It was a thin forex market today, however the USD had been losing ground all night. Therefore, everything pointed up for the EUR/USD. With such thin forex markets, its best to keep your analysis simple and conservative. A 50% Retracement pointing to a 121.4% Extension is a text book example…

Today’s Retail sales were not good. EUR/USD should go up… right? How far? What has it done in the past? You’d have to look at June 14, 2005 to see what today’s results could produce. Isn’t it intersting how history can repeat itself? LIVE FOREX TRAINING | EVERYDAY! www.fxbootcamp.com

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New York openned with a lower high to lower low trading range. This points down for the EUR/USD. Perhaps the market was looking for higher than expected inflation in the CPI data released today. You know what? That is exactly what happened and a downward sloping price channel has formed. The only question is; how long will the dollar strength last? LIVE FOREX TRAINING | EVERYDAY WWW.FXBOOTCAMP.COM

www.boyoder.com A forex trading lesson from Bo Yoder, publisher of the forex trading newsletter from 5MinuteInvestor.com. In this video, Bo talks about the recent changes in style needed to maintain profitability in the FX markets.

The market wasn’t moving that great today. However, the GBP and the CHF both moved in predictable ways during the Asian and European sessions. Other than that, it was a tricky range bound day. For these trades, Fibs and Pivots we essential trading tools. Live FOREX Training | Everyday! www.fxbootcamp.com

The FOREX market was pointing down just before the New York open, but it would have been dangerous to short just before Retail Sales data was released. Sure enough, it gave the dollar strength and the EUR/USD fell. Support was estimated at 1.3200 and held several times… even on the retest after a pull back. It was a solid support area, as it was also near the M1 Pivot Point. Live FOREX Training | EVERYDAY! www.fxbootcamp.com

Learn how to trade support and resistance levels in an easy to use system including risk management.

Today we are going to learn about the RSI indicator in Forex Trading.

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