Forex Trade Alert EUR/USD

Trade Alert for Friday Jun 04, 2010

EUR/USD

The CCI is below -100. This currency pair is oversold at this time.

Next Day Trading Ranges for Friday Jun 04, 2010.

The 20 day moving average of the daily trading range is 206 pips and the 60 day moving average of the daily trading range is 160 pips. This shows that volatility has increased in the short term. The percentage of downdays when the open/high ratio is less than 25% is 74.00 percent. This means that if EUR/USD does not rise more than 52 PIPS from the opening price then there is a 74.00 percent chance that this will be an downday.

The [R3] or the most extreme high trading range is 1.2393.

The [R2] or the extreme high trading range is 1.2304.

The [R1] or the high trading range is 1.2134.

The [P] or pivot point is 1.2045.

The [S1] or the low trading range is 1.1875.

The [S2] or the extreme low trading range is 1.1786.

The [S3] or the most extreme low trading range is 1.1616.

Current Day Trading Session:

Momentum is continuing downward at the present time.

Next Day Trading Session:

If the next day’s close is above 1.2417 then that could be a sign that the current downward momentum is reversing.

4xGenie Support Team.

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