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EUR/USD Technical Analysis February 1, 2012

Click Here To Watch Video EUR/USD Daily Technical Analysis For Wednesday, February 1, 2012
EUR/USD Daily Technical Analysis For Wednesday, February 1, 2012
Video Running Time:00:05:31
By: Marvin P.

Wednesday, February 1, 2012

In today's video, you will hear a brief review about the price behavior of the EUR/USD currency pair and identify known areas of historic support & resistance. Although the pair has been trading within a range ahead of Friday's Non-Farm Payroll data, today's trading session was marked by a risk-on rally in EUR/USD, and we saw a 191 pip climb in the pair. In today's video, we will identify trade entries around support & resistance levels.


Trading Webinar On January 31, 2012

Click Here To Watch Video Live Webinar From Tuesday, January 31, 2012
Live Webinar From Tuesday, January 31, 2012
Video Running Time:00:10:29
By: Melvin P.

Tuesday, January 31, 2012

*We Had Technical Difficulty During This Webinar And We Were Unable To Record The Whole Meeting.*

During the week of Non-Farms Employment Report, we normally see market consolidation, thinner volume, and rangebound activity ahead of the announcement. However, for this week, we have been seeing strong swings in the EUR/USD pair, from risk-on to risk-off, due to event risk coming out of Europe and uncertainty over the Greek PSI & whether Greece will qualify for their next batch of aide from  the Troika. However, right now, borrowing costs in Portugal have risen to unsustainable levels and there are concerns that A Greek default will have a huge negative impact on the Portuguese economy.


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