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Forex Trading: The quiet markets should continue into NY market

Posted by Greg Michalowski on Mon, 05/26/2008 - 7:10am in

With the US and London holiday, the markets should remain very quiet today. Movements in these markets tend to random with very little in the way of market liquidity. Needless to say there is no news to report.

For the EURUSD the pair is in a triangle formation. The support and resistance levels are at 1.5731 and 1.5785 (see chart above)