Asian Forex Market Report
Monday, April 5, 2010 @ 5PM ET USA
EURUSD
Yesterday: Spring Break
Asia Currently: Currently there are Runway trades developing on both the 15 minute and 30 minute charts. If these setup the 60 minute MAS could also support the move up.
London Possibilities: Since the USA was the only major market open today price action was range bound. The upper part of the range is 135.30 and we have a head and shoulders on the 60 minute chart with the neckline at the bottom of the range in the 134.60 area. We will watch for a 60 minute Runway trade to be setup during the London market and create a trend out of todays range.
For more specifics on the trade setups we use to catch these market moves sign up for the Free LIVE Training at www.forexactivetrader.com.
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