EURUSD Technical View

EURUSD has a potential to rise upto 1.1050-70 but it would find it difficult to sustain these levels and thus can be sold on rise for trading. 

TRADING STRATEGY

SELL EURUSD 75% AT 1.1050 & 25% AT 1.1070   FOR TARGET 1.0960  SL ABOVE  1.1110.

If we miss the selling range than;

BUY EURUSD 50% AT 1.0960 & 50% AT 1.0930  FOR TARGET 1.1050  SL BELOW 1.0885.

                                                  

FOREX TRADING VIEWS

USDINR

THOUGH RUPEE IS APPRECIATING TODAY ONE CAN GO LONG FOR TRADING IN USDINR ON DIPS.

STRATEGY 

BUY USDINR PART AT 68.05 & PART AT 67.98  TARGET 68.30  SL BELOW  67.85

EURUSD STRATEGY

SELL EURUSD PART AT 1.1100 & PART AT 1.1130 TARGET  1.1040  SL  ABOVE  1.1156

GBPUSD STRATEGY

SELL GBPUSD PART AT 1.4590 & PART AT 1.4620 TARGET 1.4530  SL  ABOVE  1.4650

USDJPY STRATEGY

BUY USDJPY PART AT 117.85 & PART AT 117.65   TARGET 118.50  SL BELOW 117.34

EURUSD & GBPUSD CALL UPDATES

OUR BUYING AVERAGE IN EURUSD IS 1.0597 WE CAN BOOK PROFIT IF WE GET 1.0640 & OUR SL TRIGGERED IN GBPUSD BUY CALL AT 1.5030.

CALLS GIVEN WERE;

BUY EURUSD PART AT CMP (1.0610) & PART AT 1.0585 FOR TARGETS 1.0670 & 1.0690    SL BELOW 1.0540. 

(http://forexviewsncalls.blogspot.in/2015/11/eurusd-trading-strategy.html)

BUY GBPUSD PART AT CMP (1.5084) & PART AT 1.5060 TARGETS  1.5130 & 1.5150      SL  BELOW 1.5030. 

(http://forexviewsncalls.blogspot.in/2015/11/gbpusd-trading-strategy.html)

EURUSD TRADING STRATEGY

BUY EURUSD PART AT CMP (1.0610) & PART AT 1.0585   FOR TARGETS 1.0670 & 1.0690    SL BELOW 1.0540.

EURUSD Intraday View

EURUSD can rise upto 1.0690 - 1.0695 but can be sold on rise. Expected intraday range is 1.0610 - 1.0695. 

Intraday Strategy - SELL EURUSD PART AT CMP (1.0672) & PART 1.0695  TARGET  1.0610  SL ABOVE  1.0736

Intraday Trading Strategies

EURUSD is moving upwards & can rise upto 1.3515 but shall resist that level during the day & thus can be sold on rise strictly for intraday trading purpose for a target of 1.3430-20 with a protective Stop loss (SL) above 1.3560.

(Note: For medium term outlook please visit http://www.forexviewsncalls.blogspot.in/2013/01/eurusd-medium-term-outlook.html)  

GBPUSD may give a dip upto 1.5710 thus traders can sell on rise in the morning trade (IST) but it can be bought on dips upto 1.5710 for the day for a target of 1.5800 with a protective SL below 1.5660.

USDJPY can give a rise even upto 91.15 but can be sold on rise for intraday trading for a target of 90.40 with a protective SL above 91.55. 

EURUSD Medium Term Outlook

EURUSD is currently in a bullish phase but 1.3490 can act as a near term resistance. A weekly closing above this level can push it further upto 1.3830. On the downside 1.3000 can act as a good near term support & 1.2720 a good medium term support. The expected range in the medium term would be 1.2720 – 1.3830 & a break of this range will decide the future course of the pair. 

EURUSD Short Term View - An update

Target achieved in EURUSD Short Term View published on 24th March, 2012 (http://goo.gl/v8zdd). EURUSD did not breach 1.4420 and made a high of just 1.3385 after I published the call. My target range was 1.3020-1.3050 and it is currently trading below 1.3050. If traded according to my view one can book all profits. It has a good support in the range of 1.2970-1.2990, it will continue its bearish view only if it gives a weekly close below 1.2970 or else it can bounce back upto 1.3400. If it gives a weekly close below 1.2970 it can fall upto 1.2800.    

EURUSD Short Term View

EURUSD has the potential to rise upto 1.3350-60 but can be sold on rise. It has a good resistance at 1.4420, a weekly closing above this level can change short term view or else it can come in the range of 1.3020-50. The overall long term bullish view published on 1^st January, 2012 (http://goo.gl/s5XJR) remains intact. I had expected a recovery from March 2012, but it gave a good bounce in Jan-Feb 2012 and now in the short term we can see a dip. Thus, from the short term point of view we can sell EURUSD on rise and if you are a long term investor you can wait for a good dip in price to go long on the counter.

EURUSD Weekly (09/01/2012 – 13/01/2012)

EURUSD can slide further in the beginning of this week as the fundamentals are weak but 1.2675 can act as a support with a major support at 1.2580 for this week. Buying on dips is recommended. Buy partial at 1.2675 and part at 1.2630 with a strict stop loss below 1.2575 and weekly targets of 1.2800 and 1.2950.

EURUSD Weekly View's Update

If traded according to our weekly view posted on 1st January, 2011 (visit http://forexviewsncalls.blogspot.com/2012/01/eurusd-weekly-02012012-06012012.html for details), i.e. sold at 1.3040, than one can book profits at the current level of 1.2850 it has already made a low of 1.2830. This week's high was just 1.3077 and is currently trading much below that.

EURUSD Weekly (02/01/2012 – 06/01/2012)

EURUSD has a good support at 1.2805 and resistance at 1.3098 for this week and will largely remain in this range. At the start of the week we can see a fall upto 1.2902 and 1.2850. Thus, high risk traders can go long near 1.2900 levels and others can wait for 1.2850. One can go short if it rises upto 1.3040 in the beginning of the week.

EURUSD 2012 - Recovery expected from March 2012 onwards.

We have seen a good fall in EURUSD in the second half of 2011, but 2012 can bring some good news. No doubt there is more downside yet to be seen in first two months of this new year but we can expect a good recovery from March onwards. 

In the short term 1.2770 will act as a good support, but a major support is at 1.2580. It will take some major fundamental setbacks from Euro-zone for the EURUSD pair to cross 1.2580 on the downside. Investors should keep in mind that 1.2500 is a psychological support and many long term investors might keep their stop losses at that level. So even if it touches 1.2500 (the chances of which are rare) long term investors need not worry, the only thing they will have to do is keep a close watch on fundamentals prevailing at that time and act accordingly.

Strategy for 2012

If you believe in long term investment (or even medium term) than you can follow the strategy given below;

Buy partial at 1.2770, 1.2650, 1.2580 for a target of 1.3870, 1.4550, 1.4950.