Thursday, January 05, 2006

Forex Trade - 01/05/06

No Trades

Again, due to the lack of news reports, there was no movement in the Euro today. The Euro simply moved in between the EU session high and low. Pretty straightforward. There weren't even close signals or breakouts. ~Big Pippin

Results= +0

8:00 am - Analysis

Good Morning!! Looks like the EU is still in sideways mode after the mixed data coming from the EU. Also, I think a lot of traders are gonna stay to the sidelines to wait for the NFP report coming out tomorrow. Until then, let's see what we've got today. At 8:30 am EST US Unemployment Claims are out, and at 10:00 am EST ISM Non-Manufacturing Index. Not too much weight put on them, but remain cautious around those times. On a side note, the new chart analysis should be coming out this weekend from Pip Diddy at, so look out for that update! Good luck and good trading!!

EU Session High: 1.2111
EU Session Low: 1.2066

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