological level of 1.2500 in focus, with a test which established a record low of this year at 1.2495. Despite the Euro strong bearish sentiment, the greenback was pulled North in a trend corrective Read More
Weekly technical outlook, by Liviu FlesarEURUSDThe Euro rose to the 50% retracement of 1.3121-1.2832 which is the key level of 1.2990 and as we expected one week ago, it was not able to break through 1.2990, reversing there and getting back in the deeps of the 1.28 area. The narrow range of 1.2930-1.2990 was suggesting Read More
Weekly technical outlook, by Liviu FlesarEURUSD Even if both currencies were quite weak during the previous days, losing ground versus the other currencies, the Euro managed to rise above the key level at 1.306. The week also closed above 1.306, therefore it is now possible to see more aggressive tests on the 1.31 area and Read More
Weekly technical outlook, by Liviu Flesar EURUSDThe dollar fell back on Friday against the major currencies despite a stronger-than-expected report from the Treasury Department on US capital flows. After testing the major barier at 1.277, the greenback is now back in the 1.29 area, asking again for the patience of those waiting to see Read More
Weekly technical outlook, by Liviu Flesar EURUSD The pair consolidated for a while during the Asian session, trying to break 1.3 in the London trading and falling for 150 points in the US trading session after the US trade deficit which widened to record $61 bln in February (consensus -$59 bln. / previous -$58.3 bln).The Read More
Weekly technical outlook, by Liviu Flesar EURUSDThe Euro wasn’t able to breach 1.347 during the last week but the support at 1.328 was strong enough to hold under the presure of two tests. 1.328 is also the 50 fib retracement of the 1.308-1.347 move. It is quite interesting that the entire time frame since 1.328 Read More
EURUSDThe rally started at 1.308 and paused around 1.346 on Friday, arrived to a decisive point. For the week ahead we have a potential 1.36 test on one side, and a retracement or reverse back, on the other side. The pair found strong support in the 1.338/1.34 area, and these levels will probably be Read More
EURUSD We had a triple top formed in the 1.327-1.328 resistance zone during the last week and also a double bottom on the 1.309 support area. The last two 1.328 resistance tests also made a Momentum divergence. The support breakout at 1.318 was quite tricky because I expected the next support at 1.3085 to be Read More
EURUSDLooks like the retracement of the 1.301-1.328 is over and the pair is now ready to test the major resistance level at 1.3295 again. Additional gains will target the second resistance at 1.334 and 1.3385 later. We also have a bullish momentum developed after the last retracement at 50 fib level at 1.3145. Support Read More
EURUSDThe dollar was unexpectedly weak during the last week, even if many traders thought that there will be seen fresh lows in the 1.26area. Strong support was found in the 1.2730/40 region, also the 38.2 retracement of the 1.212-1.366 move. Therefore, the entire move toward the 1.273 area could be only a retracement and now Read More
EURUSD The dollar was not strong enough to break the 1.27 level and major support was triggered at 1.274. Strong resistance is seen at 1.293 followed by 1.3095. We are curious about the potential tests ofthe first resistance area because the market will probably reverse here and fall back toward the dipsof the 1.27 area. Read More
Added on 02.01.2005 at 06:24GMT EURUSDResistance was found at 1.3080 on Friday and it will probably be tested today. Additional gains will target the second resistance level at 1.3130. Important support is eyed at 1.2975 followed by 1.2945. We look forward for a drop below 1.3 area. Current exchange rate is 1.3053Trading strategies: Short at Read More
Added on 01.21.2005 at 06.40GMT EURUSDWe expect a drop below the first key support at 1.2920, but probably after a smallcorrection of the 1.3125-1.2919 move. Current exchange rate is 1.2949Trading strategies:Short at 1.2985, t/p @1.2890, s/l @1.3035USDJPYA rally towards the 104 area is possible. Current exchange rate is 103.51. Trading strategies:Long at 103.20, t/p @103.80, s/l Read More
Added on 01.20.2005 at 06.59GMT EURUSDThe dollar was slightly stronger against the other majors on yesterday. A trend correction for the 1.3119-1.2965 moveis a possible scenario for the next few hours. Current exchange rate is 1.3007.Trading strategies: Long at 1.2990, t/p @1.3045, s/l @1.2960USDJPYSupport is seen at 102.30 followed by 101.65 and 101.30. Key resistance was Read More
Added on 01.19.2005 at 06.58GMT EURUSDThe pair is currently trading under its EMA(60). Support is seen at 1.2975 followedby 1.2940 and 1.2890. We expect a correction move targeting the 1.3060 area before the today economic events. The Stoch is crossing up right now on the hourly charts andTRIX is about to break the 0 line. Resistance Read More
Added on 11/11/2004 at 07.03GMTEURUSDA trend consolidation is expected and probably a test of the first resistance key at 1.2967. Current value is 1.2885. Trading strategies:Long at 1.2870, t/p @1.2920, s/l @1.2850USDJPYA move towards first support key at 106.18 is possible. Current value is 106.89.Trading strategies:Short at 107.05, t/p @106.50, s/l @107.40Bonus signals:GBPUSDCurrent value is Read More
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