TRADING FOREX MARKET
The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.
Greggory L. Morris
Monday, November 15, 2010
EUR/CAD (+162)
euro is expected to make moves lower as the worries about stability in europe continue to make headlines. Uncertainty about Ireland need/not need help, will drag the Euro lower, and CAD is expected to continue with progress. Without major news for this week, accept for Tuesday German ZEW Econ. sentiment, headlines, and equity moves will continue to affect the pair on the downside. On technical side 100sma is crossing over 200 sma what is bearish signal, and RSI is marking lower highs. Stop is placed at 1.3915, and target is placed at 1.3680 and lower.
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Brilliant demonstration by illustration chart. And Euro is dominating all over the world especially European Countries.
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I know that their are no rooms for commitment in currency trading world but I wanna know that whats the future for Euro ? Will it extend or suspend from the world ?
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