PipHut.com

4-21-09

5:13a GMT – EUR/USD continued its downward trend yesterday, dropping over 150 pips over the day. Yesterday’s sell signal was never reached, though I personally sold the break of 1.3000 support to pick up some pips along the way. Today I expect more of the same (can’t argue with the trend), though the [...]

4-20-09

4:56a GMT – EUR/USD has dropped 500 pips in the past 2 weeks and is looking weak as it continues to make lower lows and lower highs. I will look for selling opportunities as the pair is oversold on the hourlies and in need of a little cooling off.

Trading Idea: 1.3100 was [...]

4-17-09

5:56a GMT – Bears continue to win out on the pair as a lower low and lower high were established yesterday. Our entry price was never reach but I did end up selling on a sustained break of 1.3200 and rode it down for a hundred pips or so. As always heading into [...]

4-16-09

5:56a GMT – All targets hit on yesterday’s signal, but the pair quickly rebounded to 1.3265 area and has been ranging ever since. General consensus is for dollar strength but many are waiting for a significant rally to fade. My inclination is still bearish as the pair continues making lower lows and lower [...]

4-15-09

5:26a GMT – EUR/USD was bearish yesterday and continues to look overall bearish on dailies and hourly charts. Though I am overall bearish on the pair with strong support at 1.3215 I would consider buying a strong candlestick signal above 1.3200 but my inclination is to sell resistance around 1.3300.

Trading Idea: Selling [...]