Hey everyone. For this outlook I concentrate on the Aussie USD since we have an Aussie rate statement scheduled today. It’s a fairly tough technical read for me as a result I have defined general support and resistance and some key levels to trade around and look out for. I also take a brief technical look at Cable. Quite simple analysis employed today, price action, fibs and general support and resistance. Good luck!! David Pegler
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9 Responses to “FOREX VIDEO - European Outlook November 3rd 2009”
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Good handle on things as always David. Will await the Aussie rate decision with your video in mind.
things are clicking. i was looking at the au/u all day and could not see an opportunity and as soon as i left for the day there was a big red on the hour but it didn’t really pan out to much. i put a fan on it and could not see anything interesting and like you say “news”. shorted u/cad for a small profit. waiting for direction…
Many Thanks David,
Will look forward to the rate announcement in a couple of hours..
Brian
Thanks for your insights, David.
David, thanks for your concise analysis of the market in advance.Keep up the good work.
thanks a lot
Thank you David. See you in the morning session
Cheers David This confirmed what i was thinking.
Another great video David, everything panned out exactly like u said.You guys should be on CNBC.