Good day everyone,
Last week eurusd close as a doji.
This week, 2nd August is the deadline for US debts. Eurusd may trade sideway until 2nd August. I favour eurusd to drop this week with expectation that eurusd will retrace to 1.4400 region before turning down.
So good to pick short if eurusd reach 1.4400. SL 50 pips. Target will be around 1.4050 - 1.4100.
Eurusd update - 29 July 2011 Friday
Good morning everyone,
Yesterday I apologise, I wasnt able to do any updates as I was busy out the whole day. Due to this, I didnt trade either.
Today, despite the fact that I favour turning short, I would recommend staying out until next week as today eurusd might just swing for another day. Anyway, next week, we will likely see big movement or clear direction due to some fundamentals, like the US debt deadline and some major news.
Yesterday I apologise, I wasnt able to do any updates as I was busy out the whole day. Due to this, I didnt trade either.
Today, despite the fact that I favour turning short, I would recommend staying out until next week as today eurusd might just swing for another day. Anyway, next week, we will likely see big movement or clear direction due to some fundamentals, like the US debt deadline and some major news.
Eurusd update - 27 July 2011 Wednesday
Good morning everyone,
Yesterday, my 2nd scenario really came true. Eurusd went up without retracing down first.
Topside is quite limit. 1st resistance is around 1.4570. However, latest news stated that President Obama threatens to veto house speaker Boehner's debts plan shows that US is still trapped in its debts deadlock and could drive eurusd higher.
In such case, I favour picking long if eurusd retrace to 1.4475. SL 50 pips and target exit is around 1.4650.
Yesterday, my 2nd scenario really came true. Eurusd went up without retracing down first.
Topside is quite limit. 1st resistance is around 1.4570. However, latest news stated that President Obama threatens to veto house speaker Boehner's debts plan shows that US is still trapped in its debts deadlock and could drive eurusd higher.
In such case, I favour picking long if eurusd retrace to 1.4475. SL 50 pips and target exit is around 1.4650.
Eurusd update - 26 July 2011 Tuesday
Good morning everyone,
Yesterday, eurusd reached the entry level but havent trigger our stop loss or profit target.
I still favour holding short view that eurusd will reach 1.4250 regions. So those still holding short, wait for eurusd to reach target today. However, stay cautious if eurusd breaking above 1.4440 due to fundamentals.
Yesterday, eurusd reached the entry level but havent trigger our stop loss or profit target.
I still favour holding short view that eurusd will reach 1.4250 regions. So those still holding short, wait for eurusd to reach target today. However, stay cautious if eurusd breaking above 1.4440 due to fundamentals.
Eurusd update - 25July 2011 Monday
Good morning everyone,
Looking at chart pattern, There is a high possibility that eurusd will turn down. However, look out for resistance level 1.4440. If eurusd break above be cautious. Therefore it is good to pick short around 1.4390, SL 50 pips. Target exit 1.4250.
Looking at chart pattern, There is a high possibility that eurusd will turn down. However, look out for resistance level 1.4440. If eurusd break above be cautious. Therefore it is good to pick short around 1.4390, SL 50 pips. Target exit 1.4250.
Eurusd update - 22 July 2011 Friday
Yesterday, SL was triggered before eurusd went up to hit the target!
Well, there is no 100% in trading, this is when I like to say shocking bad luck. haha!
Today, we expect eurusd to continue climbing. I expect a retracement to 1.4330 before turning up. So good to pick long around 1.4330 with SL around 50 pips target exit is around 1.4480.
However, in any case if eurusd did not retrace to 1.4330.Good to pick long if it breaks 1.4438.
Well, there is no 100% in trading, this is when I like to say shocking bad luck. haha!
Today, we expect eurusd to continue climbing. I expect a retracement to 1.4330 before turning up. So good to pick long around 1.4330 with SL around 50 pips target exit is around 1.4480.
However, in any case if eurusd did not retrace to 1.4330.Good to pick long if it breaks 1.4438.
Eurusd update - 21 July 2011 Thursday
Good morning everyone,
Yesterday eurusd went up as forecast.
Today is a very important day as there will be an EU summit. Eurusd may stay on a sideline until tonight US session.
I would favour picking long still around 1.4200. With stoploss around 50pips. Target exit is around 1.4350.
Yesterday eurusd went up as forecast.
Today is a very important day as there will be an EU summit. Eurusd may stay on a sideline until tonight US session.
I would favour picking long still around 1.4200. With stoploss around 50pips. Target exit is around 1.4350.
Eurusd update - 20 July 2011 Wednesday
Good day,
Yesterday swing was good. Made another 100pips profit!
Today, I favour picking long again around 1.4130 - 1.4150. With stoploss around 50 pips. Target exit is around 1.4250.
Yesterday swing was good. Made another 100pips profit!
Today, I favour picking long again around 1.4130 - 1.4150. With stoploss around 50 pips. Target exit is around 1.4250.
Eurusd update - 19 July 2011 Tuesday
Good morning everyone,
Sorry was not able to give an update for yesterday.
Anyway, yesterday's eurusd really swings widely. Right now, everyone is waiting for the summit on 21 July. I believe market will have a lot of speculative news and eurusd will likely retrace higher.
Today, I favour picking long around 1.4075 with stoploss around 50 pips. Target exit is around 1.4175.
Sorry was not able to give an update for yesterday.
Anyway, yesterday's eurusd really swings widely. Right now, everyone is waiting for the summit on 21 July. I believe market will have a lot of speculative news and eurusd will likely retrace higher.
Today, I favour picking long around 1.4075 with stoploss around 50 pips. Target exit is around 1.4175.
Eurusd - 15 July 2011 Friday
Good morning everyone,
Right now fundamentals are affecting the market so much. Euro currency are turning weak due to the sovereign debt crisis. US aren't looking good either.
Today, I favour a weakening euro currency. Therefore I favour looking for short at the moment. Good to pick long when eurusd reach a high 1.4215 or if eurusd breaks below 1.4115. Stoploss around 50 pips. Target exit is around 1.4000.
If my view is right, eurusd will likely break the previous low 1.3837 and go for 1.3600 regions.
Be cautious of tonight's economic data as eurusd may swing.
Right now fundamentals are affecting the market so much. Euro currency are turning weak due to the sovereign debt crisis. US aren't looking good either.
Today, I favour a weakening euro currency. Therefore I favour looking for short at the moment. Good to pick long when eurusd reach a high 1.4215 or if eurusd breaks below 1.4115. Stoploss around 50 pips. Target exit is around 1.4000.
If my view is right, eurusd will likely break the previous low 1.3837 and go for 1.3600 regions.
Be cautious of tonight's economic data as eurusd may swing.
Eurusd update - 14 July 2011 Thursday
Good morning everyone,
So sorry couldnt do any forecast yesterday. I have to rest throughout the day. After a good trip also feels tired but it is definitely refreshing for the mind.
Anyway, I am in awe when I saw how eurusd moved. Again I have missed such a long trading day. but to me, most important is not missing such trades but able to make consistent profits.
So today, good to pick long on eurusd around 1.4200 with sl around 50 pips. Target exit is around 1.4350.
So sorry couldnt do any forecast yesterday. I have to rest throughout the day. After a good trip also feels tired but it is definitely refreshing for the mind.
Anyway, I am in awe when I saw how eurusd moved. Again I have missed such a long trading day. but to me, most important is not missing such trades but able to make consistent profits.
So today, good to pick long on eurusd around 1.4200 with sl around 50 pips. Target exit is around 1.4350.
Eurusd update - 11 July 2011 Monday
Good day everyone,
I am doing a forecast early because tomorrow I will be leaving for an oversea trip.
I am going to give a weekly outlook before I go.
Eurusd is still trading within a consolidation range. This week, we are looking at support level at 1.4115. Resistance level remains at 1.4500.
I favour a bear trend this week. However, eurusd is still trading within a consolidation. So I really recommend trading only when eurusd breaks extreme ends, showing clear direction then we go for the catch.
I am doing a forecast early because tomorrow I will be leaving for an oversea trip.
I am going to give a weekly outlook before I go.
Eurusd is still trading within a consolidation range. This week, we are looking at support level at 1.4115. Resistance level remains at 1.4500.
I favour a bear trend this week. However, eurusd is still trading within a consolidation. So I really recommend trading only when eurusd breaks extreme ends, showing clear direction then we go for the catch.
Eurusd update - 8 July 2011 Friday
Good morning everyone,
Eurusd formed another leg down yesterday but closed as white candle up.Right now, eurusd is still in a consolidation range.
Today, I expect eurusd to turn back up. Good to hunt for long when eurusd retrace to
1.4295. Stoploss around 50 pips with target exit around 1.4450.
* An important note, next week on the 10 July, I am going oversea for a short trip. Therefore, I not be able to update on 11 and 12 July. So take this time, have a break. See you guys back on 13 July!
Eurusd formed another leg down yesterday but closed as white candle up.Right now, eurusd is still in a consolidation range.
Today, I expect eurusd to turn back up. Good to hunt for long when eurusd retrace to
1.4295. Stoploss around 50 pips with target exit around 1.4450.
* An important note, next week on the 10 July, I am going oversea for a short trip. Therefore, I not be able to update on 11 and 12 July. So take this time, have a break. See you guys back on 13 July!
Eurusd update - 7 July 2011 Thursday
Good morning everyone,
Yesterday, eurusd pulled up to the high as mentioned and turn down lower than our target to 1.4286.
Today, looking at eurusd formation, I expect eurusd to pull up for a correction, provided eurusd breaks above 1.4340. So good to trade long if eurusd breaks above 1.4340 with 50 pips stoploss and target exit is around 1.4400.
Yesterday, eurusd pulled up to the high as mentioned and turn down lower than our target to 1.4286.
Today, looking at eurusd formation, I expect eurusd to pull up for a correction, provided eurusd breaks above 1.4340. So good to trade long if eurusd breaks above 1.4340 with 50 pips stoploss and target exit is around 1.4400.
Eurusd update - 6 July 2011 Wednesday
Good day everyone,
Eurusd has broken our support level at 1.4460.
Today, good to pick short around 1.4460 - 1.4480 with stoploss around 50 pips. Target exit is around 1.4300 - 1.4350.
Eurusd has broken our support level at 1.4460.
Today, good to pick short around 1.4460 - 1.4480 with stoploss around 50 pips. Target exit is around 1.4300 - 1.4350.
Eurusd update - 05 July 2011 Tuesday
Good morning everyone,
Yesterday eurusd traded only about 70 pips.
Right now, eurusd has a very uncertain direction, seems to be just swing and forming a channel at this top. However, I can see that eurusd has formed a head and shoulder formation with 1st resistance level at 1.4553 and 2nd resistance at 1.578.
Eurusd has also broke the support level at 1.4500 but support by the 2nd support level at 1.4460.
So just be patient and wait for a clear direction when eurusd break either extreme ends.
Yesterday eurusd traded only about 70 pips.
Right now, eurusd has a very uncertain direction, seems to be just swing and forming a channel at this top. However, I can see that eurusd has formed a head and shoulder formation with 1st resistance level at 1.4553 and 2nd resistance at 1.578.
Eurusd has also broke the support level at 1.4500 but support by the 2nd support level at 1.4460.
So just be patient and wait for a clear direction when eurusd break either extreme ends.
Eurusd update - 4 July 2011 Monday
Good morning everyone,
Last friday, eurusd swung wildly. Looking at the chart, this week we are looking at eurusd to climb higher and we might even see eurusd to reach 1.4900 near the top at 1.4940 on 4 May.
Monday, eurusd may do a small consolidation with 1.4450 - 1.4550 but I favour picking long around 1.4470 regions with stoploss around 50 pips. Target exit is around 1.4600.
Last friday, eurusd swung wildly. Looking at the chart, this week we are looking at eurusd to climb higher and we might even see eurusd to reach 1.4900 near the top at 1.4940 on 4 May.
Monday, eurusd may do a small consolidation with 1.4450 - 1.4550 but I favour picking long around 1.4470 regions with stoploss around 50 pips. Target exit is around 1.4600.
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