Forex Trading eToro

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Today started slow and ended fast. Most traders waited, waited and waited for price to show direction. The New York open didn’t do it, the US News didn’t do it, and the London close didn’t do it… but it DID break! Learn how to use Fibs and Pivots to predict direction and profit target. Today [...]

Comments made during a speech by European Central Bank president Jean-Claude Trichet triggered a lower low for the EUR/USD during the first hour of today’s New York session. Although the pullback did provide a logical entry point for a short trade, the euro failed to extend lower on a day devoid of major US news. [...]