Monday, September 26, 2005

EUR/USD 9.26.05

8:00 am- Analysis

Good morning everyone! As I speak, it looks like the Euro is forming a classic signal. However, it is only a few pips away from the EU session low, so I probably won't enter. The German CPI comes out today, so it will be interesting to see what that does. Remember that Mondays are notorious for being unpredictable so be extra cautious when trading today. I'll try to post throughout the day if I see any trades. Happy trading everyone!

Key Levels:

EU session High: 2066
EU session Low: 2018
Calculated Target 1: 2082
Calculated Target 2: 2005

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