Monday, March 3, 2008

Forex Made Easy

Hay Traders,

I suppose that you ready for this trading week...
I have some Today's currency outlook...

The Euro (EUR) held firm against the Dollar, despite a number of other majors suffering on a cross yen sell off. Nonetheless the Euro held close to record highs trading with a low of 1.5144 and a high of 1.5240 before closing the day at 1.5189 in the New York session. Key data out of the Eurozone will include PMI data and CPI figures.
EUR/USD-The pair opened this week's trading session with strong bullish momentum, and is now traded at all time high levels around 1.5230. The 1 hour and the 4 hour chart are indicating on additional bullish momentum, and the daily chart is showing that a potential corrective move might not occur before the pair hits 1.5290. ....

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