A new month and a new beginning. Did you mange to profit from forex trading in March? I hope so. Remember that proper money management is an important factor to take into account to maximize success in the Forex market.
In the previous review, we note that the Eurozone leaders have almost come to a conclusion as to the restructuring of the Euro zone rescue fund. Conditions in the U.S. are seeking to be more optimistic as well. This so problems such as Portugal cut the budget ills and weak U.S. employment and real estate markets threaten to cause risk aversion in the markets.
The detailed observation of the EUR / USD above suggests a continuum of a bullish channel since the beginning of March and before.
The week began with a foreign exchange gap downward. I have mentioned many times before exchange differences occur at any time without notice and therefore one should always take into account the maximum risk is comfortable. However, the foreign exchange gap closed and the currency pair moved in a narrow range.
During the week came and EUR / USD is hovering around 1.4080 region by risk aversion and the continued downward pressure exerted. The downgrade of Portugal and Greece for S