Monday, December 25, 2006
Forex Day Trading System - The EUR strength against USD in past few days
Forex Day Trading System - The EUR strength against USD in past few days
The major talking points in past few days has been the breaking of 1.3000 level ofEUR/USD..
The USD has shown significant weakness across the board..
However, now the currency is retracing, thanks to some pro $$ fundamental announcements such as "Phily Fed" speech, pro NFP (Non Farm Payroll) news..
However, the experts are saying that when the 5th Elliott wave on EUR/USD will start, the currency pair will very soon touch 1.3500.
Same theory is applicable for other currency pairs such as GBP/USD and USD/CHF and AUD/USD etc..
So whenever you are placing a forex trade using technical indicators such as EMA crossover, RSI etc, keep this point in mind.
Thats all in today's session..Keep visting to learn more on forex day trading online.
The major talking points in past few days has been the breaking of 1.3000 level ofEUR/USD..
The USD has shown significant weakness across the board..
However, now the currency is retracing, thanks to some pro $$ fundamental announcements such as "Phily Fed" speech, pro NFP (Non Farm Payroll) news..
However, the experts are saying that when the 5th Elliott wave on EUR/USD will start, the currency pair will very soon touch 1.3500.
Same theory is applicable for other currency pairs such as GBP/USD and USD/CHF and AUD/USD etc..
So whenever you are placing a forex trade using technical indicators such as EMA crossover, RSI etc, keep this point in mind.
Thats all in today's session..Keep visting to learn more on forex day trading online.
