SpotEuro Forex Daily Outlook April 2, 2010

Happy Friday Traders,

With Europe done for the week, were looking for an exciting NY trading session as the release of Non-Farm Payrolls will be our last chance to see volatility. The last few days of trading have been filled with risk appetite and weve seen the dollar continue giving up ground to the majors. The biggest news release of the last 24 hours was the SNB intervention that gave the euro a run of nearly 350 pips in less than 10 minutes. We were expecting such a move, but werent able to catch it ourselves. We still think the CHF will continue strengthening despite SNBs efforts, just as it had in the past year. Our goal in the next 24 hours is to find an opportunity for a trade during the NFP release.

Dont forget, we will be hosting a News! Trading session today, Friday, April 2, 1600 GMT/ 8am EST. Premium members may access the direct link in the Members Downloads section. The room will be open 15 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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[sugarboy7]

i reckon the euro will follow the gbpusd short/medium term bullish trend but with a weaker strength.