FOREX New York Session Video December 13, 200

Starting from the M3 pivot point at the open of today's London session, the EUR/USD had already reached M2 when U.S. PPI and retail sales news was released during the first hour of today's New York session. Although both reports were dollar positive, the euro seemed initially reluctant to respond. Traders who remained patient and disciplined eventually saw their efforts bear fruit. Those who held the trade after recognizing that momentum had kicked into high gear, then took profit at the S2 pivot point, walked away with more than 60 pips.