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Buying Interest in the EUR/USD

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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Market Quiet Before FOMC Statement

Relative quite in the market today, before the FOMC statement and the FED funds rate announcements scheduled for later today. The EUR/USD is in need of a correction, but technicals are mixed with an almost incomprehensible--based on sustained high levels--LONG bias.
Nevertheless, it is not clear whether the market awaits the FED news to move clearly in a direction or the final result of the French elections at the end of the week. As far as trading goes it might be tempting to enter a trade tomo…
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