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EUR/USD Trading 09-13 Dec 2013 live with Matthew Taylor

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This week's strategy is on the EUR/USD. The pair is is maintaining a strong bullish attitude and we will wait for lower levels to appear.

EURUSD_WEEK2_DEC_2013

Comments

Matt T.'s picture

The Euro kept rallying without stopping anywhere, so we keep looking for levels to buy calls. The closest one is around 1.3740 which is the daily low set during the Europen trading session. We remain skeptical towards the downside until the rate stays above 1.3720.

EUR/USD Chart 10/12/2013

EUR/USD Chart 10/12/2013

Matt T.
Matt T.'s picture

Are we going to the 1.3825-30 area? For now its possible. The balance of risks has changed, while the price has bounced up from 1.3741 we no longer think that buying calls will be justified during the next 24 hours. We will be selling hourly puts on a break below 1.3740 or if we get the above mentioned 1.3825-30.EUR/USD Chart 11/12/2013

Matt T.
Katy B.'s picture

Thanks for the update mate

Katy B.
Katy B.'s picture

Today the pair hit 1,3810 after which went down to 1,3785, I mode two successful puts and now I am going for a 3d one, let's see

Katy B.
Matt T.'s picture

The Euro is pulling back after very strong retail sales report from the USA today and recent highs have been widely retraced back. Now if you focus on our chart the pair has already tested 1.3740 once today so this is our moment, if it manages to break out lower from a currently triple bottom from Monday, Tuesday and today we should see a fairly substantial move to the downside. So keep selling an hourly break below 1.3740 on a daily and hourly basis.EUR/USD Chart 12/12/2013

Matt T.