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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 seesawed today and briefly traded near 1.1950 after the U.S. inflation numbers missed the expectation in April. The euro’s short lived strength against the U.S. dollar was caused by the weaker than expected U.S. CPI data. After briefly touched 1.1940, the euro reversed its course and headed down…
5 trades have been closed since the last update. 2 out of 5 were profitable. The total realized profit is $444. Last week, we ended at $483 in losses minus interests and fees. After the profit this week, that brings our total net loss to $39 minus interests and fees….
The euro is trading up at around $1.1760 against the U.S. dollar after the US inflation rose at a somewhat disappointing 2.2% pace over the year. The U.S. central bank is widely expected to raise the rate by 0.25% this afternoon. What’s more important is what it will say it’s…