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EUR/USD +100 Pips Profit and EUR/JPY Missed Target

In today's blog post I'll be talking about my latest trades that I took during the FOMC Statement. Both of this trade where based on the fundamental reaction on the news. If you have read my previous analysis about the FOMC statement you would have known that when it comes to market reaction I wasn't sure how it will react. So in that regard I didn't had any position left during the FOMC and I was waiting to see how the market react before to decide how I would have trade it.
Figure 1. EUR/USD
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EUR/USD Tapering Effect

I've posted this chart and analysis of EUR/USD on my linkedin page last week just before the FOMC statement and I would like top post that analysis here as well as this chart as been a great map for those how traded EUR/USD this year.
This is the final update of the famous EUR/USD tapering effect chart which has been providing a great map to trade EUR/USD over the last few months. Last time I spoke about it was here: …
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Forex Weekly Outlook December 16-20

Probably the most awaited event for the next week is the FOMC statement, and this week is full of important economic data coming from both US and EU ahead of the new year.
This week we had the last EU summit of the year with the main focus on the banking union. Still, this is a long process and currently we have just a draft signed by the EU finance ministers. Also the Market Manufacturing PMI numbers which, measure the business conditions in the manufacturing sector, are about to to increase fu…
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