EUR/USD was trading ina range between around 1.4350 and 1.4520 during the last 5 days, dismissing bad news regarding the Eurozone's debt crisis. Moody’s downgraded Ireland once again. The forex market didn't even budge. German Finance Minister W. Schaeuble retreated from his comments on the imminence of a Greek default, however we can readily see that a default of Greece is quite possible and very probable indeed. EUR/USD finished off at 1.4425 for the week.
other forex info
What is forex? The forex market is where one currency is traded for another. It is the largest market in the world, not only in Dubai. You could try following some bloggers' forex trading plan (at your own peril), or set up your own forex blog to better learn forex. That way, you can at least take note of the reasons for taking specific trades, what forex chart patterns they are looking at, and get some valuable forex tips from them. Don't forget about calculating the support and resistance area for the forex pairs you're following by using a Fibonacci calculator. This will help you immensely in your trading as most speculators will be looking at the same price levels, and you could possibly predict the moves of currency pairs.
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