Tuesday, June 12, 2012

In today's V.I.P. webinar, we briefly discuss the current price behavior in the EUR/USD pair and the fundamental news pushing market prices. We also place a few live trades using the Slumdog Forex trading system.

Tuesday, June 12, 2012

During today's trading session, the price of the EUR/USD pair was well contained within an 86 pip range as investors remained uncertain about the details surrounding the Spanish Banking Bailout & the outcome of the Greek Elections over the weekend. The session high for the day was at 1.2529 and the session low was at 1.2443. Since there was so much negative event risks hanging over the market, many investors chose to sit on the sideline and not enter a euro position. This was the reason for the lighter than normal trade volume for the day.

In today's technical analysis video, we will briefly explain the price action in the EUR/USD pair and identify common areas of support & resistance for potential trade entries.