Morning Call by Traders University

Yesterday the FTSE 100 closed down 33 points (0.75%) at 4,405. The index is working its way up towards the upper resistance level around 4,500 and is gaining minor support from the 20ema. The Dow had a very indecisive day yesterday closing up just over 1 point. Forex news: After the continuing comeback of the dollar at the wake of the new week, the greenback stopped to rest. Also Tuesday doesn’t provide too many indicators, but two things will stand out: German Industrial Production and a speech by Timothy Geithner. No high news today.