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Recent Posts
- Trade Idea Wrap-up: USD/JPY – Hold long entered at 84.50
- Trade Idea: USD/CAD – Hold long entered at 1.0510
- ECB To Extend Full Allotment Of Refinancing Operations Towards Year-End
- EURUSD: Struggling To Recover Higher
- U.S. Recovery is Tracking Traditional Experience after Financial Crisis Induced Recessions
- Monthly Economic Outlook – August 2010
- Trade Idea Update: GBP/USD – Sell at 1.5470
- GBP/USD – Approaching Sell Zone
- FX Monthly – August 2010
- Trade Idea Update: USD/CHF – Sell at 1.0465
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EUR/USD Archive
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Trade Idea Wrap-up: EUR/USD – Hold long entered 1.3020
Posted on July 31, 2010 | No CommentsFailure to extend intra-day rebound from 1.2980 suggests further consolidation would be seen and indicated minor support at 1.2977-80 must hold for prospect of another bounce to 1.3055/60, then towards yesterday’s high at 1.3107, however, break there is needed to signal recent upmove has resumed... -
Eur/Usd: A Critical Day
Posted on July 23, 2010 | No CommentsWe will see today who is going to win, bulls or bears. Mysteries of stress tests are going to end today. Briefly markets have carried a positive atmosphere till today .The parity is still under very strong and serried resistance levels. While the parity shows... -
IMM Positioning – Positioning Risk On EUR/USD Eases
Posted on July 12, 2010 | No CommentsDuring the week covered by the latest IMM positioning data, USD has weakened more than 2% in effective terms, with EUR/USD breaking well above 1.26 in summer-thin trading and with USD/JPY dropping below 87. The broad-based USD weakening has coincided with speculative investors trimming their... -
EURUSD Set To Trade Further Higher
Posted on July 11, 2010 | No CommentsAs the pair followed through higher the past week on the back of its previous week bullish run, further bull pressure is set to recapture the 1.2671 level, its May 21′10 high and the 1.2721 level, its July 09′10 high. These two key resistance levels... -
Trade Idea Update: EUR/USD – Buy at 1.2555
Posted on July 10, 2010 | No CommentsEuro’s retreat after intra-day marginal rise to 1.2723 suggests a minor top has been formed and consolidation below there would be seen with mild downside bias for retracement to 1.2600, however, renewed buying interest should emerge around previous support at 1.2553 and bring another upmove. View... -
Trade Idea Wrap-up: EUR/USD – Buy at 1.2505
Posted on July 9, 2010 | No CommentsDespite intra-day marginal rise to 1.2723, the subsequent sharp retreat signals a temporary top has been formed and retracement to 1.2553 support cannot be ruled out, however, renewed buying interest should emerge around 1.2500/05 (38.2% Fibonacci retracement of 1.2151 to 1.2723) and bring another upmove... -
EUR/USD Showing First Signs of Reversal
Posted on July 9, 2010 | No CommentsThe EUR/USD was in a diagonal triangle according to the 7.8.2010 update. The market did not reach 1.2740, but was held at 1.2720. Then there was a sharp slide in the European session until the start of the US session, when the decline paused. I... -
Trade Idea Wrap-up: EUR/USD – Buy at 1.2555
Posted on July 9, 2010 | No CommentsAs the single currency has maintained a firm undertone partly due to cross-buying against Japanese yen, suggesting recent upmove remains in progress and gain towards 1.2739 (61.8% projection 1.2193-1.2613 measuring from 1.2479) is likely, however, loss of upward momentum should prevent sharp move beyond there... -
EUR/USD in a Wave 5 Diagonal Triangle?
Posted on July 9, 2010 | No CommentsFollowing the EUR/USD as it rallies towards 1.2750 as posted in the previous update. The market is indeed rallyign towards 1.2740/50, however the momentum is slowing, as we see a lengthy bearish divergence forming. The pattern of the rally that started near 1.21 suggests an...