Tuesday, April 3, 2012
For the past few days, the EUR/USD pair has been trading within a range, as a result of market indecision. There are still some concerns over global growth and whether China would experience a soft or hard landing in their economy. But, most importantly, the sovereign debt concerns out of the Eurozone periphery are weighing more heavily upon investor sentiment. Worries about the fiscal situation in Spain and Italy are prompting investors to refrain from participating in the market for the time being and we may continue to see quiet rangebound activity ahead of this afternoon's FOMC minutes, since we have marginal US data this morning. Tomorrow's ECB rate policy meeting and Spanish debt auction may also provide a considerable amount of volatility to the EUR/USD pair, as investors & traders attempt to interpret what there outcome means to the market and whether the risk recovery has begun to stall out.
In today's V.I.P. webinar, we briefly discuss the current price behavior in the EUR/USD pair and we also place a few live trades using the Slumdog Forex trading system.
Monday, April 2, 2012
During today's trading session, the EUR/USD pair traded within a 102 pip range and ended flat after paring some of it's losses from earlier in the trading day. In today's technical analysis review, we will briefly explain the price action in the EUR/USD pair and identify common areas of support & resistance for potential trade entries.