MARKET UPDATE 2

Hello

As it stands right now the markets are too far extended to consider a trade at the moment.  Most of the pairs made serious overnight moves and by the U.S. open the markets had moved so far and are so close to their respective support and resistance that counter trend moves should be expected.  Yes we can profit from counter trend moves but counter trend trades are much more risky.

However if I spot opportunities counter trend I will let you know...

One love, Jerry

Jerry@forextradingmajic.com