SpotEuro Forex Daily Outlook August 6, 2010

Price action remained steady through the London and NY sessions as traders felt comfortable with the UK and EU interest rate decision announcements and supporting statements. Everyone is now ready and waiting for Friday's Non-Farm Payrolls report, which we will be trading LIVE with our members. This special trading event will be sponsored by CURRENSEE and will be FREE for everyone that signs up; we invite you to join us. Until then, we expect a little bit of volatility as traders reposition their accounts and get ready for the next big move.

Trading Session: Trading Non-Farm Payrolls August 6, 2010
When: Friday, August 6, 8:00am US Eastern time (1pm London, 4pm Dubai, 9pm Tokyo)
Cost: FREE
Register: https://www2.gotomeeting.com/register/640302403

If you'd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member's area.

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• www.spoteuro.com
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[forexyard]

The EUR/USD did in fact call a top at the 38% Fibonacci retracement following the non farms, though the 1.35 looked like a good target.