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"What's Effect that Irish Vote Result had on EUR/USD?" - exchange and trading

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Old 04-29-2011, 06:12 AM
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Join Date: Jan 2011
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Default "What's Effect that Irish Vote Result had on EUR/USD?"

"The whole trend of the EUR/USD sustained the violent adjustment tendency. In Europe hours, the market sentiment had not got rid of the ‘dark clouds’ of the Irish debt crisis yet.
Under this circumstance that the GBP did not break through the new record high, the forex price of EUR/USD just ascended to nearby 1.3281 with difficulty.
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Old 04-29-2011, 06:15 AM
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Join Date: Jan 2011
Posts: 58
Default "Where is the direction of GBP/USD?"

On last trading day, the short-term trend of GBP/USD appeared rebounded going up rhythm. Finally, the overall tendency increased firstly and then declined.
The short-term forex price passed through the averages system with ups and downs.
Judging from the subjective direction, the forex price fluctuated violently and had no clear trend direction, thus investors should avoid the short-term GBP trading chance, so the mainly direction is watching and seeing.
The trading strategy is to sell GBP on 1.592 and stop loss on 1.595.
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