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The Euro Is Unstoppable Today and Challenging the Tough 1.2160 Now
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By rosered44
The euro continued to press higher today and the buy order opened earlier today during the European session closed with a profit.
The euro has drifted lower since the European session today and tomorrow brings the Federal Reserve rate decision. The EUR/USD moved higher after the U.S. job data on Friday. The upward move lost steam once it reached 1.18. It began to drift lower in the late U.S. session yesterday. During…
The euro’s attempt to rebound from 1.2313 was an exercise in futility. The euro found support at around 1.2313 yesterday, but the recovery stalled at 1.24. Currently, it’s back at around 1.2320 to retest the support level. The U.S. dollar’s support came from the rumors in the market that there might…
1 trade has been closed since the last update. It was a loss. The total realized loss is $222. Last week, we ended at $1071 in profit minus interests and fees. After the loss this week, that brings our total net profit to $849 minus interests and fees. The strategy…