What`s happen on the biggest market Today...

Hi Traders

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The Euro (EURO) was very volatile on Monday sinking to 1.56 following the G7 commentary indicating U.S currency strength was a concern, before rebounding to within a cent of the all-time high as the G7 failed to convince investors that they will intervene to prop up the U.S currency. ECB President Trichet spoke at 21:30 GMT whilst in New York about the financial markets turmoil, indicating transparency was needed from corporations when reporting profit and losses to allow an efficient and effective recovery. The EURUSD traded at a high of 1.5886 and a low of 1.5660 before closing at 1.5800 in New York. No data is to be released for the Euro Zone on Tuesday.
EUR/USD-The pair has been going through choppy sessions with no distinct direction for the past seven trading days. Several attempts to breach through the 1.5900 level failed, and the pair is consolidating around 1.5830. The 4 hour chart is showing signals of local bullish momentum, as the Slow Stochastic have a positive slope. Going long with tight stops could be a good strategy today.....


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Forex.DelijaWorld.com