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6-17-09 17:14 GMT – EUR/USD is consolidating as the market absorbs recent US stock market drops and forthecoming legislation from the Obama adminstration about financial market regulations. Technically we can see the pair continues to range, neither particularly overbought or oversold, in an increasingly triangular consolidation pattern. In  the short term I expect a [...] 6-16-09 6:26a GMT – No trade entered yesterday as the pair never bounced off support or even remotely slowed down. USD gained a lot of ground as the US stocks plummeted and traders took their money out of stocks and “riskier” vehicles and took the relative safety of the dollar, driving the EUR/USD down. [...] 6-15-09 6:16a GMT – Pair is still extremely mixed in the short and mid-term charts, however since the pair is near the bottom of its range I will look for buying opportunities near support in the short term. Pair is also touching oversold ont he 60min charts.  I will use tight stops and look [...] 6-11-09 4:46a GMT – Signals are about as mixed as they come right with the EUR/USD pair for the short and mid-term. The 1-hour charts look bearish, the 4-hour charts look bullish and the daily charts are anyone’s guess. And with all three of those timeframes the RSI is about as dead middle as [...] 6-10-09 5:48a GMT – Yesterday’s first short target was hit for 80 pips, but the pair was not able to sustain any momentum and quickly returned to the upside. It broke well above 1.4050 and stalled below 1.4100 as the pair approached overbought levels. I will look to buy dips when the pair cools [...] |
 
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Risk Warning |
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