SpotEuro Forex Daily Outlook March 4, 2010

Hello Traders!

The euro continued to strengthen to 1.3700 as Greece announced further budget cuts and tax increases. The concern for the trader is now the volatility that will come out from unexpected news in the coming months as many questions remain unanswered. We expect the euro to retrace further, as high as 1.4500, but it will most likely have difficulty surpassing the 1.4200 level. Before this euro bullish outlook continues, we expect a retracement to 1.3650/1.3600. A break below 1.3580 will be bearish for the euro and well look for further USD strength.

Dont forget, we will be hosting a Live! Trading session today, Thursday, March 4th, 0900 GMT/4am EST. Premium members may access the direct link in the Members Downloads section. The room will be open 20 minutes prior to trading.

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

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