Saturday, December 1, 2007

forex trading tips

EUR/USD
EUR/USD Current spot rate: 1.2778, Pivot: 1.2804
Today trading range: 1.2700 - 1.2845

Resistance: 1.2795 , 1.2845 , 1.2900
Support: 1.2760 , 1.2735 , 1.2700

Advice: There are news from EU and US today, but we expect bearish movements to continue this week, so maybe we'll see break of 1.2760. We sell at current price 1.2778 with 1.2700 target and stop above 1.2815. Good luck.

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