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The EUR/USD held steady Monday despite a large selloff in U.S. equities as the Euro appreciated against the Pound, offsetting the losses seen in the GBP/USD. The EUR/USD remained above our bottom-end support and uptrend line, an encouraging sign for the S&P futures. However, one would be mistakened to believe the EUR/USD won’t test near-term supports further if the S&P can’t get its act together. Fortunately for those long EUR/USD, the EU will not release much economic data in the next couple days, providing a breather as compared to the GBP/USD. On the other hand, the ECB will announce its rate decision on Thursday, which could be a cut of anywhere from 50-100 basis points. If the Euro can continue its appreciation against the Pound, the EUR/USD may find stability in the near-term. Although, the U.S. will not be light on economic data, providing the anything can happen scenario. We maintain support of 1.2562, with fresh 2nd tier resting at 1.2476. On the upside, our 1.2669 acts as strong resistance, with 2nd tier and top-end hanging at 1.2783 and 1.2892 respectively. The EUR/USD is presently exchanging at 1.2623.
i tot this thread is about fxopen is doing thier job or not...meaning is scam or not...& now...it become position trading thread.
funny yeah. or "someone" from fxopen is trying to get away from the topic with discussion of trade? try get back to the point pls. if scam do die to hell if not try defense urself & get back the dignity. PLS! TY
i tot this thread is about fxopen is doing thier job or not...meaning is scam or not...& now...it become position trading thread.
funny yeah. or "someone" from fxopen is trying to get away from the topic with discussion of trade? try get back to the point pls. if scam do die to hell if not try defense urself & get back the dignity. PLS! TY
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