FOREX VIDEO - Pre London Outlook August 12th 2009

Source: blogs.fxstreet.com

Hi everyone. For this outlook I take a look at the Euro USD and the Pound Swissy cross. We have had a good run especially for the Euro but have run into some fairly strong support for both pairs. I don’t think a retracement for both currency pairs is out of the question by any means. I have drawn up two “price trap” related trade plans. Lots of basic support and resistance as well as Fibonacci analysis. Good luck!! David Pegler


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