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EURUSD tests 38.2% Fibo resistance at 1.2871 level

The EURUSD is up testing the 38.% retracement of the move down from the August 6th high to the low on August 24th. That level comes in at the 1.2871 level. The high for the day reached 1.2872 minutes after the NFP report. A break above will target the 1.2900 level where the trendline off recent highs come in.

Forex Morning Report- Sept 3

Forex Morning Report- Sept 3

Forex Midday Report- Sept 2

Forex Midday Report- Sept 2

Forex Morning Report- Sept 2

Forex Morning Report- Sept 2

Bobbys Corner-Open Market-Sept.2.2010

bob-slade-forex-trading-7-150x200Good Morning:

A fairly stable overnight session brought no new surprises to the market.  The GBP lost some steam as UK housing showed a larger than expected drop in prices.  EZ data showed that GDP in the region printed at 1%-as expected.
The  ECB left key interest rates unchanged, which was expected.  The ECB may keep themselves in “crisis mode” till next year-as the economy is still too fragile to take away any of the stimulus measures that are in place.

Forex Evening Report- Sept 1

Forex Evening Report- Sept 1

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