Market getting ready for better stocks has interest in risk again
Written March 9, 2010 at 9:23 AM EST by Greg Michalowski
Cisco has announced they will have a press conference at 11AM and announce a change that will revolutionize the internet, and that has led to a flow back into risk it seems (or at least a covering of the days trend moves). The EURUSD remains near – but back above - the 1.3551 retracement level, and the GBPUSD is moving above the 100 bar MA on the 5 minute chart at 1.4973 and now targets the 200 bar MA at the 1.5000 level in the same chart.
The USDJPY is also testing the 100 bar MA on the 5 minute chart at 89.83. A move above will next target 89.95 and then 90.14 key resistance.
Categories: Forex Trading |
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