Trade Risk Management
EURUSD: We discussed the EUR on Friday and mentioned that Support and Resistance traders would be looking for an opportunity to go long if there was a bounce off Support. An entry did not materialize but if...
Tag: EURUSD
Major Currencies’ weekly Report 07/6/2010
EURUSD The pair moved to the downside,breaching the support levels for the main descending channel due to the effect of the breach of the bearish technical pattern’s neckline at 1.2140, which will cause a quick bearish trend. Some...
EUR/USD 1.1918 – 7 June 2010
EUR/USD Open 1.1886 High 1.2210 Low 1.1878 Close 1.1968On Friday Euro/Dollar traded with a slight increase at first, later in the day collapsed under 1.2 on Hungary issues and good US payrolls data.
EURUSD Analysis – June 5, 2010
EURUSD continues its downward movement and the fall from 1.5144 extends to as low as 1.1955 level. Resistance is now at 1.2330, as long as this level holds, downtrend could be expected to continue and deeper decline...
Major Currencies’ Midday Report 04/6/2010
EURUSD The pair touched the awaited level from this morning at 1.2215, where it started attacking the pivotal support at 1.2175; therefore, the suggested morning scenario will be activated since we have not witnessed a clear breach...
Major Currencies’ Morning Report 04/6/2010
EURUSD The 50 MA stood as a strong barrier in front of the pair’s attempts to ascend so it may sharply drop towards the pivotal 1.2175. Trading is within the bearish technical pattern, which makes us expect a...
EUR/USD 1.2174 – 4 June 2010
UR/USD Open 1.2170 High 1.2319 Low 1.2152 Close 1.2160On Thursday Euro/Dollar traded with a slight increase at first, later in the day recorded significant decrease, but not below week’s low. Euro/Dollar depreciated from 1.2319 to 1.2152 yesterday,...
Major Currencies’ Midday Report 03/6/2010
EURUSD The pair set a four-hour closing above the awaited morning resistance at 1.2290; therefore activating the suggested morning scenario, although the affect of the 50 MA and Stochastic’s negativit y has pushed the pair to move...
Moving Averages
Averages serve one key purpose, to smooth out price action. In so doing, it should give a trader a better feel for how to trade certain markets. We often talk about the major moving averages of 50,...
Major Currencies’ Morning Report 03/6/2010
EURUSD The pivotal support mentioned yesterday at 1.2175, shown strong steadiness against the negative pressure on the pair; thereby pushing it to the upside to attack resistance for the descending channel that organizes the last bearish intraday trend. ..