Welcome! Dear Traders,you are reading my forex trading experiences. Forex trading is a very profitable and very risky business opportunity. If you are a beginner, calm down,have a cup of coffee, and convince yourself that you need to study hard to win in forex trading. Obviously, the task is not easy as the statistics claim that only 5% traders win in forex trading. If you are determined, serious,and hard working, you can surely be included in the group of winners.

Thursday, March 13, 2014

FOREX TECHNICAL & NEWS ANALYSIS:IS EUR/USD SUITABLE TO GO SHORT

Investors looking for a suitable price level to go short on EUR/USD. The pair showed strong bullish trend, after the ECB Conference statement in March. The pair is now at the highest level of  2 year. The pair is waiting for the USD Retail Sales, Import Price Index (MoM), and Initial Jobless Claims data.
Source:metatrader4.com
The pair is expected to be bearish, if the USD economic data come better than expected. Better than expected data may lead the pair to decline 100pips today. 
Published @ 10:02 AM ,Thursday, March 13, 2014

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