Eur/USD signals

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The ECB interest rate decision pegged at 1% should more possibly remain so. If we see an increase in the rate (1.25 and beyond) enter a long on the spike for at least 50 pips.

If any lesser interest rate number then join the selling frenzy.

In the unlikely event of any change in numbers a sell @ 1.3120 for at least pips with a SL of 40.

A long from this mark for the same number of pips with a SL of 40. 1.3120 holds the key and get a good confirmation on two successive candlesticks on the TF you're following.

 

Signal for 24 Jan 2011

The pair looks mixed for the day with bullish sentiment stronger.

Buy @ 1.3580 for 60 pips or more (SL 40) which is aggressive or

Buy @ 1.3540 for 80 pips (SL 40) which is more conservative

Sell @ 1.3580 for 60 or more (SL 40) aggressive or

Sell @ 1.3690 for 90 pips (SL 40) conservative.

Good way to execute signals would be to take a confirmation on the candlesticks or the TF you're following. After the open of the European open the above signals work far better.

 

Signal for 25 Jan 2011 Tuesday

The Eur/USD looks bullish for the day and obviously the option to go long is the sentiment.

Buy on a dip again to 1.3590 for a 100 pips if you're an intra-day trader.

Swing traders may exit at your own levels having made 20, 40, 60 odd pips.

A good stop-loss on this occasion would be 40 pips.

Watch out for a line up of economic data releases slated for the day.

An aggressive set up would be a short around the same level 1.3590 (only if the pair doesn't hold ground). At least 50 pips is a possibility and a strong breach below 1.3550 should give you more.

Note: Yesterday's long entry at 1.3553 gave me a nice 118 pips, exited at 1.3671. :cool:

 

Signal for 26 Jan 2011 Wednesday

Yesterday's prediction gave me 93 pips after a long entry @ 1.3590 and exit at 1.3683. Was tough indeed.

It's a mixed day for the pair and also have some important news releases slated for the day. Watch out and proceed with caution.

Buy on a dip to the 1.3620 level for 80 pips.

Sell from a pullback around 1.3730 (aggressive) or 1.3790 for 60-80 pips.

You can set a SL of 40 in all cases. These signals are basically for the intra-day traders and others can exit at much earlier levels having made a profit of about 20, 40 or 60 odd pips even.

 

Signal for 31 Jan 2011 Monday

Suddenly the sentiment looks 'bearish' with the Eur/USD, so we look to short options.

A good resistance is at 1.3653 and the support is at 1.3537.

Sell primarily from around the 1.3650 mark for 80-100 pips (taking a nice confirmation from the 1hr candlestick). Set a SL of 40 in this case.

And there isn't really an option to go long for intra-day traders, hence we back off.

(Note: Friday's short entry gave me a nice 111 pips that went as per prediction)

 

Signal for 01 Feb 2011 Tuesday

And bullish sentiment for the day on our hands.

Buy around the strong support at 1.3700 for 80 pips. Set a SL of 40 (intra-day traders)

OR

Sell from around the 1.3820 level for 60 pips setting a SL of 50.

(Note: Yesterday's short didn't quite take off owing to the geo-political situation in the middle-east. We do not trade unless we have a good setup to do so, basically to avoid a losing trade).

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