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Learn Fx Forex Trading for Profit
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Daily Recap of the Cowabunga System for Tuesday, 11/25/08
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Watch my live review of the Best foreign Currency Trading Software FAP Turbo the Online Currency Exchange Trading Robot.
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The U.S dollar had maintained a predominantly positive tone from last Friday’s release of December’s Labor Department employment report, through the first hour of today’s European session. The GBP/USD and EUR/USD currency pairs managed to rally during the London lunch, only to stall at resistance levels during the minutes prior to the open of today’s New York session. Currency correlation and Fibonacci studies set up short trade entries on both pairs. Although each trade was profitable, the 100-pip trade on the pound was the winner.
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