Welcome to the forex spectrum!
The purpose of this site is to provide technical analysis on the EUR/USD.
In addition, it will offer trading ideas on money management & risk
management tailored for the forex market.
The purpose of this site is to provide technical analysis on the EUR/USD.
In addition, it will offer trading ideas on money management & risk
management tailored for the forex market.
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Euro Technicals 12/25
Resistance
1.6040 life-time highs
1.5950
1.5770
1.5700
1.5280 major
1.5150 moderate
1.4800
Support
1.4170
1.4000 moderate
1.3820
1.3740 Major
1.3420
1.3190
1.2880 Major
1.2830 moderate
1.2450
1.2330 Major
1.2260
1.2060 moderate
1.1950
1.1820 moderate
1.1770
1.1640 MAJOR
Resistance
1.6040 life-time highs
1.5950
1.5770
1.5700
1.5280 major
1.5150 moderate
1.4800
Support
1.4170
1.4000 moderate
1.3820
1.3740 Major
1.3420
1.3190
1.2880 Major
1.2830 moderate
1.2450
1.2330 Major
1.2260
1.2060 moderate
1.1950
1.1820 moderate
1.1770
1.1640 MAJOR
Euro Attributes:
 | Tends to move 100 - 120 pips per day (due to recent global | |
| events, volatility has increased from 250 - 500 pips per day) | ||
| Direction is usually established after initial movement of 70 pips | |
| Highest liquidity among all currencies | |
| Strongly correlated to the GBP/USD | |
| Best for application of technical analysis such as channel | |
| trading & reversal trendline breakouts |
Advice for the Novice Trader:
1. Forex is an extremely volatile market and positions should
not be heavily leveraged unless it's short-term*
2. Add to winning trades and not losing trades
3. Always utilize a stop loss order and don't let emotions be a factor
4. Knowing when to exit a trade is just as important as picking an
entry, both require discipline and analysis
5. Conduct your analysis and follow the trend
6. The repertoire of a successful trader involves good money
management, technical analysis, and trading psychology
*Risk Disclosure: “Trading foreign exchange on margin carries a high level of risk, and may not be
suitable for all investors. The high degree of leverage can work against you as well as for you. Before
deciding to invest in foreign exchange you should carefully consider your investment objectives, level
of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot afford to lose. You should
be aware of all the risks associated with foreign exchange trading, and seek advice from an independent
financial advisor if you have any doubts.”
suitable for all investors. The high degree of leverage can work against you as well as for you. Before
deciding to invest in foreign exchange you should carefully consider your investment objectives, level
of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot afford to lose. You should
be aware of all the risks associated with foreign exchange trading, and seek advice from an independent
financial advisor if you have any doubts.”
Copyright © 2006 Linear FX, Inc. - All Rights Reserved.
