Thursday, April 8, 2010

Forex Day Trading Room

EUR/USD A nice run down from 1.3330 to a double bottom at 1.3285/90. and now we are back above the figure and making our way through the 5 min 89EMA. Several nice trades so far today and looking for a decisive break above or range between 1.3315 and the figure (1.3300). On the news front we are just over a hour away to the ECB Announces Interest Rates and we will want to keep out eye on the clock if we get into a trade. The ECB announcement may be a non-event BUT there are writers that think otherwise. For safety Keep you eye on the clock at 11:45 GMT FXDMG

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