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Finally a little EUR/USD action! I was about to fall asleep...

So I've been sitting on a long EUR/USD trade all week getting more bored by the minute, and finally today the pair exploded upward through my limit order following the Federal Reserve's decision to keep US interest rates at 5.25%, based the weak US economic indicators and continuing inflationary pressures. The US stock markets are way up today as well, with the Dow Jones up over 1% at the moment.

Here's a picture of today's EUR/USD action from my daily charts, a dramatic contrast with the range-bound meanderings of the past several days.

And to think I was about to post about how bored I am with forex these days. Well, it's moments like these that keep it interesting. Now let's see if the market goes back to its tedious ping-pong match across a 50 pip range for the rest of the week. (Note to self: stop jinxing your trades by mocking the market.)

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1 Comments:

At 5:56 AM, Anonymous Lionbrokers said...

Good trading opportunities in last two days for EUR/USD and almost every currency pair shorting the green back…....very interesting blog….

 

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