Where to find forex information website?

1. Investopedia - This is encyclopedia for forex trading, stocks, and other investment related articles. It provides you the basic information and relevant terminology of currency trading such as pips, overbought, trend, technical indicators, technical analysis, fundamental analysis, forex definition, etc. Article mostly written by experience professional in forex, stocks, and investment pundits

2. FXStreet - Providing daily technical and fundamental analysis, live chart, currency rates, and economic calenders, forex community forums, broker selection guide, up-to-date forex news.

3. Mataf - Hedging information, currency correlation charts, news, forex forum, technical analysis

4. XE Currency Exchange - Exchange rates website, currency converter tool,

5. ForexTV - Technical Analysis, Fundamental analysis, Forex Video News, Economic Calender, forex live chart

6. Forex Factory - The largest forex forum on the internet and also featuring the best economic calender for daily traders. Newbie or beginner traders should participate in the forum to gain initial knowledge from experience and other enthusiastic beginners.

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EUR-USD Technical Analysis

As oppose to previous analysis what we are witnessing now on the EUR-USD is simply an extra-ordinary phenomena that happens in forex. This is no surprise, that's why forex is more riskier than any trading even in comparison to stocks or anything else.

The pair should have been moving downward further based on the technical indicators position for MACD and Slow stochastic in monthly time frame. Even if it is going up it should be residing at its normal resistance level at 1.3699 but instead it goes up all the way to 1.4730.

Another failure of technical analysis that we all witnessing here is not uncommon in forex. And in fact for those who have the best discipline in trading could be losing as well on this kind of situation. It is totally super correction with an extreme ovebought position.

So from time point onwards should we expect another month of upward movement. Perhaps yes, however technical analysis still showing that the tendency of downward is more likely than upwards. Therefore i strongly voted for the down trend continuation movement.

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