Eur/Usd: Not Much Movement – Waiting For News

Feb 11, 2009- 5:40 Pm Est.

Casey Stubbs– Winners Edge Trading

Tomorrow is a big day for news on the dollar as there will be 3 reports coming out. Those news reports will be an indicator of which way the U.S economy is heading into deeper recession. The pair has been moving in a price range for more than a week. The support level is 1.2700 and the resistance level is at 1.3093. We will see how the euro will react when the news comes out and if the news will be strong enough to push the pair out of the current consolidation period.

The following two tabs change content below.
Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.
Follow our social media:
1359774937_facebook 1359774984_linkedin 1359774949_twitter 1359774960_google 1359774973_rss 1360027635_youtube

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news