Live Trading Room Quick Links:

Forex Academy Quick Links:

Misc. Quick Links:

Academic Library

Language:

Home
Online Courses

Featured Course: Japanese Candlesticks

Instructor: Muhammad Azeem | Level: Beginner+

No. Lessons: 6 | Type: Technical Analysis

Don't let your trading account crash and burn - get educated!

The answer is clear: No amount of reading can replace actual hands-on training on the live market, with a professional guide.
Trading Rooms

Featured Room: Live Trading Room

Trial: Free Week | Strategy: Mixed
Trades Taken: 238 (May) P/L: +664 pips (May)

Why Trade Alone? Trade Together!

Trading is NOT a solitary activity. Join a trading room today and find out for yourself just how social trading can be!
Reports+Alerts

Featured Signal: FXGroundworks

Trial: $5.95 Week | Strategy: Harmonics
Type: Automated System

A Trader Without Perspective Is Trading Blind

Our one-of-a-kind analytics packages offer unparalleled perspective into the minds of talented market professionals.
Forex Tools
Forex Brokers
Support
Forums
Blog

Live Help

How high can you go?

Premium Market Reports by FXTechStrategy

How high can you go?
Thursday, March 27th, 2008 @ 8:39 pm by Setyo Wibowo

About Setyo Wibowo:

Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

About Me My Articles

By Setyo Wibowo (analyst@fxinstructor.com)

EURUSD Outlook
Yesterday, the EURUSD was losing power to go upside. The pair opened at 1.5842 but closed at 1.5778, forming a hammer formation on the candle chart. Remember, the last time EURUSD made a reversal about 560 pips (from 1.5904 to 1.5341), it formed a doji a day before (see Chart #1). Immediate support is still at 1.5558 (23.6 % Fibonacci retracement from 1.4450 to 1.9504).

Chart #1

EURUSD Daily Supports and Resistances:

S1= 1.5720
S2= 1.5662
S3= 1.5600
R1= 1.5840
R2= 1.5902
R3= 1.5960

So, EURO! How high can you go?

Related Posts:

Posted in Market Analysis

Advertising

Next Free Forex Webinar

Free Market Commentaries

Advertising

Forex Article Categories

Forex Links

Blogroll

Educational Partners

Advertising

Risk Disclaimer: Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell forex instruments. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

All information on this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold FX Instructor, LLC and any affiliated traders, writers, analysts, and developers harmless in any and all ways. All rights reserved. The use of this website and or its contents constitutes acceptance of our disclaimer.

© 2006-2010 FX Instructor, LLC | Problem with the site? Click here to contact us.