Early Week Consolidation in the EUR/USD
By Jerry Simmons   
November 03, 2011

In today's pre-market prep, we take a look at the EUR/USD market. After a recent breakout in this market, we have since settled into a consolidation over the past few days. In order to continue the uptrend that we had been seeing, this market will need to close above its resistance area below its previous breakout high.



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Futures, options, and spot currency trading have large potential risk and traders should be well-educated before putting real money at risk. You must be aware of the risks and willing to accept them in order to invest in all markets. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. This website is neither a solicitation nor an offer to buy/sell a futures contract or currency.