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.
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.