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Feb 24, 2009 23:44 Est

Casey Stubbs-- Winners Edge Trading

The Euro/Usd Has reached a point where the pair has not had any clear direction in the past few trading sessions. However now we are forming a Descending triangle which usually indicates a further move to the downside. So watch for the pair to break out of the triangle.

Feb, 23 2009 3:04 PM Est.

Casey Stubbs- Winners Edge Trading

The Euro lost value in today's trading as investors bought the Dollar because of profit taking off of Fridays gains for the Euro.

The pair is currently testing the key support level of 1.2700 if the pair bounces of that level we could see further gains. Or if the pair goes through that level. We could see a downside target of 1.2550 again. Watch those levels then look for entries to find good trades.

Feb 20, 2009 8:00 pm Est.

Casey Stubbs- Winners Edge Trading

The week ended with a bang with a huge move with the Euro gaining 250 pips on the day. Is this a bull move for the Euro or just a correction in the current downward trend? What caused such a move and so fast? One report said that as the price begin to move higher the price was hitting stop losses which ignited a buying frenzy in the Euro. I tend to believe that because where else would all that money to move the Euro higher come in all of the sudden.

Or

Is it that finally the supply of Dollars is becoming abundant and that this has finally caught up to the Dollar and now we are going to see a massive sell of in the Dollar ...

By Casey Stubbs-- Winners Edge Trading

Today the Euro gained against the Dollar on a larger than expected unemployement announcement this morning. In the past that would have sent the Dollar higher because of risk aversion. Today, however the dollar lost strength even with the negative news report. I would attribute move today as a pull back from the Dollars earlier gains this week. You can see from the chart below that todays gains hit the. 382 level on a Fibonacci Retracement on a 4hr chart.

So once again technical analysis rules over news. I do think long term the fundamental weakness of the Dollar will eventually show up the Dollar can't keep raising in value when the economy is falling apart especially since ...