FOREX VIDEO - New York Session Review - October 27, 2009

The U.S. dollar extended yesterday’s gains against the euro during today’s London and New York sessions. One opportunity to short the EUR/USD at a convergence of multiple levels of likely resistance, came together during the 30 minutes leading up to the U.S. equity market open. The dollar’s momentum increased following the release of a worse than expected October consumer confidence index from the Conference Board. The short trade delivered a profit of up to 80 pips [depending on exit strategy]. Curt Wehrley FX Bootcamp’s Quantitative Analyst

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