SpotEuro Forex Daily Outlook March 10, 2010

Hello Traders,

Market continues to see volatility but consolidates towards the end of the day. Were paying close attention to several pairs, which Ill cover in detail in the video. Bulls and bears seem to be split on further direction, but we do expect dollar bears to win this one, at least in the short term. More importantly, we have to look at what the other majors are doing, and with the equity markets heading higher, investors are opening up to more risk, hence the rally in AUD and NZD pairs. The USD/CHF has held above 1.07 fairly well and the EUR and GBP are consolidating. We think the price action over the next few days will be very important, especially if we anticipate a further retracement in the buck.

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

Category:

Education

Tags:

• forex
• fx
• trading
• currency
• training
• currency trading
• forex trading
• daily outlook
• analysis
• technical
• fundamental
• interest rate
• money