Forex Video | New York Session Review | December 17, 2008

The famous Yogi Berra quote, It's deja vu all over again, must have been in at least some Forex traders' minds at the open of today's New York session. Selling pressure on the US dollar began at that time, as it had on 6 of the previous 7 trading days, and the euro rose to the occasion after a big post-FOMC move the previous day. A bounce at support at the start of the session was the pitch, and it looked like a grapefruit to those traders whose bias was up. The outcome was a 300-pip homer.

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[keris80]

Excellent ... Thanks for sharing knowledge