After the FOMC statement--which was interpreted by the market as slightly hawkish--the EUR/USD dropped from it's maintained for weeks highs of 1.095. On Thursday's early European session technicals gave a signal of the downward movement to continue and thus we placed an order for a SHORT trade when price moves again below 1.088.
Nevertheless, the EUR/USD buying interest at the 1.088 level--which was briefly breached--brought the pair back up to its highs around 1.094. That movement which most li…
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