The Advisor Weblog |
| Best pair to trade now: EUR/USD Posted: 25 Jun 2010 03:39 AM PDT Here is my first choice for today: http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2010-06-25.v02.html
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| Posted: 25 Jun 2010 03:15 AM PDT Majors’ sentiment for today: Eur/Usd: Bearish Gbp/Usd: Slightly Bearish Usd/Chf: Neutral Usd/Jpy: Bearish Eur/Gbp: Bearish Eur/Jpy: Bearish Gbp/Jpy: Bearish
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| Posted: 25 Jun 2010 03:10 AM PDT Hi everyone, and welcome back to a risk aversion Friday. Seems a normal behavior of market lately, but don’t get too used: we are entering summer, and summer equals lack of trend, choppy trading and low volume. Not much of fundamental news this morning, Euro succumbed again under 1.2300 and is testing the strong base in between 1.2240/60, while Pound approaches to 1.4850/60 area, 20 SMA in the 4 hours charts; should bounce back up here, to keep the bullish momentum alive and attempt a retest of the 1.50 levels Yen remains strong, and despite yen crosses started Asian session heading north, they are back strongly down, seems USD/JPY will be following and testing back the 89.20 zone. http://www.fxstreet.com/fundamental/economic-calendar/ Have a great day!
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