When you trade US Based pairs (anything tagged to the dollar) it's important to be mindful of news and what price the DXY is trading between.
EURUSD has been shorting hard because the DXY (dollar) has been at an all time high.
With the bad inflation news that just recently came out, the dollar immediately fell off a cliff causing all US Base pair to experience a correction in the markets.
This is nothing to get worried about.
When we know when and why these things happen in the FOREX market we can better capitalize on these moves for huge profits.
Happy Trading Family!
EURUSD has been shorting hard because the DXY (dollar) has been at an all time high.
With the bad inflation news that just recently came out, the dollar immediately fell off a cliff causing all US Base pair to experience a correction in the markets.
This is nothing to get worried about.
When we know when and why these things happen in the FOREX market we can better capitalize on these moves for huge profits.
Happy Trading Family!