Trading Forex – Daily Outlook April 4th

Posted on 04. Apr, 2011 by Jakob in Daily Outlook

With the recent rally on EUR/USD a pullback seems natural, in spite of the possible rate hike out of ECB later this week. EUR/USD is currently trading around the 1.4231 level, and with heavy resistance just around 50 – 60 pips away from the current level, I think a possible short set´s us up with a good R:R ratio. However, wait for London to open and keep an eye on price action. We will only take this trade if things line up. With a possible pullback, I think we potentially could trade the reversal later today. Let’s wait and see how things unfold. Any possible trade will be posted on FB.

Tags: Daily forex outlook, Forex outlook, Forex Signals, forex trading, Trading Forex

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Trading Forex – Daily Outlook April 4th

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