Friday, October 28, 2005

Forex Trading 10/28/05

8:00 am- Analysis

Good morning everyone! Let's hope for a much better day than yesterday :) The Euro only made a 39 pip range last night so I have a feeling we'll see some pretty good movement today. It's been a volatile week for the Euro so I'm hoping the volatility will continue into today. The GDP deflator comes out today at 8:30 EDT so avoid that time when you trade. I think we'll see a breakout before we see an Alba signal so I would keep my eye out for that. Remember to be patient and wait for a good break and/or signal. Happy trading :)

Key Levels:

EU Session High: 2169
EU Session Low: 2130
Calculated Target 1: 2221
Calculated Target 2: 2039

*For some reason I am getting errors when I try to upload the chart. I think there is something wrong with Blogger at the moment. I'll post the chart as soon as it starts working again.

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