Thursday, November 13, 2008

forex EUR-USD Technical Analysis

eur-usd chartAs far as downtrend is concern for the Euro-Dollar, the pair still has a long way to go down. Oversold is very much likely to take place with a possible target point 1.1690 or below. In addition the economic data forecast on forexfactory website is also bias towards the Dollar strength compare to Euro Zone economic data.

forex trade resultThe above is trade results after i came back from work. Not bad for a small correction pips earning 22 points. Looking forward for another day trade tomorrow (Friday) for the last day of the week in currency trading.

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