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Wednesday December 8, 2010 - 13:19:12 GMT
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Forexpros Daily Analysis - 08/12/2010
ForexPros Daily Analysis
December 08, 2010
Free webinar on ForexPros - Using
Fibonacci ratios to manage your trades efficiently
Start: Mon, Dec 20, 2010, 10:00 ET
End: Mon, Dec 20, 2010,
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The EURUSD pair has hit a major
support at 1.31948 and has moved back up.
However, from my previous
analysis of this pair, it has broken down the major support on the daily
On the 4 hour chart, you can see that the price is unable to
create higher high which is a sign of weaknesses in the buyer.
whole, I will continue to look for short opportunity for this pair as long as it
breaks below the 1.31948 support level.
---Forex Trading analysis written
by Kelvin Lee for Forexpros.
Futures and Options on Futures and Cash Forex
substantial risk of loss and may not be suitable for
all investors. You
should carefully consider whether trading is suitable for
you in light of
your circumstances, knowledge, and financial resources. You
may lose all or
more of your initial investment. Opinions, market data, and
are subject to change at any time.
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Trading Ideas for 11 December 2017
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Amazing Trader EVENT RISK Calendar:
Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production
Potential Trading Opportunities
John M. Bland, MBA
- POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
- POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI
- POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
- POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
- POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
- POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision
- POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
- POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
co-founding Partner, Global-View.com
EXCLUSIVE: Global-View Daily Trading Chart Points Updated
EXCLUSIVE: Global-View Free Forex Database updated
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