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.

Tuesday, March 11, 2014

TECHNICAL & NEWS ANALYSIS: EUR JUMPED ON ECONOMIC DATA, BUT TRADERS WAITING TO GO SHORT

Suddenly EUR/USD gone up after better than expected data of GBP NIESR GDP Estimate and worse than expected data of  USD JOLTs Job Openings and USD Wholesale Inventories (MoM).

Source: metatrader4.com
















If the upcoming USD economic data come positive, EUR/USD may go little bit upper. But traders should wait for a suitable position to go short on EUR/USD. EUR/USD technically on short position and high voletile USD data are expected to come better. I do not think EUR/USD will cross its previous high.
 
Published @ 3:38 PM, Tuesday, March 11, 2014 (GMT)

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