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Profit taking ahead of the FOMC may give false hope to EURUSD longs

Discussion in 'Market News' started by ForexLive, Oct 26, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    EURUSD makes the case for a base at 1.1000 but caution is still needed for longs Traders are noting that the bounce in the euro from the open is down to some profit taking from shorts and that those profit takers are in with the bids this morning. and adding to those are some bids at 1.0970. There are also stops noted on a break of 1.0950

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