Friday, June 5, 2009

EUR/USD 050609 Weekly Trading Review

The EUR/USD price today is challenging the primary momentum of the bullish EUR. A current bear trade is looking to do well now as the price had re-entered the primary bearish momentum channel as quickly as it had gone out of it. At the current rate, the price could easily slice through the support like a hot knife through butter. Into next week will probably be shown how the EUR/USD price handles the EUR channel support or better yet, possibly follow through this current bearish effort; finishing the initial momentum of the EUR.

Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.

1 comment:

Herdoni Wahyono said...

Info yang sangat bagus, Trims.
Salam sukses !

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