Tuesday, March 24, 2009

EURO USD Forex Trading Tips and Analysis for Day Traders


Rate two-way despite sharp fall in GBP; likely cross spreaders supporting on the dip as active sellers attempt to push the rate lower into major support around the 1.2780 area. Bottom may be forming around under the 1.3030 area as the drop into the 1.2900 handle was on thin volume.
50 bar MA failed now likely to offer resistance and a close above suggests the bottom will be in. Sell signal from the toolbox validated by the drop but be cautious as trend line support approaching. Semi-official and sovereign bids and offers seen overnight.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Comment box

CREATE TABLE `users` ( `id` int(20) NOT NULL auto_increment, `full_name` varchar(200) collate latin1_general_ci NOT NULL default '', `user_name` varchar(200) collate latin1_general_ci NOT NULL default '', `user_pwd` varchar(200) collate latin1_general_ci NOT NULL default '', `user_email` varchar(200) collate latin1_general_ci NOT NULL default '', `activation_code` int(10) NOT NULL default '0', `joined` date NOT NULL default '0000-00-00', `country` varchar(100) collate latin1_general_ci NOT NULL default '', `user_activated` int(1) NOT NULL default '0', PRIMARY KEY (`id`) )