Currency Trading with the Euro

198466 Resource 119247 120646 120646 1204292831008 1204292831008 Controlled Forex Trading Strategy: Is the Euro Overbought?

Records in currency trading not expected to last for the euro

While the euro is expected to continue to make steady gains against the US dollar in currency trading on the FX market, the recent gains may be overkill. Forex trading strategy should consider that the euro may be overbought right now, and that it may head lower in correction before it resumes its steady gains. <a href="http://www.bloomberg.com/apps/news?pid=20601083&sid=azqcuYP4gTpQ&refer=currency" target="_blank" title="forex trading, forex trading strategy, forex trading euro, currency trading, currency trading euro, FX market, US dollar currency trading" style="font-family: verdana,arial,helvetica,sans-serif;">Bloomberg reports on currency trading with the euro</a>: <div style="margin-left: 40px; font-style: italic; font-family: verdana,arial,helvetica,sans-serif;"> ``The euro has been overbought in such a short period,'' said Michiyoshi Kato, a senior vice president of currency sales in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second-largest publicly traded lender by assets. ``Recent gains are clearly overdone.''</div> 9 application/xml false currency trading currency trading euro forex trading forex trading euro forex trading strategy FX market US dollar currency trading Currency Trading with the Euro Forex trading with world currencies http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; PPC Mac OS X Mach-O; en-US; rv:1.8.1.12) Gecko/20080201 Firefox/2.0.0.12 127.0.0.1 127.0.0.1 mmarquit 66.182.71.18 false true false false true 119247 blog blogsite/GFTForex/web