EURUSD TRADING HAS BEEN CONFINED TO A NARROW BAND




The boundary of the European is about to expand to 17 nations while its main security is just walling between 12900 and 12700 since June 2006, and up to date (Sep 2006).

Such squeezing market is at high risk as we are approaching the end of the year where books squaring and thin markets are likely to exacerbate moves.

Traders may have been given up such currency with that confined levels within those 4 months, and the more this is valid, the more the likelihood a big move is on the run in Q4.









This is the type of the trade that will have a non-stop trending routing till mid January 2007. Beware not falling in the concept false breakout, as there won’t be any. Narrow stop-losses will eat well the trading accounts, as movements will be tiny & slow pace. Your trade will run well if you are positive by 12 November.




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