Euro USD: Euro USD Currency Futures Technical Recap 3/8/10
Posted by: Richard Estrada // Category: Euro USD Futures
Currency day traders day trading the Euro USD watched the Euro USD pop up early only to pull back after reaching 1.3605. The 60-minute chart of the March 2010 Euro USD Currency Futures (see chart below) shows that this market is now trading within a bull flag technical formation and is holding in the vicinity of both the 5-day moving average (1.3630) and the 4-week moving average (1.3623).
The question for currency traders tonight is will the bulls try and push through the top of the bull flag formation in tonight’s session, or will the bears make a move to try and push this market back down? To get a live night market update simply sign up for a night market Live Technical Update.
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Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing short-term trading strategies will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition
Tags: day trading futures, Euro Currency futures, Euro Futures, Euro USD
