Forexpros Daily Analysis - 13/04/2011


ForexPros Daily Analysis April 13, 2011

Free webinar on ForexPros - Use moving average and bollinger bands to trade forex

Expert: Luca Discacciati

Start: Wed, Apr 20, 2011, 10:00 EST
End: Wed, Apr 20, 2011, 11:00 EST

Use moving average and bollinger bands to trade forex

Learn How Luca Discacciati use this simple instruments to gol long and short on FX markets.

The webinar is very practical and the user can reply the tradingsystem immediately!

Click here to join free


Eur/Usd is still pushing higher very nicely, after the most recent corrective pull-back found the support around 1.4375, which was wave 4 of an extended wave 3). Since new highs were established we now have five waves up from 1.4150 region which means that gains will likely slow down in the next 24hours. However, wave 3) targets still could be meet around 1.4550, but this levels are just above, so generally speaking watch out for a corrective wave 4) reversal.


Forex Trading analysis written by Gregor Horvat 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.