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Forexpros.com Daily Analysis - 03/06/2009
This is a discussion on Forexpros.com Daily Analysis - 03/06/2009 within the Forex News & Analysis forums, part of the Forex Markets category; Free, Live Forex Webinar Tonight! Candlestick Charting Hosted by Mark de la Paz of FX Investor Wed, Jun 3, 2009, ...
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Jun 3, 2009, 8:31am
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| Junior Member Join Date: Jan 2009 Posts: 36
| Forexpros.com Daily Analysis - 03/06/2009 Free, Live Forex Webinar Tonight! Candlestick Charting Hosted by Mark de la Paz of FX Investor Wed, Jun 3, 2009, 15:00 GMT Candlesticks have fast become a mainstay in many traders’ charts. Join FxInstructor.com mentor Mark de la Paz as he discusses "Candlestick Charting Basics," a beginner-to-intermediate level module from the "Forex 101" course. Hurry now, and click HERE to sign up! --- EUR/USD Continues to March A pair has just pulled off the highs in the early Tokyo session, but the trend is still up and the bias is still up. Some support should be found at 1.4250 as well as 1.4200 where a short term trend line currently rests. A late December 08 peak is in range at 1.4360. This level is likely to be tested today if the pair does not continue to fall off yesterday’s highs. A further profit target on the upside is 1.4410 and 1.4450. USD/JPY Swings Continue The see-saw action continues as market continues in its choppy range. A solid break of that daily range is not expected today. A break below 95.35 would target 95.00 and beyond 94.60. A push above 95.90 would target 96.20. A move above 96.20 would likely be stalled at 96.60 and beyond that 97.00. Analysis by: http://www.Forexpros.com - Written by Cory Mitchell Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. |
 
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