Hello, Traders. It is good to be back and I have been away from my posts because the Eur/Usd has not made much price movement and has been stuck in a trading range for quite a long time. In addition I have been recording a trading video series that will be released soon. The series is going to be focusing on Forex Training and many aspects of how to trade profitably, from technical analysis, to news, to psychology and then some.
So anyways the Eur/Usd is in a narrow price range from 1.3690 to 1.3530. When we break out of this channel look for the price to move to the next support or resistance level. The key thing is when will this happen? Timing in Forex Trading is important so you might want to put in entry orders at the top or bottom of these channels so you can make sure that you catch the breakouts.
4Hr Chart * Note Click on the Chart to learn about our premium service.
When trading, make sure that you get all the fundamental news because the right news announcement might be exactly what the pair needs to drive it out of this price range. The Forex Crunch is a great place to get all the fundamental data that impacts the market.
Also you can get an additional insight on the Eur/Usd at the The Geek Knows.com
Winner’s Edge Trading, as seen on: