EUR/USD: Market Analysis

March 3, 2009 5:00 pm Est

Casey Stubbs– Winners Edge Trading

The Eur/Usd is bearish again today with a 75 pip loss from open to close on the NY session. The current reading is currently neutral because the pair did not cross below the support of 1.2500. Watch the 1.2500 level and if the pair crosses below that expect more losses.

The 1.2650 level is a key resistance point to watch and if the pair crosses that point we could see some more bullish movement.

10 min chart Eur/Usd

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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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