PipHut.com

2-20-09

5:27a GMT – Pair climbed up to 1.2745, my original resistance earlier in the week before taking a 200 pip tumble back down to 1.2580. Bulls were able to rally the pair today but were not able to break any significant resistance or sustain the rally for the entire day, so the mid-term [...]

2-19-09

5:26a GMT – EUR/USD tread water yesterday, pushing downward a little bit but for the most part not making significant movement any way. Bears won out in the end, with the bulls unable to push above any significant resistance levels. This mimics, for the most part, the action in the US stocks yesterday [...]

2-18-09

5:26a GMT – Bearish trend continued yesterday with another 150 pip drop to a 2009 low of 1.2560. While I am still bearish on the pair there are a few bullish signals on the 4-hour chart that would give me pause. Mainly, the pair is very oversold right now. The RSI is hovering [...]

2-17-09

5:26a GMT – I hope everyone enjoyed yesterday’s bank holiday! Back to trading! Big news for us signal traders is that the EUR/USD made a sustained break of 1.2700, re-confirming the downtrend and giving us a short outlook in the near future. This was couple with a 70-pip bearish gap yesterday. We had [...]

2-13-09

5:26a GMT – We’ve made some good pips off of the range this weekas the pair bounced around amid general market confusion. When their seems to be an even split in the market about what is happening or which direction a currency is going I prefer to look for ranges to trade. Yesterday [...]