The pre-London session today produced some quality trade setups, as well as a noticeably weak British Pound Sterling and strong Swiss Franc. Yet just over an hour after London open, prior to the British retail sales news release, we found ourselves at a plethora of overlapping support. Even though we had no real reason to [...]

Tuesday 03.03.2009
EURUSD
The Euro recovers to the first intra-day resistance at 1.2675/80 formed by the 50% retracement of the 1.2810-1.2540 move. Above the said resistance will strengthen momentum and favor extended gains to 1.2800/10 and maybe above, towards key resistance at 1.2990. Daily sentiment remains bearish while trading [...]