EURUSD Trading strategy: short at 1.4230, initial stop at 1.4280, objective at 1.4160. Adjust stop to breakeven on +30 pips (at 1.4200) if reached The euro closed moderately higher on yesterday, recovering 70 points of recent losses.For what we saw on yesterday, it would appear odds favor an extended recovery towards the sloping trend line around Read More
- Continue reading: Trading strategies and daily outlook 08-19-09
EURUSD Trading strategy: short at 1.4260, initial stop at 1.4320, objective at 1.4160. Adjust stop to breakeven on +30 pips (at 1.4230) if reached Current recovery to 1.4135 is not enough to switch bias and signal uptrend’s resumption and downside pressure remains high for now. Overcoming the whole 1.4130-1.4170 region and closing (a daily bar) Read More
- Continue reading: Daily outlook and trading strategies 08-18-09
EURUSD 1.4300 is under pressure at the time of this writing after trading in a narrow range of 30 points throughout the EU session. Intra-day sentiment is bullish and a potential breach would extend gains towards the first objective at 1.4360 – past yesterday’s topside @1.4325/30. A daily close above 1.4300 will confirm that the Read More
- Continue reading: US session intra-day update on EURUSD and USDJPY 08-14-09
EURUSD Trading strategy: Small long at 1.5560 on break of 1.5540, stop at 1.5525, objective at 1.5620. Yesterday’s rally to 1.5595 provides clues that there are good chances of a resume of the longer term uptrend against the dollar, thing that would bring the 1.6 zone back in focus. 1.5700 has to break first in Read More
EURUSD Trading strategy: stand aside The Euro continues to climb higher versus the greenback, now building support into the 1.55 zone. If the support at 1.5500 holds, then the Euro may put some pressure on the 1.5550 resistance and then higher to 1.5600-1.5620 on a successful break. Although medium term sentiment is bearish, the dollar Read More
EURUSD Strong bearish structure on the medium term studies points towards further downside below the recent dip of 1.5360. Support is currently clustered between 1.5340 and 1.5360 and a potential break there would extend the decline towards 1.5280 where strong support is seen then 1.5230 which is the 50% retracement of the entire 1.4440-1.6019 move. Read More
- Continue reading: EURUSD, EURCHF, AUDJPY, USDJPY medium term outlook
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 Flesar EURUSDDuring the last week, the dollar rallied versus all the currencies across the board, breaking through all the major support levels seen in the 1.2800 to 1.2600 range.Looking at the hourly studies, we can see a downward channel and the pair hitting its floor on Friday and this is 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 FlesarEURUSDThe pair has been moving in a narrow range during the last week, testing the major resistance at 1.306 on Friday after the NFP news release, triggering some selling orders in the 1.305 zone and now it is probably going to test the major support level in the 1.285 area. Considering 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 Major resistance is seen at 1.346. If this level will be breached, the week will probably end with the pair above 1.345. On the other side, major support is seen at 1.34 followed by 1.337. Current exchange rate is 1.3424 Trading strategies: Long at 1.3415, stop at 1.3375, first target at 1.3445, second target Read More
Added on 03.08.2005 at 05.36GMT. Valid until updated. EURUSDThe support at 1.317 was tested on yesterday and now the pair may rise toward 1.327 where it will face the major resistance it already tested for several times a week ago. Current exchange rate is 1.3226Trading strategies:Hold the long position from yesterday with stop at breakeven Read More
Added on 03.07.2005 at 07.34GMTEURUSDDaily resistance is seen at 1.326. Support is seen at 1.322 followed by 1.3185. The pair is in the consolidation process now afterthe Friday major rally, but a retracement is possible before any resistance tests. Current exchange rate is 1.3236Trading strategies:Long at 1.3185, t/p @1.326, s/l @1.316USDJPYResistance is seen at 105.13 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
Added on 03.04.2005 at 07.44GMT EURUSDImportant resistance is seen at 1.3162 and 1.3192. Support was found at 1.309 backed by 1.3065. Large moves are expected today because of the NFP. Current exchange rate is 1.3092Trading strategies:Short at 1.3154, t/p @1.312, s/l @1.3181. If target hit, stops may be moved at breakeven and 1.3075 will be the Read More
Added on 03.01.2005 at 07.31GMT EURUSDResistance is seen at 1.321 followed by 1.324. Important resistance is also made by the trend line of yesterday lows and the Asian session high. Support starts at 1.3175/8 and continues with 1.3144. Current exchange rate is 1.3189.Trading strategies:Long at 1.3165, t/p @1.3225, s/l @1.314USDJPYSupport was found at 104.4 and 104.07. Read More
Added on Monday 02/28/2005 at 07:11 GMT EURUSDA retracement is possible now after the last rally started on Friday at 1.3144. Support starts at 1.3248 followed by 1.3212 and 1.3179. Major resistance is seen in the 1.3295 area. Short positions have to be taken carefully because there are many chances to see new highs above 1.33. 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
Added on 02.25.2005 at 06.48GMT EURUSDSupport is seen at 1.318 and major resistance is eyed at 1.3275. THe pair has moved into this range in the last two days and it is possible to remain in the same range for the next EU and US sessions. Current exchange rate is 1.3196.Trading strategies:Long at 1.318, t/p @1.323, Read More
Added on 02.24.2005 at 06:43 GMT EURUSDImportant resistance is seen in the 1.3268 area. Support was found in the 1.3205-1.3215 area (trend line of 1.3183 thru 1.3193) and also at 1.318. New tests of the 1.327 resistance are possible. Current exchange rate is 1.3245Trading strategies:Long at 1.3225/35, t/p @1.3285, s/l @1.32USDJPYThe support level at 104.38 will Read More
Added on 02.23.2005 at 06.51GMTEURUSD Support was found at 1.323 followed by 1.3195 and 1.317. Resistance is seen at 1.3275 followed by 1.33. The market sentiment remains bullish. Current exchange rate is 1.3243 Trading strategies: Long at 1.322/3, t/p @1.328/9, s/l @1.318 USDJPY Important resistance is seen in the 104.9 area and this will probably Read More
Added on 02.22.2005 at 06.45GMT EURUSDThe pair breached the 1.3125 major resistance in the Asian session and now we have to focus on the 1.3235 level. Important support was also found at 1.3143. Current exchange rate is 1.3177Trading strategies:Long at 1.316/7, t/p @1.321, s/l @1.313USDJPYA retracement is possible before a potential breach of the 104.3 support Read More
Added on 02.21.2005 at 06.47GMT EURUSDSupport is seen at 1.3023, resistance at 1.3095 and a new test of the first res level is possible. Additional gains will target the 1.31 area.Current exchange rate is 1.3054Trading strategies:Long at 1.3045, t/p @1.3085, s/l @1.3025USDJPYSupport was found at 105.61 followed by 105.30. The pair may slip below the first 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
Added on 02.18.2005 at 06.43GMT EURUSDImportant resistance level was tested yesterday in the 1.309 area. Support was found at 1.306 followed by 1.304/05 where we can see the trend line of 1.2739 thru 1.2781 and 1.2967 lows. We expect the resistance level to be tested again. Current exchange rate is 1.3070Trading strategies:Long at 1.3046/51, t/p @1.3112, Read More
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