November Special: Get 40% Off Nial Fuller's Price Action Trading Course & Daily Newsletter (Ends Nov 30th)
Nial Fuller

NIAL FULLER
Professional Trader, Author & Trading Coach

Daily Forex Market Commentary: 11-24-09

Daily Forex Market Commentary

Stocks were down modestly today as the Fed commented the recovery might not be strong enough to quickly drive down the jobless rate.

Pair in focus: euro/dollar

After selling off a bit during the European session the euro closed virtually unchanged from yesterday around 1.4960. We can see some very nice price action signals that have occurred in this 4hr chart below. Price action signals work great in trading ranges and in trends. Yesterday’s session gave us a well formed 4hr pin bar with the over-all up trend on this pair. A solid break above 1.5000 could move up to 1.5200 while a break below 1.4820 could move to 1.4600. This pair is getting ready to move, let’s use price action to light the way…

1259097391-clip-16kb

For more in-depth analysis of the Major FX Pairs and Price Action Signals please check out our online trading community.

Print Friendly, PDF & Email

About Nial Fuller

is a Professional Trader & Author who is considered ‘The Authority’ on Price Action Trading. He has a monthly readership of 250,000+ traders and has taught 20,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.

Leave a Comment

Your email address will not be published. Required fields are marked *