EURUSD Trading Idea 13.12.2013

EURUSD is moving in a downtrend after the 11th of December. At the moment is moving slighly below it's moving averages SMA-100 and SMA-50. The trading idea for today is to sell around 1.3768 putting stop loss 14pips higher and take profit 25pips lower. If the price climbs above 1.3780, you could buy putting stop loss 12 pips lower and take profit around 1.3805.

EURUSD Update 04.12.2013

After the evening violent breakout below the support line of 1.3566 and finding support at 1.3527, the pair is moving again at the prices of 1.3590. The most possible scenario is that EURUSD will follow a bullish trend, keep moving above SMA-50 and SMA-100. The best time to take a long position is above 1.3625. Thus, Thursday is a good day, considering the full of announcements calendar, in order to see the pair around 1.3670 - 1.3700.

EURUSD Update 02.12.2013

EURUSD broke the support line of SMA-100, which was the last support after the first break of trendline, as you can see at the chart above. The most possible scenario for Tuesday, is the consolidation between the prices 1.3560 and 1.3520, since there is no important announcement scheduled for that day. On the other hand, a breakout below 1.3520 could lead the pair below 1.3490 giving a good opportunity for short positions.

EURUSD Trading Idea 25.11.2013

EURUSD is moving lower today at the beggining of this week, without having some important events at the Economic Calendar. From the chart above we can identify the downtrend and some early resistances and supports. More specifically, it seems that works again the resistance at 1.3516 and the support at 1.3487. The idea for today is that the price may consolidate between these prices, so you can take some sell and buy limits according to these lines. In case of a bear breakout you can put a sell stop at 1.3485 putting stop loss at 1.3493 and take profit at 1.3468.

EURUSD Trading Idea 22.11.2013

EURUSD is moving up today continuing the bullish trend. The strong bearish movement on Wednesday found an also strong support at 1.3398 and after then the pair is moving bullish. The trading idea for today is also clear and simple. You can take long positions when the price go above SMA-100 putting stop loss 15 pips lower and taking profit 35 pips higher.

EURUSD Update 20.11.2013

Eventually the so called breakout of the bullish trendline happened today at EURUSD. This had a great bearish impact at the pair, sending the EUR at the lowers prices this week. After the positive announcements concerning the retail sales of USA, USD gained a lot versus EUR today evening. The pair found supports at 1.3454 and 1.3430 before continue it's bearish movement just below 1.3416. The previous two days i had informed you for this aspect, so i hope you had take a good sell limit position around 1.3500 gaining some easy pips. At the moment the bearish trend continues, aiming the support of 1.3389. On the other hand, for prices above 1.3432 you have to be careful for a short bullish trend. Finally, above 1.3460 you can take long positions.

EURUSD Trading Idea 19.11.2013

EURUSD is moving in a bullish direction finding strong resistance at 1.3542 today. The currency continues to follow the ascending trendline that began at Nov the 7th, which pushes it higher and higher. Apart from the trendline, the currency is finding the last 4 trading days above SMA-100 and the last 2 trading days a newer support at SMA-50. This could mean that a trader could go long near to this lines. The next crucial point is that the pair has found twice (today and yesterday) a strong resistance as you can see at the chart above.

Thus the trading idea for today is to take long positions near the first trendline putting stop loss 10 pips lower and take profit 30 pips higher. At the alternative scenario of breaking out the trendline, you could sell, taking a short position putting stop loss at the second trend line (as you can see at the chart) and take profit at 1.3430.

EURUSD Trading Idea 15.11.2013

There is a quite clear direction movement at the pair EURUSD, as a continuation of the last 5 trading days. As you can see at the chart above, the trendline seems to guide the pair all the more higher. The most probable scenario is to continue in a bullish action. Taking into consideration that today is the Ecofin Meeting, the second scenario is to break the trendline finding presure at the level of 1.3460. Thus, the trading idea for today is to take long positions near to the trend line, putting stop loss 10 pips lower and take profit 20 pips higher. In case of an opposite breakout of the trendline, you can take a short position expecting a big move at the pair.

Be careful : There is already a resistance line at 1.3445 that pushes the market lower.

EURUSD Trading Idea 13.11.2013

EURUSD is moving in an ascending channel as you can see in this chart. Since there is no major economic events in short-term you can take a long position at 1.3393 putting stop loss 12 pips lower and take profit 25 pips higher if you want quick profit, or 60 pips higher near the resistance line of 1.3453. On the other hand, in case of a bearish breakout you could sell at 1.3378 putting stop loss 10 pips higher and take profit at 1.3344.

EURUSD Trading idea 12.11.2013

EURUSD is moving in a bullish trend today finding resistance at the level of 1.3453. The trading idea at the moment is to sell at the level of 1.3449 putting stop loss at 1.3460 and take profit at 1.3430. On the other side, a breakout of 1.3455 will lead the pair at 1.3478.

EURUSD Update 11.11.2013

It's Veteran's Day today at USA and since it's Bank Holiday, there is quite low volatility at the pair EURUSD. However, EURUSD seems to move slightly bullish gaining ground, after Friday's sell off.

EURUSD Update 07.11.2013

ECB just announced that the European Interest Rate will be 0.25% pushing the market below of 1.3400.

EURUSD Trading Idea 06.11.2013

EURUSD is consolidating between 1.3440 (lower low) and 1.3524 (higher high). The trading idea for today 6 Nov 2013 is to buy above 1.3529 putting stop loss at 1.3510 while taking profits at 1.3567. Breaking the resistance of 1.3524 will possibly lead the price above 100-SMA which is very close at the moment.

EURUSD Trading Idea 04.11.2013

Having been sold for 5days in a row, EURUSD tested today morning (at the begging of this week) it's new low creating a doji. I prefer to analyse the daily chart today because after a big move like the previous 300+ pips movement, we can see more clear the supports for this pair. EURUSD seems to find support at the level of 1.3440 following better the 100-days SMA. The trading idea for today is to buy after at the level of 1.3510 putting a stop loss at 1.3480 and take profit at 1.3570.

EURUSD Review 31.10.2013

EURUSD is in a free fall today due to the negative announcements for euro, Consumer Price Index, Consumer Price Index Core. Moreover, the positive expectations for the unemployment rate were wrong, and the rally for the dolar is continuing, gaining more than 200 pips within a few days.

EURUSD Update 30.10.2013

EURUSD Update 29.10.2013

EURUSD continues the consolidation between 1.3770 and 1.3793 today waiting the announcement of Retail Sales (MoM) (Sep). The aspect is negative for the datas, since the previous 0.2% will be possibly 0.1%, which means that the most possible scenario is a bullish trend above 1.3793. Before this, however, we have to wait the announcements for GBP Consumer Credit (Sep), Mortgage Approvals (Sep) and Net Lending to Individuals (Aug) at 11.30 am

EURUSD Review 28.10.2013

Without having clear direction, EURUSD opened this week trading session, consolidating between 1.3775 (lower) and 1.3817 (higher). As for technical analysis, a breakout of 1.3762 will lead lower at supports of 1.3740, while a bullish movement above 1.3832 will find resistance at 1.3850.

EURUSD 24.10.2013

After a short downtrend due to the negative outcomes of the announcements in Europe, today morning, EURUSD is moving up, above 1.3800, 50-days SMA and 100-days SMA.
Supports levels at 1.3761 and 1.3743. Resistance levels at 1.3820 and 1.3850.

EURUSD Review 23.10.2013

After yesterday breakout the EURUSD currency found a strong resistance level at 1.3793. The currency today is consolidating between 1.3740 and 1.3793 testing all the more support levels.

As for technical analysis, the EURUSD currency is trying to hold above 100-day SMA and 50-day SMA. The short terms supports levels can be find at 1.3740 and 1.3722, while the breakout of 1.3793 will lead to 1.3829 and 1.3875