Forex Education - Trading Basics
Posted on 25 February 2008 by X Trader
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Latest Forex Market News
• EUR/USD Daily OutlookEUR/USD consolidates below 1.5964 today but intraday bias remains on the upside as long as 1.5847 minor support holds. As discussed before, consolidation from 1.6019 should have completed at 1.5302 and rise from there represents resumption of the medium term up trend. Hence, further rise is now expected to retest...
• GBP/USD Daily Outlook
Cable's retreat from 1.9959 continues today and touching of 1.9836 minor support indicates that an intraday top is in place. Further consolidation could now be seen but downside should be contained well above 1.9647 support and bring rally resumption. Further rise is still expected to test 2.0006 resistance first and...
• USD/CHF Daily Outlook
USD/CHF's recovery from 1.0136 continues today and break of 1.0218 minor resistance indicates that an intraday low is in place. Further consolidation could now be seen but upside should be limited well below 1.0352 resistance and bring fall resumption. As discussed before, prior break of short term rising trend line...
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