Hey!
Does anyone know where can I read about sessions trading? What I mean is correlation between sessions.
Is it true that for EURUSD, European session is often opposite to previous Asian and Asian is opposite to previous New York session?
What do you think?
Run an online search with that phrase and you should find what you are looking for.
Each of these trading sessions are driven by the economies that are active and so each session has unique characteristics to them.When Europe’s businesses are open, then the euro is likely to be traded in higher volume, due to businesses in Europe trading with companies in other countries. At night, when their businesses are closed, they do not trade with other businesses outside of Europe and the trading activity of the euro is going to be lower.