Forex Day Trading - EUR/USD


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

Today is a public holiday in UK and there are also reports due out today from EUR Germany and USA which could affect the markets. Due to these factors, there is a HIGH probability that the markets will trend sideways. Markets should be approached with caution.

A pending SELL order has been placed just below the Pivot Point at 14442. A pending BUY order has not been placed yet. Due to the above factors and the recent volatility in the markets, I am waiting to see what happens to the markets when R1 is broken.

Comments

Popular posts from this blog

About dkbMARKETS, Forex Trading Competition with Cash Prizes and Other Bonuses

Economic Reports - 22.4.2010