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Forex Trading Unlocked Inc. - Download this 228 pg. Trading E-book Free - When Markets Attack
May 15, 2015
May 15 End of week update.
What a week it has been…
EURUSD blasted through resistance again. No matter how much EU bashing there is in the U.S., they continue to grow. The rally in the EUR is more likely a correlation to the rally in crude oil, and not very indicative of other factors.
If this is the case then it will be interesting to see if momentum stalls. Crude Oil has upside pressure from the news, but the Bulls seem to be ready for a break. And a Break is exactly what is on the menu. A short term ease in Crude will be a nice relief at the pumps as summer begins, and this would put the stop on the EURUSD rally as well. Now this may not be a turn in the EUR, but it would be a great time to set a range trade as the summer time trade settles in. After all, the whole world is at war today. What conflict would rock the EUR??? Only a major flight to quality in the USD could trigger that. This is very unlikely in the short term. Something to think about over the weekend as you prepare for next week’s trade.
Have a great weekend,
Forex Trading Unlocked Inc.
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Option and stock investing involves risk and is not suitable for all investors. Only invest money you can afford to lose in stocks and options. Past
performance does not guarantee future results. The trade entry and exit prices represent the price of the security at the time the recommendation was made. The trade record does not represent actual investment results. Trade examples are simulated and have certain limitations. Simulated results do not represent actual trading. Since the trades have not been executed, the results may have under or over compensated for the impact, if any, of certain market factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
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Disclaimer: Trading is risky. Past performance is not indicative of future results.
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