Forex Strategy: Looking to Sell EUR/USD

RELATED QUOTES

SymbolPriceChange
EURUSD=X1.0749-0.0013

Hints of ECB rate cuts that emerged in Mario Draghi’s press conference following last week’s rate decision were reinforced as the Bundesbank slashed Germany’s 2013 growth outlook to a meager 0.4 percent from 1.6 percent estimated previously, putting the Euro under pressure. I will look for a near-term pull-up to 1.2978 as Greece gets its bailout cash tranche this week for improved risk/reward parameters and enter short, targeting 1.2830 initially. Once the trade is triggered, a stop-loss will be set t activate on a daily close above 1.3126.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.168+0.001+0.60%
    N21.SI
    0.157+0.005+3.29%
    AFC.SI
    0.191-0.004-2.05%
    SK3.SI
    0.146+0.005+3.55%
    40E.SI
    0.156+0.009+6.12%
    DU4.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.60+0.05+8.11%
    AZA.SI
    0.80+0.05+5.96%
    5ML.SI
    0.156+0.009+6.12%
    DU4.SI
    0.225+0.010+4.65%
    RE4.SI
    0.235+0.010+4.44%
    528.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.08-0.03-24.53%
    AWO.SI
    0.149-0.020-11.83%
    O08.SI
    0.64-0.09-11.72%
    BQC.SI
    0.18-0.02-9.55%
    AZT.SI
    0.115-0.008-6.50%
    5AM.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4198+0.0016+0.11%
    USDSGD=X
    1.5262+0.0002+0.01%
    EURSGD=X
    1.8085+0.0035+0.19%
    GBPSGD=X
    80.2490+0.057+0.07%
    SGDJPY=X
    5.4607-0.0038-0.07%
    SGDHKD=X
    3.1256-0.0093-0.30%
    SGDMYR=X
    9,440.5898-58.2041-0.61%
    SGDIDR=X
    4.8374-0.0123-0.25%
    SGDCNY=X
    1.0573-0.0023-0.22%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,170.80-3.20-0.27%
    GCZ16.CMX
    16.84+0.02+0.10%
    SIZ16.CMX
    82.79+0.49+0.59%
    ^XAU
    2.66-0.03-0.95%
    HGZ16.CMX
    51.29-0.50-0.97%
    CLF17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.84+0.01
    ^FVX
    2.390.00
    ^TNX
    3.06-0.01
    ^TYX