EUR/USD dropped to as low as 1.2641 last week and formed a short term bottom there, above 1.2625 low, and recovered. Initial bias is mildly on the upside this week for recovery to 4 hours 55 EMA (now at 1.2844) and above. But strong resistance should be seen below 1.2994 Action Insight (All Technical)
The foreign exchange market is the biggest and the most liquid financial market in the globe. Even though there are several participants in this market, only few of them laugh all the way to the bank. In fact, statistics sadly point out that 90 per cent of Forex traders fail to succeed in this business. [...]
EUR/JPY’s fall from 111.43 accelerated to as low as 100.20 last week and there is no so sign of bottoming yet. Initial bias remains on the downside this week and current decline should extend to retest 97.03 low next. On the upside, above 101.90 will turn bias neutral and bring Action Insight (All Technical)
The Facebook IPO today has temporarily knocked Europe from the headlines as the world’s eyes are focused on the Nasdaq at 1430 GMT/ 0930 ET when Facebook will start trading for the first time. CNBC anchors have been wearing honorary hoodies to mark the occasion so it must be big. Fundamental Analysis
Earning an education in Forex is like taking baby steps in order to take giant leaps to success in the future. Knowing the ins and out, ups and downs, the terminologies and language of Forex trading will definitely equip anybody who plans to become a major player in this industry. Finance:Currency-Trading Articles from EzineArticles.com