The Advisor Weblog

Best pair to trade now: EUR/USD

Posted: 26 Jan 2011 03:43 AM PST

Here is the technical perspective for the cross:

http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/01/26/02/

Starting the day

Posted: 26 Jan 2011 03:42 AM PST

Hi everyone and welcome back! Asian session pass without adding much to current market conditions; late US session, Wall Street performed a strong come back from daily lows, sending dollar back down against major rivals, with EUR/USD finally reaching 1.3700 area. Early Europe seen stocks higher, and Pound rising towards the 1.5900 area, after BOE Minutes show 2 members vote to raise rates against 7 that voted to keel them on hold. However, pair is still limited to the upside by 1.5920 price zone.

Seems market is in waiting mode, ahead of strong data to be published today including FOMC monetary decision.

Here is the link for today's calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!