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« Post Labor Day Update

Trade Alert – EUR/USD »

Forex Daily Outlook

September 8th, 2010

Hello Traders!

With the first few days out of the way, we still have a very unclear market. Despite our preference to see a weaker dollar, we are seeing growing signs of risk aversion and an increase in yen and dollar strength. This is unfavorable as we’ve been waiting to enter long dollar positions at better prices. With the increase in market uncertainty, only a break below certain levels should confirm this analysis. Just a few hours before London opens, we’re continuing to see a stronger Yen. We are set for a slew of economic releases over the next 72 hours, so expect volatility. Our technical analysis for the major currency pairs is provided in the video.

Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.

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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