This support resistance is very significant; price fails GBPUSD met a very important price level. This level at 1.71 is a very long term support resistance level that goes back at least two decades. It is very similar to a situation that USDJPY found itself
Long the strongest short the weakest If you are just learning to trade forex and you don’t know which currency pair to trade, this is a fairly simple method to help you: go long the strongest currency while concurrently going short the weakest. It is a
I tweeted on EURUSD on 16 Jul 2014, stating that I was bearish on EURUSD. This is a 50-60 pips profit trade, AGAIN! #tflow wk29/3 $eurusd below 13565 see towards low of 135ish…more levels in protective blog post :P — TerraSeeds FX Tflow® (@terraseeds)
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HKMA continues intervention in currency markets to weaken Hong Kong Dollar. There is some relief today as USDHKD rises 1st time in 8 days.