FX Daily analysis and trading strategies 6-25-10
EURUSD
Trading strategy: small short at 1.2425, stop at 1.2485 (0.5% risk), objective at 1.2325
The euro is little changed against the dollar since yesterday’s morning – holding gains above minor intra-day support at 1.2300 for now. Yesterday’s rally to 1.2390 was short-lived but on short-term basis, the upside remains slightly favored – important upside objectives being seen at 1.2360/90 followed by 1.2450/65 and 1.2500. On the South side, key support is seen at 1.2150, but until getting that low there is also 1.2250 which was established last week and provided support in the last 3 days. Today’s economic calendar is lighter – the most notable data release being the GDP at 13:30 GMT.
Support: 1.2300, 1.2250/70, 1.2150 and 1.2000
Resistance: 1.2350/65, 1.2450/65, 1.2500 and 1.2670
Market sentiment: long term – bearish, medium term – bearish, short term – slightly bullish, intra-day – bearish
- EURUSD 4hrs chart 6-25-2010
- EURUSD hourly chart 6-25-2010
Other setups
GBPUSD
- GBPUSD 4hrs chart 6-25-2010
EURGBP
- EURGBP daily chart 6-25-2010
EURJPY
- EURJPY 4hrs chart 6-25-2010
NZDUSD
- NZDUSD daily chart 6-25-2010
Gold
- XAUUSD 4hrs chart 6-25-2010
Have a great day!
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