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Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading News: EURUSD Bounces Right Off Key Support

Posted by Mr. Danish FX on Thu, 05/01/2008 - 3:04am in

The EURUSD just hit a key support of 1.5517 only to bounce right off and gain 20 PIPS.  This was a textbook move as the number hit and reacted instantly.