GavaldaFX Forex Blog » eurusd

USD finally gets some beating

Mark Gavalda — Fri, 25 Jul 2008 06:56:05 +0000

Good morning everyone. I have to admit I’m happy to see that the dollar is finally getting some serious beating across the board. The only one that didn’t move (yet) is the GBP/USD because GBP is getting sold also! EUR/USD finally up to 1.5732, let’s wait and see if it’s just gathering momentum for another selloff or this is really the end of the retracement and now we resume the uptrend.

EUR/USD tunnel to the South

Mark Gavalda — Wed, 23 Jul 2008 17:23:55 +0000

This is indeed a tunnel to the South. Mixed feelings: some analysis says it can’t go down more, and others (mainly higher timeframes) tell me that it’s just a beginning. We’ll see, price action will tell us. The most useful tip I can give now is to trade lower timeframes and short intraday moves those are a bit more reliable right now.

EUR/USD waiting for action

Mark Gavalda — Tue, 22 Jul 2008 06:02:39 +0000

It seems that the Asian session did not bring much action to the table, almost every pair remained unchanged. I was taking a light bid on eur/usd with tight stop and trailing stop, it was closed out in +1pip Ridiculous, but still a profit, one has to think positive, right? Let’s see what London has for us today. Welcome to my daily Forex blog!

Quickly closing a light scalp

Mark Gavalda — Mon, 21 Jul 2008 22:35:43 +0000

I don’t really like how the EUR/USD and other USD related pairs cannot decide where to go at the beginning of this Asian session. So I decided to put and end to the suffering and take profit at a very modest +10 pips.. I re-evaluated the trendlines on my chart and found something interesting, that could mean more rise in this particular pair, and ouf course correlated ones also. Will post my views in the morning, bye for now.

Sold EUR/USD at 1.5930

Mark Gavalda — Mon, 21 Jul 2008 21:30:00 +0000

I sold EUR/USD at 1.5930 a minute ago, with a light lot size because this is a contra-trend trade in every possible way, I’m just trying to make profit of the extreme high level we’re at right now. Willing to close this as soon as the price climbs higher, S/L at -15pips right now.

EUR/USD maybe at intraday top

Mark Gavalda — Mon, 21 Jul 2008 21:15:14 +0000

I can see limited upside power for the EUR/USD pair given that it rose almost exactly 100 points without even a little pause, plus it’s at the top of a channel, plus a little shooting star candle was drawn on the M15 charts. I assume it will retrace at least a bit, but not too much. This upward move was expected by me this morning, but the Bank of America news gave a short strength to USD after the fog faded away the pair resumes its path for newer highs.