Forex Guides

EUR/USD Update 22 Nov 12

Good day all forex traders.

I do not have a strong Internet access but I wanted to just make a statement about the current EUR/USD price action.


Looking at the EUR/USD chart above we note a bullish trend that presented a good opportunity to buy in earlier below 1.28. In forex, never trade against the trend!

A word of caution though. The current region of 1.286 – 1.287 presents an area of resistance so my risk alert siren has gone off. Will continue to monitor with my proper money management hat on!

Trade safely.

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