The Euro Comes Tumbling Down
Everybody loves to celebrate their winning trades, and I'm as guilty of that as anyone. However, we have to take responsibility for our losing trades as well. Yesterday's release of minutes from the most recent Federal Reserve meeting, and the dollar rally that ensued, took out the stop on my euro trade, which I had entered on Feb. 4.
Immediately after the Fed minutes were released, the euro came crashing through its trendline and its 50-day moving average. The plunge continued this morning, as the euro fell again with the release of the German flash manufacturing Purchasing Managers Index. The last layer of support was broken, and the trade was closed....432 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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