Wow, what a day. The forex market really moved. The US Session openned at a 161.8% Fibonacci Level and M4 Pivot Point. That is usually what the markets look like at the end of the trading day! With so much news on the calendar, you really had to play it cool and wait for an entry point. If you did, you were rewarded with one last extension in the direction of the prevailing trend. LIVE FOREX TRAINING | EVERYDAY! HTTP://WWW.FXBOOTCAMP.COM

Not much happened during the European session today and there is nothing on the calendar for the US Session. Doesn’t seem like much of a trading day eh? Well Fibs, Pivots and Moving Averages all point up for the EUR/USD. So the only question is where the entry/exits points should be for a short USD trade. LIVE FOREX TRAINING | EVERYDAY! HTTP://WWW.FXBOOTCAMP.COM

New York openned with a lower high to lower low trading range. This points down for the EUR/USD. Perhaps the market was looking for higher than expected inflation in the CPI data released today. You know what? That is exactly what happened and a downward sloping price channel has formed. The only question is; how long will the dollar strength last? LIVE FOREX TRAINING | EVERYDAY HTTP://WWW.FXBOOTCAMP.COM

Tuesday’s trading range was higher than Monday’s. This predicts that today’s action is likely to push the EUR/USD upward… following the trend. Learn how Fibonacci Extensions and Pivots Points, both being leading indicators, helped guide successful forex traders today. LIVE FOREX TRAINING, EVERYDAY! HTTP://WWW.FXBOOTCAMP.COM

A big move for the dollar that started right at the London open and seemed to stop right at the New York open. Why? Perhaps it was the 161.8% Fibonacci Extension in its way… Live FOREX Trading | Everyday! http://www.fxbootcamp.com

The New York session started in a tight range on the 15 minute chart. However, price was bouncing off of the 200 EMA on the hourly chart. It was also being supported by the Support Pivot Point (S1). All we needed was a clear break to the upside for a target of the Resistance Pivot Point (R1). With a breakout strategy such as this, its a good idea to use Fibs and Pivots, as they are your leading indicators. Live FOREX Training | Everyday! http://www.fxbootcamp.com

Monday’s low was Tuesday’s low: Double Bottom. However, until the 78.6% Fibonacci Retacement Line is broken, you cannot assume a reversal. At the New York Open, there were several reasons to short. Once they failed, a clear break to the up-side at the London Close signaled new found EUR/USD Bullishness. Live FOREX Training | EVERYDAY! http://www.fxbootcamp.com

The prevailing trend is down, but we started the New York session at the 121.4% Fib Extension. This is likely key support for today. Will price fall any farther? Perhaps if ISM helps the USD gain additional strength. Live FOREX Training | Everyday! http://www.fxbootcamp.com

This Non-Farm Payrolls live event, held at FXstreet.com attracted 800 FOREX traders to register for a seat! This is a video summary of the 3 hours of live forex training. LIVE FOREX TRAINING EVERYDAY! HTTP://WWW.FXBOOTCAMP.COM