FOREX VIDEO | NEW YORK SESSION REVIEW | March 24, 2009

The euro, which had exhibited weakness against multiple major currencies during the London session, rose during the first 30 minutes of today's New York session. That rise set up a sell the rallies scenario that bearish traders seek, as the EUR/USD found the 21 ema, a trendline, and a Fibonacci retracement level. Conservative traders who sought confirmation of the bounce at those sources of resistance, got it from multiple indicator crosses on the 1-minute chart. The short trade netted up to 80 pips in profit (depending on exit strategy).

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[DDDianaDDD]

Great video, thanks!