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The Euro Moved Higher and Retested the 1.2060 Level Last Night
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By rosered44
The euro pressed higher last night and the buy order take profit target was hit.
The pound is enjoying a wild ride today. First, it moved lower on headlines regarding a statement, and then it had been surging since the initial dive. It fell to as low as 1.2516 after the statement, a whopping 80-pip drop. The UK PM May has surprised the nation with…
The euro continued its descent from yesterday’s failed attempt to break above the 2017 high of 1.2092. The euro is barely holding above the 1.2000 level currently. The market is now waiting for the FOMC Minutes of the December meeting. The Fed’s latest monetary policy announcement sent a dovish message…
The euro continued to fall on Friday after the ECB’s dovish comment on Thursday, and traders were convinced that interest rates in the U.S. would rise faster than in Europe. Traders were taken by surprise by the degree how dovish the ECB was in terms of the monetary policies. The…