Good morning dear traders,
well, it was not overwhelming with yesterday´s trading day.
In the morning there was a nice short possibility at approx. 1.3280, where I missed a win
possibility of approx. 30 pips, and later only an UP and DOWN, where I stayed out of the markets.
Result of the day: 12 pips
But, how is it going on? We nearly reached the low of March 25th. But is it going more southly? Or will there be a movement into the north?
After a range of 1.3310 and 1.3348 in the morning the fundamental news stayed nearly conservative.
But: Like the news, so the market – or most of the time.
At the late evening the pair reached about 1.3350.
EXPECTATIONS FOR TODAY´S TRADING DAY
So how is EURUSD going into the weekend?
Over the night the crosspair remained nearly unchanged.
Up or down ?
In the morning the crosspair is in a range between 1.3383 and 1.3348.
According to my opinion there could be the following interesting news for today:
6 GMT Trading Balance for Germany, 8:30 Producer Price Index for UK, 11 GMT Canada with the unemployment rate for March and change of Employment.
Thus, there could be some nice trading chances in USDCAD.
Alltogether, today´s trading day could be moderate today in view of his volatility.
TRADING CHANCES FOR TODAY
I would see trading chances for long above 1.3390 with take-profit at 1.3410-1.3420 and stop-loss at 1.3370.
For short there could be some chances below 1.3340 with take-profit 1.3310-1.3290 and stop-loss 1.3365.
I keep you informed about interesting trades at CHAT-TRADING.
TRADING TIP OF THE DAY
„Also consider fundamental news for your trading.
I know that is not easy in the beginning.
But believe me, I had the same problems in the beginning.
I thought, why should I use fundamental news.
But it can make your trading more profitable.
More about that in a further live webinar.“
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I wish you all the best for your Forex trading and a fine weekend
Performance March 2010: 1442 Pips - April 2010: 12 pips
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Any kind of trading (Forex, shares, Futures.) exhibits a high risk, which can lead to the total loss of your capital investment. Always be aware of this.
You should trade only if you can also bear the possible trading losses.
High chances of winning often oppose substantial loss rates. You should only use capital for your trading, which you do not need for everyday living. Earlier trading results are not a warranty for a future trading development. This also refers my indicated performance.
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