Monday, February 13, 2012
During today's trading session, we saw global equity markets rally despite the news coming out about Greece and internal opposition to the new austerity agreement. However, in the currency markets, we saw a different response to this news and for the EUR/USD pair, in particular, we saw all of its early Asian gains erased during both the London & New York Trading Sessions.
In today's technical analysis video, we will describe price action in the currency pair and identify trade entries around support & resistance levels.
Friday, February 10, 2012
Today we saw a 135 pip fall in the EUR/USD currency pair due to concerns coming out of Europe over the Greek austerity plan. There was a brief opportunity to position yourself short near a known resistance level for a ~123 pip trade. In today's technical analysis video, we will identify trade entries around support & resistance levels.