Euro Has Gained Strength During the Asian Session

February 13, 2009– 3:20 Am Est.

Casey Stubbs–Winners Edge Trading

The Asian Session had a large run for the Euro Vs. the Dollar. The start of the Asian trading session had the Euro testing the 1.2700 support but when the price got near that level the Euro turned quickly gaining strength and about 150 pips to challenge the 1.2950 resistance level.

The pair has not been trending but trading in a range for 9 days. The large amount of economic data has not been able to move this pair out of the range every time the price hits a resistance or support the price bounces. We will be watching the key support levels of 1.2700 and the key resistance level of 1.2950.

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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.

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