The Advisor Weblog

---

The EUR/USD today Posted: 11 Oct 2011 04:30 AM PDT Optimism, pessimism risk appetite, risk aversion, up and down there we go. Besides being an expert in macroeconomic, today to follow forex market you will need also a degree in psychology. Jokes aside, sentiment is still ruling the forex market, and as easy we can see optimism rise, we can see it fade. So fasten those stop loss if you trade short term! ;) EUR/USD daily chart shows that regardless bullish momentum continues building up, the pair remains capped by the strong Fibonacci level around 1.3660. Even 4 hours chart shows the pair was unable to open a candle above it. That's the minimum the pair needs to do confirm further gains today.   Guess the Slovakian Parliament has the power to decide the where we are going today. Here is the short term perspective for the pair updated:   http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/10/11/ Have a great trading day! This posting includes an audio/video/photo media file: Download Now

You are subscribed to email updates from The Advisor Weblog To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610