FOREX EURUSD ANALYSIS THIS WEEK..?
im trading in forex but i keep lost my money plzz help me..
anyone.. who can give me tips on trading this week..???
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Filed under: Forex Information
The Euro had a difficult day as investors learned that the European Central Bank will lend up to 25 Billion Euros to stave off the collapse of banks in Eastern Europe. Coupled with this, the financial problems in Portugal, Greece, Spain and Italy are keeping investors worried about potential future monetary problems in the EU.
The Euro was down ½% to the Pound and closed at .885, and down marginally to the CHF at 1.4822. The Euro posted gains against the CAD, up 1.2% to 1.6166 and up 1/10th of a percent to the AUD to close at 1.9839. I would recommend to initiate shorts around 1.2700 for intraday 80 pips. (Eur/Usd: 1.2564).