ForexPros Daily Analysis April 14, 2011


Free webinar on ForexPros - Use moving average and bollinger bands to trade forex

Expert: Luca Discacciati

Start: Wed, Apr 20, 2011, 10:00 EST
End: Wed, Apr 20, 2011, 11:00 EST

Use moving average and bollinger bands to trade forex

Learn How Luca Discacciati use this simple instruments to gol long and short on FX markets.

The webinar is very practical and the user can reply the tradingsystem immediately!

Click here to join free

---

Eur/Usd eyeing new highs again, after the pair found the base around 1.44 region where wave 4) may have already completed. As such, break through the wave 3) highs is expected when gains should accelerate towards wave 5) 1.4550 and 1.4620 targets.

For now important support still stands at the previous wave 4, near 1.4375, if another pull-back occurs.

---

Forex Trading Analysis written by Gregor Horvat for ForexPros. For more information about forex news visit ForexPros.

---

New on Forexpros, the Forex Volatility Calculator!

---

Disclaimer:
Trading Futures and Options on Futures and Cash Forex
transactions involves substantial risk of loss and may not be suitable for
all investors. You should carefully consider whether trading is suitable for
you in light of your circumstances, knowledge, and financial resources. You
may lose all or more of your initial investment. Opinions, market data, and
recommendations are subject to change at any time.