Browsing Archive: November, 2009

Methods or Techniques for Trading the Forex Market

Posted by Haris Mala on Wednesday, November 18, 2009,

The Forex market offers the trader numerous opportunities and can be very profitable to trade and also very exciting. The most important Forex market is the spot market as it has very large volume. The market is called the spot market because trades are settled immediately, or "on the spot".

With Forex trading there are also considerable risk factors. It is seriously crucial that you fully understand the implications of margin trading and the particular pitfalls and opportunities that fore...


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Forex Practice Accounts — Are Demo Accounts Really a Good Thing?

Posted by Haris Mala on Wednesday, November 18, 2009,

Free Forex practice accounts are a service that are loved by some yet hated by others, why is this so? Surely a free practice account can be nothing but a good thing?

Not exactly so, it does have its benefits but also has it's pitfalls, in this article we will examine the pros and cons of such an account.

Lets start off by looking at the practice account. For those who may not be aware, the free practice account does exactly what it says on the tin, it lets you practice Forex trading for f...


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FOREX: Starting your own trading

Posted by Haris Mala on Wednesday, November 18, 2009,

The presented article is intended for those who just turned their eyes toward Forex. Beginning traders who are still learning the basics of the foreign exchange market may also find something of interest here. While experienced traders won't gain anything worth their time reading this article.

Basically there are 4 steps which can be defined as "must do" for those who wish to start trading Forex. Though, their order is not particularly important, the more important part is their content, to...


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The Pros and Cons, of Trading a Forex Trading Demonstration Account

Posted by Haris Mala on Wednesday, November 18, 2009,

Trading is a skill that takes time to learn. Think of it like Boxing it's also a skill that takes time to learn. If you get into a professional boxing ring without any training, you'll get beat up physically! If you get into the Forex ring without any training, you'll get beat up financially!

The similarities are that both the examples are Skills, and both require psychological preparation. The difference is that one is physical and the other is financial.

We can get over a physical beatin...


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Forex Trading, What Hours Should I Be Ready For Trading?

Posted by Haris Mala on Wednesday, November 18, 2009,

Once you have decided to enter the Forex trading world you will find that FX trading has many advantages over other capital markets. Including among others; very low margins, free trading platforms, high leverage and around-the-clock trading.

It is my main concern in this article to let you know what hours you should be ready and focus for start trading, so you can expect the highest profits in your trades, and not just consider that around-the-clock trading means you should randomly trade ...


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A FOREX Quickie — How To Get An Educated Quick Start

Posted by Haris Mala on Wednesday, November 18, 2009,

First what is Forex: The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another.

The Forex, or foreign currency exchange, is all about money. Money from all over the world is bought, sold a...


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The Prime Time For Daily Forex Trading

Posted by Haris Mala on Wednesday, November 18, 2009,

Investors and traders can trade currencies worldwide, in any trading zone, 24 hours a day, in today's foreign exchange market. London, Japan and New York top the top three currency traders among the currency dealers. These currencies are being traded 24 hours a day. The only time that currencies stop trading is on Friday when the Japanese market shuts its doors. There is a one day window after Japan closes before Europe steps in on Monday morning to open for business.

The majority of tradin...


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The Forex Market And Its Three Distinctive Elements

Posted by Haris Mala on Wednesday, November 18, 2009,

Although there are many distinctive elements of the Forex market, there are three that can be highlighted as helping new traders learn exactly what the foreign exchange market is all about. These distinctive elements are those that every new trader should know long before they make their first trade. The Forex system is one that is made to encompass the entire globe. It can be difficult to interpret and even more difficult to successfully trade within. The first step to being a successful tr...


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Investment Myths And The Forex Markets

Posted by Haris Mala on Wednesday, November 18, 2009,

First what is Forex: The FOREX or Foreign Exchange market is the largest financial market in the world, with an volume of more than $1.5 trillion daily, dealing in currencies. Unlike other financial markets, the Forex market has no physical location, no central exchange. It operates through an electronic network of banks, corporations and individuals trading one currency for another.

What is a myth: A myth is often thought to be a lesson in story form which has deep explanatory or symbolic ...


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What Is Rollover Interest In The Forex Market?

Posted by Haris Mala on Wednesday, November 18, 2009,

In the spot forex market, all trades must be settled in two business days. A rollover refers to the process of closing open position for today's value date and the opening of the same position for the next day's value date at a price reflecting the difference in interest rates between the two currencies.

In accordance with international banking practices, Forex brokers automatically rolls over all open positions to the next date at 5 PM EST for settlement.

Rollover involves exchanging the ...


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Online Forex Trading

Posted by Haris Mala on Wednesday, November 11, 2009,

Do you know what Forex trading is? Some people have heard of this type of trading, others have not. If you haven't, it might be something you are interested in trying. Forex trading stands for foreign exchange trading. What it consists of is the buying and selling of different currencies. This is done simultaneously, and there are people who make a lot of money with this kind of trading. This is apparent by the 1.9 million dollar turnover in this market that happens every day. Also a lot of ...


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Futures Versus Forex (Foreign Exchange Market)

Posted by Haris Mala on Wednesday, November 11, 2009,

Todays current futures market is quite unlike the futures of the 19th century. Todays future market is a worldwide one that includes manufactured goods, financial currencies and treasury bonds, and agricultural products.

When you speculate on futures it is not the actual good that is speculated upon rather it is the contract for the goods that is traded as value. Every futures contract includes a buyer and a seller. The following is an example of a futures speculation: A farmer agrees to de...


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FOREX: What Is It And How Does It Work?

Posted by Haris Mala on Wednesday, November 11, 2009,

The Foreign Exchange market, also referred to as the "Forex" is the biggest and largest financial market in the world. It has a daily average turnover of US$1.9 trillion- just imagine that amount of money! Don't you want to join this trillion-dollar industry?

Forex is the simultaneous buying of one currency and selling of another. Currencies are traded in pairs, for example Euro/US Dollar (EUR/USD) or US Dollar/Japanese Yen (USD/JPY). So basically, Forex is trading.

There are two reasons t...


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Interested in FOREX Trading?

Posted by Haris Mala on Wednesday, November 11, 2009,

The Foreign Exchange Market (Forex) has no central exchange location yet it is the largest financial market in the world. It is over 3x's the size of the stock and futures markets combined and operates via an electronic network of a banks, corporations and investors.

Foreign exchange consists of a simultaneous buying of one currency and selling of another. Currency is traded in pairs, in other words, one currency is traded for another. The major currencies are:

USD — United States Dollar...


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Forex Trading — Understanding Commissions, Spreads and Trading Costs

Posted by Haris Mala on Sunday, November 8, 2009,

The forex market is quickly becoming one of the most popular markets for trading.

Not only are the experienced traders looking to this market to maximize their trading returns, but many new, individual investors are now able to trade the Forex market — just as they do stocks and futures.

More and more individuals are seeing Forex not only as a new way to diversify their portfolio, but are also finding that it is becoming the most profitable component of their investments.

And that's b...


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Forex: Benefits of Trading the Forex Market

Posted by Haris Mala on Sunday, November 8, 2009,

Trading the Forex market has become very popular in the last years. Why is it that traders around the world see the Forex market as an investment opportunity? We will try to answer this question in this article. Also we will discuss come differences between the Forex market, the stocks market and the futures market.

Some of the benefits of trading the Forex market are:

Superior liquidity.

Liquidity is what really makes the Forex market different from other markets. The Forex market is...


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Learn Currency Trade — Intro to The FOREX Market

Posted by Haris Mala on Saturday, November 7, 2009,

The Foreign Exchange Market — better known as Forex — is a world wide market for buying and selling currencies.

It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day and American stock markets exchange about $100 billion a day.

The Foreign Exchange Market was established in 1971 with the abolishment of fixed currency ...


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Forex Trade: Main Drawbacks of a Forex Trader

Posted by Haris Mala on Saturday, November 7, 2009,

Why is it that very few traders succeed in the Forex trading environment while the grand majority of traders fail to achieve success? Although there is no hard answer to this question, there are a few things that will put you one step ahead and will definitely put the odds in your favor.

The main purpose of this article is to guide you through some important aspects of Forex trading. But in a different way, instead of telling you what to do or the best way to do it, it will tell you what to...


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What Is Forex Trading?

Posted by Haris Mala on Saturday, November 7, 2009,

Forex trading is nothing more than direct access trading of different types of foreign currencies. In the past, foreign exchange trading was mostly limited to large banks and institutional traders. However recent technological advancements have made it so that small traders can also take advantage of the many benefits of forex trading just by using the various online trading platforms to trade.

The currencies of the world are on a floating exchange rate, and they are always traded in pairs....


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Money Management Principles

Posted by Haris Mala on Thursday, November 5, 2009,
Trade With Sufficient Captial

One of the worst blunders that forex traders can make is attempting to trade without sufficient capital.

The trader with limited capital not only will be a worried trader, always looking to minimize losses beyond the point of realistic trading, but he will also frequently be taken out of the trading game before he can realize any sense of success trading the method(s) or patterns.

Exercise Discipline

Discipline is probably one of the most overused words in forex trad...
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Growing Popularity of Forex Trading

Posted by Haris Mala on Wednesday, November 4, 2009,
Today it is very hard to ignore the fact that forex market is the world's biggest financial market. Over the past few years, it has become the most popular market with trades amounting to more than USD 3 trillion every day. Generally referred as currency trading market, it always involves the combination of two currencies. For example- either you can buy Euro or sell US dollars, or you can buy and sale any other combination of globally accepted currencies.

In recent times, fx trading has gaine...
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USING TOO MUCH LEVERAGE. A COMMON MISTAKE BY FOREX TRADERS

Posted by Haris Mala on Wednesday, November 4, 2009,
Forex trading is among the most lucrative industries that independent individuals can participate in. Beginners, though, are susceptible to making mistakes that may result in the depletion or total loss of their investment.

One of the strong suits of currency trading is that it allows traders to use leverage or to trade on margin. This means that they can buy or sell currencies despite a small account balance. Novice traders at times take advantage of this opportunity and decide to use too muc...
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A Few Forex Tips To Help You Achieve Success

Posted by Haris Mala on Wednesday, November 4, 2009,
You can earn a lot of money through Forex and it in fact only requires that you learn from some tips that will show you how to maximize your profits from dealing in foreign currencies. The simplest Forex tip is to use weekly charts to boost your profitability. This means that you have to take the trouble of checking the weekly charts so as to be able to gain a proper perspective of the currency market.

Such weekly charts are ideal for learning and finding out more about the major trends that ...
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The 6 Advantages Forex Trading Has Over Other Investments

Posted by Haris Mala on Wednesday, November 4, 2009,

The 6 Advantages Forex Trading Has Over Other Investments

There are many different advantages to trading forex instead of futures or stocks, such as:

1. Lower Margin

Just like futures and stock speculation, a forex trader has the ability to control a large amount of the currency basically by putting up a small amount of margin. However, the margin requirements that are needed for trading futures are usually around 5% of the full value of the holding, or 50% of the total value of the s...


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Trading Forex To Advance Your Financial Position

Posted by Haris Mala on Wednesday, November 4, 2009,

Trading Forex To Advance Your Financial Position

Everyday, currencies are traded in an international foreign exchange market, otherwise known as the forex market, with the main marketplaces (otherwise known as bourses) existing in the world's financial centes New York, London, Tokyo, Frankfurt and Zurich. Historically, the only way to participate was from the trading floor of one of these bourses, but today, people can trade forex from anywhere through a secure internet connection and a PC....


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The Benefits of Trading The Forex Market

Posted by Haris Mala on Wednesday, November 4, 2009,

The Benefits of Trading The Forex Market

Historically, the FX market was available most to major banks, multinational corporations and other participants who traded in large transaction sizes and volumes. Small-scale traders including individuals like you and I, had little access to this market for such a long time. Now with the advent of the Internet and technology, FX trading is becoming an increasingly popular investment alternative for the general public.

The benefits of trading the cu...


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Introduction To Forex Trading

Posted by Haris Mala on Wednesday, November 4, 2009,

Introduction To Forex Trading

There are many markets: markets for stocks, futures, options and currencies. These are probably the most accessible markets for everyday traders like you and I. People easily understand the basics of trading shares, so I will occasionally use examples from that market.

I began trading shares first and then I moved on to trading currencies; therefore, most of the examples I will be using in this book are derived from trading currencies.

If you do not know a lo...


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Forex Enterprise — A Full Review

Posted by Haris Mala on Wednesday, November 4, 2009,

Forex Enterprise — A Full Review

A new marketing course to hit the internet by Nick Marks that advertises earnings of $1000 a day and $30,000 a month respectively. This turnkey system generating multiple streams of income is relatively new and so it is my pleasure to review it for you.

After purchasing you are given a login page where you are introduced to the system which is in website format. Everything is easy to access and well organized.

After Nick gives you a little pep talk about...


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Forex Trading

Posted by Haris Mala on Wednesday, November 4, 2009,

Forex Trading

So what is is Forex trading you may ask? Forex is the exchange you can buy and sell currencies. For example, you might buy British pounds (by exchanging them to the dollars you had), then, after pounds / dollar ratio goes up, you sell pounds and buy dollars again. At the end of this operation you are going to have more dollars, then you had at the beginning.

The Forex market has much higher liquidity, then the stock market, as much more money is being exchanged. Forex is spre...


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Forex Avenue: The Road to Riches

Posted by Haris Mala on Wednesday, November 4, 2009,

Forex Avenue: The Road to Riches

In my continuing quest to provide visitors of my site with a large amount of options to chose from when considering working from home I have done some research on Forex trading. I first learned of Forex trading while pursuing my MBA program. For those of you who have never heard of this, Forex trading is the exchange of foreign currency.

I know I would have never even know this was an option for making money had I not found out in class. Most of the really ...


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Why Trade the FOREX?

Posted by Haris Mala on Wednesday, November 4, 2009,

Why Trade the FOREX?

My purpose for writing this article is to demonstrate to you the advantages of trading on the Forex market. However, there is one myth that I want to dispel before I go further. The myth is that there is a difference between trading and investing. To dispel that myth I quote from Al Thomas, President of Williamsburg Investment Company, who wrote "If It Doesn't Go Up, Don't Buy It". He said "Everyone who invests is a trader, only the time period is different." It is a le...


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Explosive Profits: 7 Reasons to Trade Forex

Posted by Haris Mala on Wednesday, November 4, 2009,

Explosive Profits: 7 Reasons to Trade Forex

There are many money-making opportunities out there and we've been involved with quite a few, namely property marketing, web development, residential construction security, multi-level marketing businesses etc.

We've come to a few conclusions with the help of some well-known properity coaches.

Often people with the income they desire don't have the time to enjoy it. Those that have time don't often have money. You don't have to sacrifice your ...


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Forex The Future Investment

Posted by Haris Mala on Wednesday, November 4, 2009,

Forex The Future Investment

There are many many advantages over the various other ways of investing. First of all it is a 24 hr market, except for weekends of course. You have the US market then the european and then the Asian. One of the great times to trade is during the over lapping periods. The USA and european overlap between 5am & 9am eastern and the Euro & Asian between 11pm & 1am eastern. Usually the busiest time and best to trade.

The is also the risk factor for the accounts. With...


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Investing in Forex

Posted by Haris Mala on Wednesday, November 4, 2009,

Investing in Forex

Investing in foreign currencies is a relatively new avenue of investing. There are considerably fewer people are aware of this market than there are people aware of several other avenues of investing. Trading foreign currency, also known as forex, is the most lucrative investment market that exists. There are several factors that make this true among which, successful forex traders earn realistic profits of one hundred plus percent each month. Compared to some of the bett...


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Advantages of the Forex Market

Posted by Haris Mala on Wednesday, November 4, 2009,

Advantages of the Forex Market

What are the advantages of the Forex Market over other types of investments?

When thinking about various investments, there is one investment vehicle that comes to mind. The Forex or Foreign Currency Market has many advantages over other types of investments. The Forex market is open 24 hrs a day, unlike the regular stock markets. Most investments require a substantial amount of capital before you can take advantage of an investment opportunity. To trade Fo...


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TradeForex

Posted by Haris Mala on Wednesday, November 4, 2009,

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Advantages of the Forex Market

Posted by Haris Mala on Wednesday, November 4, 2009,

What are the advantages of the Forex Market over other types of investments?

When thinking about various investments, there is one investment vehicle that comes to mind. The Forex or Foreign Currency Market has many advantages over other types of investments. The Forex market is open 24 hrs a day, unlike the regular stock markets. Most investments require a substantial amount of capital before you can take advantage of an investment opportunity. To trade Forex, you only need a small amoun...


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Investment - How To Start Investing

Posted by Haris Mala on Wednesday, November 4, 2009,
When you're first getting into investing there are literally tens of thousand of investments to choose from. You can invest in stocks, bonds, mutual funds or some other type of investment.

For the newbie investor just knowing the name of the investment or company you're putting your money in is just the beginning. There are often a lot of minor but important details that you must learn about before you decide to invest. If you had the time and know how you could analyze financial statments, s...
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Learn How To Make Money On The Forex Market

Posted by Haris Mala on Wednesday, November 4, 2009,
Forex trading is trading the currency of a country for the currency of a different country at their current exchange rate. Futures trading, which is based on a currency's future value is different all together but many people get the two confused. You may also see Forex referred to as FORX, FourX, or even 4X when you perform a search on the internet. All Forex trading is conducted through brokers or market makers so it is important to do your research before funding a margin account which is ...
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Dollar Up on Banking Sector Problems

Posted by Haris Mala on Wednesday, November 4, 2009,

The dollar touched the highest level in a month versus the euro after speculations suggesting that banks throughout the world are still facing severe difficulties tor reestablish their financial situation fueled a rally for safety this Tuesday in trading markets.

After speculations suggested that the Federal Reserve is discussing future steps regarding interest rates in the United States which remain at a record low level, markets tumbled and demand for safety emerged in trading mark...


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What is Rate of Change (ROC) and How To Compute It?

Posted by Haris Mala on Wednesday, November 4, 2009,

Forex article

Rate of Change or ROC is a technical indicator that measures the changes between the percentage compared to the most recent price and the price "n" periods in the past. It is also said that it monitors the momentum of the market. It estimates the market’s rate of change comparative to the previous trading intervals. In the highest level, the indicator might say a market is quite overbought. Valleys or troughs also points out an oversold market situation.

It can also sta...


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Forex Scam

Posted by Haris Mala on Wednesday, November 4, 2009,

Not beating the market

The foreign exchange market is a zero sum game in which there are many experienced well-capitalized professional traders (e.g. working for banks) who can devote their attention full time to trading. An inexperienced retail trader will have a significant information disadvantage compared to these traders.

Although it is possible for a few experts to successfully arbitrage the market for an unusually large return, this does not mean that a larger number could earn the...


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Forex Order Types

Posted by Haris Mala on Wednesday, November 4, 2009,
Margin Order Types
The basic landscape in Forex trading involves a number of order types that facilitate efficient transactions. Below, we have defined several of the most common terms.

1. Limit
A limit order is commonly used to enter or exit markets at a specified price or better than the market price. In addition, a limit order allows the trader to manage the length of time that the order is current or outstanding before it is canceled.

2. Stop if Bid
A Stop if Bid order is used to buy or s...

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Scams to be wary of

Posted by Haris Mala on Wednesday, November 4, 2009,

A FOREX scam is one that involves trading but will turn out to be a fraud; you have no chance of getting your money back once you have invested it. If you were to invest money with a company stating they are involved in FOREX trading you want read closely to learn if they are permitted to do business in your country. Many companies are not permitted in the FOREX market, as they have defrauded investors before. In the last five years, with the help of the Internet, FOREX trading and the awaren...

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successful trader

Posted by Haris Mala on Tuesday, November 3, 2009,

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Benefits of Using a Forex Signals Provider

Posted by Haris Mala on Tuesday, November 3, 2009,
The Forex market can be intimidating and confusing if you are a beginner. Experts and gurus have spent years acquiring experience and knowledge by making expensive mistakes. If you are venturing into forex for the first time, it's almost a guarantee that you will lose money. You may lack the knowledge and skills to make profitable trades.

To overcome the challenges ahead, have two options. The first option is to learn everything on your own. However, as mentioned earlier, be prepared to lose m...
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Are Traditional Banks Better Than Internet Banking?

Posted by Haris Mala on Tuesday, November 3, 2009,
With the ubiquitous internet as it is today, you have the convenience of doing a variety of banking transactions online from the comfort of your home, in your office or while traveling. This extraordinary technological creation has so made life easier for a lot of people including professionals, the business community, housewives and scholars even for banking purposes. Notwithstanding, this new communication phenomenon people have not stopped patronizing the usual off line banks . The orthodo...
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Forex Indicators For Better Trading Accuracy

Posted by Haris Mala on Tuesday, November 3, 2009,
For some traders, they prefer to use the forex indicators to make some trading decisions. They spend hours in front of the computers to observe the movements of the indicators to make sure that they have already made the perfect decision. For them, they accuracy on examining the indicators is the life of their trading sessions. Once they made mistake, it would be a bit hard to recover.

Some traders are using the forex indicators to see the forex signal. The signal gives them some hints to make...
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Forex Money Management - The Foundation For Huge Gains and Forex Trading Success

Posted by Haris Mala on Tuesday, November 3, 2009,
Most traders use solid Forex trading systems but they fail to poor money management and really poor money management is the reason most traders lose lets take a look at in more detail...

If you watch any good football team it will have a strong defence it keeps the team in the game, until the offence gets an opportunity. If a team falls to far behind it doesn't matter how good the attack is, the team will lose and it's the same in Forex trading you need to defend what you have and keep your l...
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Fundamental Weekly Outlook

Posted by Haris Mala on Tuesday, November 3, 2009,

EU:
• Monday: France PMI Manufacturing (Previous 55.3, Expected 55.3), Germany PMI Manufacturing (Previous 51.1, Expected 51.1), Euro-zone PMI Manufacturing (Previous 50.7, Expected 50.7).
• Wednesday: France PMI Services (Previous 57.8, Expected 57.8), Germany PMI Services (Previous 50.9, Expected 50.9),  Euro-zone PMI Services (Previous 52.3, Expected 52.3). Euro-Zone PPI MoM (Previous 0.4%, Expected -0.4%) & YoY (Previous -7.5%, Expected -7.7%).
• Thursday: Euro-Zone Retail Sales...

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Earnings: Is That REALLY What’s Driving The DJIA Higher? The idea of earnings driving the broad stock market is a myth.

Posted by Haris Mala on Tuesday, November 3, 2009,

It’s corporate earnings season again, and everywhere you turn, analysts talk about the influence of earnings on the broad stock market:

  • US Stocks Surge On Data, 3Q Earnings From JPMorgan, Intel (Wall Street Journal)
  • Stocks Open Down on J&J Earnings (Washington Post)
  • European Stocks Surge; US Earnings Lift Mood (Wall Street Journal)

With so much emphasis on earnings, this may come as a shock: The idea of earnings driving the broad stock market is a myth.

When making a statement like that, you...


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Daily Forex Analysis – November 3, 2009

Posted by Haris Mala on Tuesday, November 3, 2009,


USDCHF Analysis.
USDCHF formed a trading range between 1.0148 and 1.0285. Pullback to 1.0100 to reach next short term cycle bottom on 4-hour chart could be seen in a couple of days. However, the price action from 1.0285 is more likely consolidation of uptrend from 1.0032, as long as 1.0032 support holds, we’d expect uptrend to resume and another rise towards 1.0400 is possible.

20091103_usdchf_1

USDCAD Analysis.
USDCAD stays in a rising price channel and remains in uptrend from 1.0206,...


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Forexpros.com Daily Analysis - 03/11/2009

Posted by Haris Mala on Tuesday, November 3, 2009,

Daily Forex Reports  |  Written by forexpros.com |  Tuesday, 03 November 2009 11:47 GMT
Forexpros Daily Analysis Nov 3, 2009

---

The Federal Open Market Committee (FOMC) decision on short term interest rate is due out tomorrow (Nov 4).

The decision on where to set interest rates depends mostly on growth outlook and inflation. The primary objective of the central bank is to achieve price stability. High interest rates attract fo...

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EUR/USD 1.4779 - 3 November 2009

Posted by Haris Mala on Tuesday, November 3, 2009,

Daily Forex Reports  |  Written by iFOREX.bg |  Tuesday, 03 November 2009 07:21 GMT
EUR/USD Open 1.4772 High 1.4840 Low 1.4682 Close 1.4770
After the ascending correction of the Euro/Dollar at the end of last week, the currency couple dropped first on Monday, as expected, reaching a bottom at 1.4682, than climbed up to the 1.4840 top, closing the day at 1.4770. On the 3 hour chart chart the Euro is in a critical phase, where quote...

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