Thursday, November 03, 2005

Forex Trading- 11/03/05

8:00 am- Analysis

Good morning everyone! The Euro made a 37 pip range yesterday and is poised to move about 70 pips for the US session. The ECB just announced that they will hold rates to aid the economy and we did see some downward movement. We will see if that continues or corrects itself during the US session. Also, Greenspan is testifying to Congress today at 10:00am EST so be prepared for anything. Wait for a good Alba Signal or Alba Breakout and be patient with your trades. Happy trading everyone!

Key Levels:

EU session high: 2081
EU session low: 2044
Calculated target 1: 2115
Calculated target 2: 1973

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