Tuesday, July 1, 2008

This new trading method is going to sell out...

Hi Traders

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Today's Currency info....
U.S. Dollar Trading (USD)- had a choppy day but was able to recover off lows and make small gains into the US session...
The Euro (EUR)- found trading above 1.5800 only temporary even though the June Eurozone Inflation Report came in at 4.0% on the high end of expectations...

EUR/USD-The pair is trading in a range for the past three days after the previous sharp bullish correction and is now consolidating around 1.5750. The daily chart is showing the first buds of bearish momentum whereas the 4 hour chart is still bullish. Selling on highs might be preferable today...

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