Thursday, March 4, 2010

EUR/USD Before US non F Pay roll and Unemployment figure

USA non farm paytroll and unemployment figure is coming out later today. All eyes on that figuer.

Gold is still holding above 1130.85

EUR/USD See technical Picture:

All moving averages are in the consolidation channel with the previous trend being Bearish.









I am watching some key technical levels on Dollar index (80.36) which is holding above 50, 100 and 200 SMA.

S&P 500 (1115.10) and DJ (10376) indexes and futures are consolidating/ maintaining their gains.

Recommendation:
Sit back and fish for the opportunity to come to you rather jumping in the pond.
Identify the risk part (Very important).

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