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Hello traders welcome to a new trading week as we start and I see that NZD is non holiday today and no data in the Asia market. I have looked at the charts and we are just going to continue to work the trend and most of them are to the down side from last weeks sell off. It could be a slow trading day as there is minimal data to be released today.

OK let us take a look at the currency for today the EURUSD- This is the 30 minute chart. This pair has had nice movement on Friday as our trade plan worked. Today I see we will continue the trend and look to sell this pair. I have placed the Fibonacci toll on the chart so looking for a pullback to the 382. price level of 1.1049 and a bearish candle for our entry zone. I am looking to take profit at support at the price of 1.0985 nice 50 pip trade.

Thank you traders talk with you soon……William

FX Instructor Forex Blog – For Traders, By Traders

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