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EXACT TRADING FX Trading News and Early Morning Review |
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EUR/USD topping out as price hits strong resistance
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| Draghi was always looking for a lower EURO and since his final policy statement price has moved to the upside. Yesterday the US cut by 25 basis points which most observers thought was not enough.
In the cold light of morning the hard facts show there is a positive reason for being LONG $ due the interest rate differential which is still large. |
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| Don't forget to pick up the FOREX UNCENSORED PRICE ACTION TRADING COURSE which includes the bank levels I use for my own trading. |
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