Dynamic Trader Forex Blog FXCPS.co.uk: EUR glad you read this

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : DAY Chart (Posted Below)

Hello traders, before we start I would like to welcome Zaheer as the latest person to join the group of us updating the blogs. Zaheer will be doing his updates from www.http://www.fxcps.eu

Those following the blog today would have had the chance of over 100 pips of profit. I have taken the day chart and placed a trend channel of which price has remained inside these guides.

I have also drawn the support of a previous low, which would be our short term goal, and would give us a target and double bottom if correct.

I have confirmed this by placing the MOB on the chart from the low of wave 3. The MOB is sitting just above the support line adding a confluence to the previous point.

The other key issue is we are currently going WITH the trend, and we should be looking to record the next lower low.

Lets see where tomorrow takes us.