Wednesday, January 4, 2012
For most of the trading day,we saw continued downward pressure on the EUR/USD pair and it began in the early London Trading Session, as investors became concerned about potential downgrades in Europe and whether some of the Eurozone countries would be able to rollover their debt maturites, during the first quarter of 2012. In the late Asian Session, we saw price attempt to retest historic resistance at 1.3072. Since we knew that this was a common area of supply, this 3072 resistance would have provided a good opportunity to short the pair for most of the trading day.
In today's video, you will hear a brief review about the price behavior of the EUR/USD currency pair, known areas of historic support & resistance, and good trade opportunities you could have placed during the trading day.
Thursday, December 15, 2011
We start today's webinar by discusing the fundamental outlook for the EUR/USD pair and the reasons for the flight to safety move in the market. The Euro has been weakening across multiple crosses, which is a sign that this story is not necessarily about US dollar strength, but really about more weakness and uncertainty in the Eurozone.
The market went through a brief correction throughout the Asian & European Trading Session as a result of short covering, but reached a zone of resistance at 1.3050. Since the November Philly Fed Manufacturing Numbers came out better than expected, at 10.3, this encouraged more USD strength. So, we began to see the pair slide lower and continue in its bearish trend.
In the last half of this video, we enter a few live trades using the Slumdog Forex Trading System.