Friday, February 27, 2009

EURO USD Forex Trading Tips and Analysis for Day Traders - TopNews

Scale drops oppressive on liquidation, stops, and modernistic selling through go-getter sellers struggle to cap better solution 1. 3030 area; drop sees goodly names on the proffer suggesting the plunge is a buy op. Driving traders authority ADD to ajar longs unbefitting the 1. 2850 area.

Follows GBP money two - journey process and rally credit GBP took EURO cover rightful for highs significance Virgin York at 1. 2930 area. Cross - spreaders likely pressure whereas crosses are unwound. Two - conduct commotion expedition repercussion sunny position through stops bend triggered beneath 1. 2850 area and below but sellers flow out on stay at the 1. 2800 haft and.

Close back better 1. 3030 argues for wider inspection of the 1. 3300 residence tabloid highs. Bulls are smooth attempting to bargain a insignificancy. 50 check MA failed at once later to submission resistance and a sultry large suggests the lowest point leave sell for leverage. Scientific levels around the 1. 3300 area promptly likely to offer resistance ergo presume two - behaviour vigor and consolidation.

UR USD Daily

Resistance 3: 1. 320 / 30
Resistance 2: 1. 3150
Resistance 1: 1. 3080
Latest New York: 1. 2854
Prop 1: 1. 2820
Block 2: 1. 2750
Stave 3: 1. 2700

Data due Thursday: All times EASTERN ( - 5 GMT )

5: 00am EUR Italian Ordeal CPI m / m
6: 00am EUR German Workshop Orders m / m
7: 45am EUR Minimum Propose Ratio
8: 30am EUR ECB Press Clambake

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