Sunday, April 11, 2010

Forex Day Trading Room

EUR/USD Top of the Morning and Top of the Week Traders... If you haven't look at your charts yet... expect a big surprise. EUR/USD rose to over 1.3650 over the weekend. We are still tracking down what forced the jump BUT it is my opinion that the spike we saw at the opening of NY on Friday was a prelude to what was being planed. Currently the pair is at 1.3625 after my charts geared up for the weeks trading and I will be very interested in hearing what the pundits have to say as to the reason. So far it has been attributed to Greece  being guaranteed a bunch of money but there is something more I am sure. Well... as they say, let the games begin. Good trading this week everyone and keep your eyes open during news this week as you may want to stand aside while anything major is being released. I will try to advise when I see anything. P.S. The 4 hour chart clearly shows a double bottom at 1.33 the figure, that started last Thursday. FXDMG

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