This is the 3rd time in the past 2 months that prices on the EURUSD have been this low. Prices dipped to the 1.2896 level at the beginning of the year so we have a way to go if in fact that becomes a level of support. They actually were lower at the end of 2010. As you know if you understand momentum in the market and how to trade RSI Reversals, there is risk in the market and will continue to be until something more than feigned European optimism enters the markets. From my viewpoint based on my reading and research the world has nothing more to offer Europe than band-aids. The people who could inflate the market with money are not going to do it because they know that this will hasten their own demise. So one thing I have forewarned regarding your trading accounts is to keep them slim. Your money is at risk regardless of where it is. One of the best methods of trading is to trade off a balance with high income trades then remove those winnings weekly leaving a fixed balanced. The only thing at risk is the balance.

If you are thinking of learning to trade currencies; this is a good time to start but not a good time to put money at risk. My suggestion is that you use this time to educate yourself and trade a demo account until more stability comes to the market. If you are trading to create income, there are better ways to do that and use your trading to add passive income. He mail me if you have specific questions.

Here is an active trade started on Friday using The Dow Trade method and turning it into a long term profit. At the moment is is up 153 pips.

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