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Daily Currency Strength and Weakness Analysis
EUR is the strongest currency, strengthening again after its weakness.
JPY is the weakest currency, falling into weakness yesterday.
Ideal Currency Pairs seem to be:
EURJPY (Long), EURGBP (Long), EURAUD (Long), AUDCHF (Short), CHFJPY (Long), GBPCHF (Short) and USDGBP (Long)
Traders Note, the market never runs in a straight line. The pull-backs almost seem to be like breaths they take to continue in their directions. But sometimes it is not a breath to continue but to change direction and this is where the risk and emotions tend to bounce us all over the place…If you trade with a low trading volume these breaths don’t affect you so badly. So do your money management and the correct position sizing!
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