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Euro/US Dollar Has Rising Around 200 Pips

EUR/USD finds 1.1.4390/1.4400 zone as strong resistance

After rising from 1.4350 in the early Asian session to hit intra-day high at 1.4395, MA200 hourly chart, the EUR/USD has been trading in a narrow range between 1.4370 and 1.4395, just below 1.4400 level. Currently the pair is trading around 1.4380, 0.5% below today's opening price action at 1.4390.

EUR/USD has opened today's session with gains after two positive weeks and the pair has rising around 200 pips from December 22 low at 1.4215 to reach 1.4415 on December 24. Currently the pair is trading in consolidation mode below MA200 periods in hourly chart.

“EURUSD has formed a low trading range between support at 1.4246 and resistance at 1.4396. A breakout of resistance barrier can initiate a major trend reversal. Above resistance, bears are in danger. However, while 1.4396 price level stays active, bears are looking for another rebound back to support barrier.”

What Is Currency Futures Contracts

Currency futures contracts (called IMM contracts or international monetary market futures) were created at the Chicago Mercantile Exchange in 1972.

These contracts were created for the market professionals, who at that time, accounted for 99% of the volume generated in the currency markets.

While some intrepid individuals did speculate in currency futures, highly trained specialists dominated the pits.

Rather than becoming a hub for global currency transactions, currency futures became more of a sideshow (relative to the cash markets) for hedgers and arbitragers on the prowl for small, momentary anomalies between cash and futures currency prices.

In what appears to be a permanent rather than cyclical change, fewer and fewer of these arbitrage windows are opening these days. And, when they do, they are immediately slammed shut by a swarm of professional dealers.

These changes have significantly reduced the number of currency futures professionals, closed the window further on foreign exchange vs. futures arbitrage opportunities and so far, have paved the way to more orderly markets. And while a more level playing field is poison to the P&L of a currency futures trader, it's been the pathway out of the maze for individuals trading in the forex markets.

FX Trading Education With Forexgen

Many Americans interested in access to participation in trade in currencies. Before we do this, you must obtain currency trading education. You should never engage in currency trading Forex without education. Forex Trading with the proper education, you can be on your way to profit-taking salary.

First you need to understand what is the trade currencies. Forex short of foreign exchange. Forex trading is one of the one country currency exchange currency of other countries. Thus, the right sometimes, you can obtain a profit. A Forex education can teach you how to do so.

The first part of the trade exchange and education to know the background of the market. Foreign exchange market is always changing. Forex Trading with education, will learn how to monitor these changes to be useful to you.

The next part of the trade exchange your education is to learn more about controlling the risks and risk management. You learn to control yourself and not to invest in the excitement of the opportunity to earn money.

You can also learn how to reduce your losses (how to exit trades before losing your losses exceed your limits). I always lose money when it first started trading currencies. This part of your currency trading education is absolutely crucial to whether you will make large or ends in a pit.