1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forexpros Daily Analysis - 10/03/2011

Discussion in 'Market Predictions and Reports' started by Forexpros2, Mar 10, 2011.

  1. Forexpros2

    Forexpros2 Recruit

    Oct 12, 2009
    Likes Received:
    ForexPros Daily Analysis March 10, 2011

    Free webinar on ForexPros - Using Pivot Levels In Your Forex Trading

    Expert: Marc Principato

    Start: Wed, Mar 23, 2011, 10:00 ET
    End: Wed, Mar 23, 2011, 11:00 ET

    Pivot levels are price points where we can anticipate a change in price behavior. Since the rest of the trading world observes and reacts to them, they can provide useful information for your trading no matter what time-frame. In this webinar, we will explain how we use pivots in our analysis and how they apply to actual trading strategies.

    Click here to join free


    Euro Dollar:

    On the daily, the euro reversed and is finding support at its previous highs at 1.38588, which coincides with its next traditional long at 1.38722. The euro has reacted off its first short setup at 1.3948 since reversing. The euro has to decide whether this is the start of the next long setup or if its reversing further.


    On the daily, the pound is between an extension long at 1.61255, with a target at 1.64463 and a shorter term short at 1.62348, with a target at 1.6074.
    The question is whether this is a reversal pattern or the drop into the next long setup to continue the series of longs the pound ha been in since December.


    On the daily, the yen is stuck between a short at 84.093 and a rising trend line connecting the lows. The yen is currently reacting to a short at 82.764 within the range, but is pushing up against it.


    Forex Trading analysis written by Diana Rochford for Forexpros.


    Get the most updated Forex News !


    Trading Futures and Options on Futures and Cash Forex
    transactions involves substantial risk of loss and may not be suitable for
    all investors. You should carefully consider whether trading is suitable for
    you in light of your circumstances, knowledge, and financial resources. You
    may lose all or more of your initial investment. Opinions, market data, and
    recommendations are subject to change at any time.

Share This Page