My Trading is based on the laws of supply and demand. Everything about price is reflected in the price. Price moves between areas of supply and demand until the demand is absorbed and price moves lower or supply is absorbed and price moves higher. This blog is dedicated to the relationship of supply and demand and it's effects on price in the forex markets. Once supply and demand is learned, it can be used in any market.
1-11-07
EURUSD
The EURUSD extended the bottom of the range to a low of 1.2930 yesterday, and it has bounce up to 1.2960. I plan to buy the first pullback to 1.2940. The first target is 1.2989 and the second target is 1.3031. The US Dollar Index is in a weekly area of supply and we could see a bounce in the EURO from here.
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Forex Trading Based on Supply and Demand
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12:23 AM
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