EUR/USD … silence before the storm ?
THIS IS THE MORNING EDITION OF MY DAILY TRADING SIGNALS - PUBLISHED 5 GMT
Good morning dear traders, .... there is not much to report of yesterday´s trading day as there have been only little trading chances due to very low volatility in the markets.
Profit of the day: +32 pips
You can follow my live trading every day in the premium area of www.chat-trading.com at http://www.chat-trading.com/premium_posts.php
LOOKING BACK
Rather neutral news from Europe have been the reason that EURUSD did not leave its sideways range. There was an interesting short trade in USDCAD in the afternoon where I could take 29 pips due to good news of the Canadian Gross Domestic Product.
EXPECTATIONS FOR TODAY´S TRADING DAY
Here the most important news for today (all times in GMT): 07:30 Switzerland - SVME Purchasing Managers´ Index. 07:55 Germany - Unemployment change 08:30 UK - Purchasing manager index 09:00 European Currency Union - Unemployment rate 13:00 Canada - Interest rate decision 14:00 USA - ISM Manufacturing
Thus, today´s charts might have some contrast in comparison to yesterday´s charts.
TRADING CHANCES FOR TODAY
EURUSD
EURUSD lost some strength over night and is now in a mini sideways range.
Long @ 1,2320 Take-Profit @1.2370-90 Stopp-Loss @ 1.2285
Short @ 1.2230 Take-Profit @ 1.2185-1.2160 Stopp-Loss @ 1.2275
GBPUSD
Cable lost also and parked in a sideways range.
Long @ 1.4555 Take-Profit @ 1.4595-1.4605 Stopp-Loss @ 1.4520
Short @ 1.4450 Take-Profit @ 1.4385-65 Stopp-Loss @ 1.4490 Always take care of your stop management and consider your money and risk management.
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I wish you a successful start into a new trading month and all the best
Berndt Ebner - Trader education - Forex trader - seminars
Performance May 2010: 1615 pips (20 trading days)
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Performance 2010
January: 737 pips
February: 984 pips
March: 1372 pips
April: 668 pips
May: 1615 pips
P.S: Come to my next Forex seminar in Munich and to the Octoberfest. More infos at www.trader-coachings.com FOLLOW MY LIVE TRADING DAILY AT WWW.CHAT-TRADING.COM IF YOU ARE SUBSCRIBER OF MY DAILY TRADING SIGNALS IT IS FOR FREE !!! SUBSCRIBE THE TRADING-SIGNALS NOW !!!
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