Trading Alert: Break Out

Feb 17 2009 12:10 Am Est.

Casey Stubbs– Winners Edge Trading

Early in the Asian Session, the Eur/Usd broke the key support of 1.2700. Other pairs such as the Usd/Chf also broke key resistance levels. So now look for a trend to develop with these pairs. Look for the Euro to continue to lose ground to the 1.2500 level in the European Session. Watch how the market reacts to the German ZEW Economic Sentiment which is to be released at 5 am est time.

To learn about how you can be a better trader, click on the chart.

The following two tabs change content below.
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.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news