An overview of the
currency markets by 
Greetings.
Let’s pull up the EUR/USD hourly chart. Although the long term trend is still down, it looks as if we may get a retracement in the market.
The daily EUR/USD chart indicates we hit a potential low on 1/21/09 and am now going to head up for a retracement.
A good way to stay safe while doing your research is to wait until the currency pair crosses the upper black line. If it crosses the line and breaks away, look for a continued movement up.
We’re about 3 hours before the opening of the European markets so we may see some low volume spikes here and there, but wait for the European session to open and watch for a break of the top line.
As always, apply your money management and use your stops.
Good luck.
