Today’s message about the Forex Trading Alerts is going to be short as Nadia Simmons is not in the position to write the regular issue in full today. Still, she is keeping an eye on market developments, and has sent in the following summary.

The ECB-induced upswing in EUR/USD has evaporated, and the pair is again approaching the upper border of the green consolidation shown in yesterday's Alert chart. Today's close will reveal what kind of support the daily indicators will provide to the bulls, yet the price action doesn't attest to any signs of the their strength. No position is therefore justified from the risk-reward perspective. AUD/USD downswing continues unabated, making our short position even more profitable. The daily indicators keep supporting the move lower, our downside target has been reached, and the short position remains justified. Apart from these, there're no other opportunities worth acting upon in the currencies. As always, we'll keep you - our subscribers - informed.

Thank you.

Nadia Simmons
Forex & Oil Trading Strategist