FOREX VIDEO | NEW YORK SESSION REVIEW | February 4, 2009

Following a London session dominated by selling of the EUR/USD, a modestly better than expected US ISM services figure for January provided the spark for a 30-pip news scalp trade on the euro. The brief rally took the currency pair to a technical level where a plethora of sellers were waiting to go short. Traders who were thinking down got it right, as the euro proceeded to give back its post-news gains...and then some. A 60-pip profit was the reward for those who took the short trade.

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[keris80]

Thanks for sharing knowledge Curt