Forex Daily Outlook November 30, 2009

Happy Monday everyone! We had very exciting action on Thursday and Friday to make things interesting following reports that the Dubai investment arm may be failing and that they are seeking payment extensions. Ive been saying that these are turbulent times and everyone should trade with caution. After seeing a fresh breakout above 1.5050 on the EUR/USD, reaching to the high of 1.5150, we thought the run higher was going to continue; however, last weeks breakdown to the lows of 1.4800 now puts the bull run into question. Even though the reports have been mollified and the euro is back above 1.5000, we think this could once again become a front page story.

If youd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area.

Category:

Education

Tags:

• forex
• trading
• training
• forex trading
• outlook
• forex outlook