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The Euro Moved Higher and Retested the 1.2060 Level Last Night
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By rosered44
The euro pressed higher last night and the buy order take profit target was hit.
The euro seemed to be building the short-term bottom between 1.1554 and 1.1660. Should the euro be able to break above the $1.1660 level, the main resistance from the current level would be 1.1690, and followed by another resistance at 1.1750. The 2nd trade of the week was opened last…
The euro continued to press higher today and the buy order opened on Friday right after the close of the previous buy position hitting the take-profit target also closed with a profit during the Asian session on Monday. We have had 3 profitable trades in a row since last Thursday. …
The euro continued its descent from yesterday’s failed attempt to break above the 2017 high of 1.2092. The euro is barely holding above the 1.2000 level currently. The market is now waiting for the FOMC Minutes of the December meeting. The Fed’s latest monetary policy announcement sent a dovish message…