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The Greenback continued to rally throughout the Asia and European trading sessions, bringing EUR/USD down to 1.5300 before the pair found buyers to stall the rally.
Read MoreThe Greenback continued to push higher on a broad base through the Asian and European session with no retracement.
Read MoreOur trade was triggered and stopped out this morning as US Dollar strength continues to grow after.
Read MoreI have closed my open orders today as the Euro rallied higher on Trichet’s comments that a rate hike may be in the cards for the next meeting to stabilize prices.
Read MoreLooks like I’m going to have to shut this trade down as Bernanke’s comments has signaled an end to the rate cuts and the Fed’s focus on the US Dollar weakness.
Read MoreAs hoped, EUR/USD rallied a bit higher to the 38% Fibonacci retracement level, and after hanging out just a bit above 1.56, the pair dropped as the US Dollar rallied on
Read MoreEUR/USD was not able to make it above the 38% Fibonacci retracement level before falling further to its current levels around 1.55.
Read MoreTo close out the week, tonight’s chart couldn’t get any simpler. No Fibonacci, no mathematical indicators – just short at the resistance line!
Read MoreAfter retracing from last week’s downtrend, it appears the move lower may resume after finding resistance at 104.00.
Read MoreWe held our short position over the weekend, and it looks like we came close to our second profit target, but as the European trading session open, Cable caught fire higher on
Read MoreIf you don’t know the odds, you can’t make an intelligent bet.Larry Hite