Happy Memorial Day to everyone in the US. We're expecting low volume, which may actually result in a volatile session as news spread of Fitch cutting Spain's debt to AA+ from AAA; S&P maintains a rating of AA. We'll be focusing on the London open and will follow momentum, especially if the market once again sells the euro, testing recent support levels. We'd like to see another few days of profit taking and dollar weakness, but fear and the dollar's safe haven status may give it another round of strength. Stay alert as news may catch the market off guard. Best of luck.
Don't forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the Members Downloads section. The room will be open 15 minutes prior to trading.
If you'd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member's area. Please visit us at www.spoteuro.com