Forex comentary

Hello everyone,  in today's session investors are waiting to hear what Mr Trichet has to say, around 2:00 pm start  the meeting at the ECB, most analyst think that interest rates are not going to be moved because they have more options to choose from to relax the markets and give some confidence.

Today's investing opportunity comes with silver and continuous drops in the Canadian dollar.

Lets star saying that prices were refused at the base of the channel confirming strong supports there, fir target is around 43.30 if confirmation is seen withing the next couple of days or today probably, for this scenario i will spect to see a white candle closing above yesterdays maximum, in contrary, if prices fall under support area, next support will be around 38.70 zone.

Happy Trading