New EUR/USD Video - 03 March 2010

You may recall that I discussed the EUR/USD pair a few days ago on this blog, and talked about why I think this pair may have reached a bottom based on the long-term chart. Well Adam Hewison (founder of the Marketclub trading service) seems to agree with me because he has just released a new video in which he highlights the various fibonacci retracement levels, and shows why the price is more likely to rise than fall from this point onwards.

The video is only four minutes long and as always with Adam's videos, is very educational. It highlights some of the points I made the other day and makes some very good points.