9-30-08
2:26a GMT – After booking 200 pips on our last sell signal we are looking for more selling opportunities, this time around resistance at 1.4555 (the 9/25 and 9/26 low).
Trading Idea: look for bearish candlestick signals around these levels to confirm trade. Shorts favored with targets at 1.4445, 1.4350 and 1.4300. If [...]
9-25-08
3:26a GMT – My last signal was a buy at 1.4600. Close that for a 100-pip gain. The horrible housing data in the US actually gave some traders the glimmer of hope that a bottom is forming in the housing market. Plus Congress is actively discussing bailout options to loosen the credit crunch [...]
9-23-08
3:26a GMT – EUR/USD remains bullish, with strong support between 1.4600-1.4500. I will be looking for a dip and then bullish reversal signals in this area, with a mid-term challenge of 1.4900 as my target.
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9-19-08
3:26a GMT – The USD is giving off mixed signals but I’m looking to buy dips as other currencies gain back some losses they suffered in the past month.
Trading Idea: Support is at 1.4100 and I am looking for bullish reversal signals at this area. Long targets at 1.4225, 1.4280 and 1.4400.
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9-17-08
3:26a GMT – After staying bearish on the EUR/USD for the past month on starting to turn a little bullish. The pair stalled at 1.3890 support after just touching the Fibonacci 50% support from Oct 2005 low to 1.6000. We have fallen over 1,000 pips in the past 2.5 months and I’m looking [...]
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