FOREX VIDEO | NEW YORK SESSION REVIEW | June 16, 2009

Source: blogs.fxstreet.com

Multiple moving averages on the longer-term charts had put a lid on today’s EUR/USD rally for six hours. Another failed attempt to break those moving averages, in combination with a trendline re-test and the approach of the London close, set the stage for a short trade on the euro. As most golfers can attest, ending the trading day with a profit of up to 60 pips [depending on entry and exit] was like holing a lengthy birdie putt on the 18th green. Curt Wehrley FX Bootcamp’s Quantitative Analyst


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