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EUR/USD Technical Analysis For June 5, 2012

Click Here To Watch Video EUR/USD Daily Technical Analysis For Tuesday, June 5, 2012
EUR/USD Daily Technical Analysis For Tuesday, June 5, 2012
Video Running Time:00:05:51
By: Marvin P.

Tuesday, June 5, 2012

The month of June opened with a brief recovery in the EUR/USD currency pair, but we are now witnessing a sharp decline due to concerns over the Spanish Banking Crisis. G7 Finance Ministers met for a teleconference call to discuss possible solutions to issues in Spain & Greece, as well as how to support the banking sector in case of a Greek exit from the eurozone. The EUR/USD fell 132 pips from the session high at 1.2542 to the session low at 1.2410, where price found support 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.


forex trading webinar on May 31, 2012

Click Here To Watch Video Live Webinar From Thursday, May 31, 2012
Live Webinar From Thursday, May 31, 2012
By: Melvin P.

Thursday, May 31, 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.


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