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.
Labels: EUR/USD, Euro, Federal Reserve, Inflation, Interest Rates
1 Comments:
Good trading opportunities in last two days for EUR/USD and almost every currency pair shorting the green back…....very interesting blog….
Post a Comment
<< Home