Forex Day Trading - EUR/USD


This is the 2Day 5Min Chart for EUR/USD

The EUR European Central Bank Rate Decision is due to be announced at 12.45pm. The market tends to trend sideways prior to reports of HIGH importance such as this.

The market is currently trending sideways and has also formed Resistance and Support levels. A pending BUY order has been placed just above the Resistance of the Market at 14876 and a pending SELL order just below the Support of the Market at 14805.

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Forex Day Trading - EUR/USD

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This is the 2Day 5Min Chart for EUR/USD The pending BUY order just above R1 at 14017 was taken at 9.20am with a Stop loss of 20points and Profit limit of 60points in place. The Stop loss has now been moved to 14012, just below the most recent low point in the market.
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