spoteuro's Commentaries
Mar
5
2010
SpotEuro Forex Daily Outlook March 5, 2010
by spoteuro
Overall Rating:
Happy Friday Traders!
We’re going to have a VERY interesting trading session later today, during the release of the very important Non-Farm Payrolls. The market is very volatile and can go either way at this point. The move on the EUR/USD overnight, falling below the previous day’s lows is bearish, but we have mixed views on this as a rejection of the move under 1.3440 was very important, followed by a 61.8% retracement on yesterday’s decline from March 3rd highs. I’ll cover that in the video in a bit. Be careful trading and don’t forget to use stops.
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Tags: forex | outlook | technical | fundamental | analysis
