Forexpros.com Daily Analysis - 14/06/2010

[forexpros]

ForexPros Daily Analysis June 14, 2010


Free webinar on ForexPros - Simple Chart Pattern Trading

Expert: Kellie Durazo, Fx V-room
When: Wed, June 30, 2010, 10:00 a.m. EST

Remember learning patterns in elementary school and how easy they were to figure out? We can use this same technique to interpret different types of patterns on your technical Forex charts to identify possible trading set ups in the market, the easy way. During this webinar, Kellie Durazo will review many different types of chart patterns that will enhance your technical analysis and give you more trading opportunities for profit in the fx market.



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Fundamental Analysis: German ZEW Economic Sentiment

European traders await the publication of the German ZEW Economic Sentiment. It determines the sentiment of German institutional investors. Above 0 indicates optimism while below 0 indicates pessimism. It's a leading indicator of business conditions. The reading is concluded from survey of about 350 German institutional investors and analysts. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. Analysts predict a future reading of 48.70.

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[color=black]The Euro broke the resistance 1.2127 which we said that it