Forex Signals – EUR/USD Approaching Resistance

7-31-09

5:02a GMT – Here we are, end of the week, end of the month! Time goes too quickly.. Yesterday’s signal for a 1.4115 short was never entered as no candlestick confirmation signal every occured. Looks like we might get one any bar here though, as the price action appears to be stalling out [...]

Technical Analysis – EUR/USD Caution; Sell Rallies

9-4-08

3:19a GMT – EUR/USD is very bearish on all but the weekly and monthly charts (where solid support has yet to be broken) and I am looking to sell rallies. In the short term, however, caution is advised as a bullish reversal hammer formed yesterday on the daily charts right on strong daily [...]

Technical Analysis – EUR/USD More Losses

9-2-08

4:21a GMT – After our last successful short trade on the EU pair we are again looking to sell for another retreat down to 1.4475. Threats to trade are a very oversold level and the weekly/monthly support the pair is currently resting on. Down to 1.4450 would complete a nice double-top reversal and [...]

Technical Analysis – EUR/USD Selling Rallies

8-19-08

7:05a GMT – Not much has changed in the technical analysis of EUR/USD for the last few days – the pair remains overall bearish with room to run down to 1.4475. The major threat to the trade is that the dailies highly oversold and the market could be primed to consolidate and bounce [...]

Technical Analysis – EUR/USD Bearish Charts

8-15-08

6:00a GMT – EUR/USD remains bearish on the charts with a sustained break below 1.5000. Pair is stilling heavily oversold but a few more days of sideways movement should ease that. For those doubting which direction the trend is in the shorter term: the pair has dropped 1300 pips in the past 30 [...]