AvaTrader is a state of the art trading platform that can be customized to any trader’s preferences and requirements. The trading platform AvaTrader is a seamless solution to trade Forex (Foreign Currency Exchange). The software receives feeds with live streaming prices updated few times each second, allowing the trader to take advantage of those capabilities.
As expected, technical graphs and levels be the guiding principle behind EURUSD price action last week rise and fall from 1.59-1.60 to 1.55. ForexCult's target of 1.60 was a hit in the mid-week and for short term dealers it was a successful one, followed soon after by a sharp breakdown past trend line support, Again, as we had speculated here on numerous occasions, the run to 1.60 owed more to momentum than underlying fundamental outlook. Having touched the psychological level being aimed at, EUR bulls gave up, same happened with the AUD which will probably will rise up again in the next coming weeks.
Our speculation for the major currencies as for the moment:
12:23
Posted on Apr-29-2008
