Update 05 Feb: Well, I expected the euro to drop back from 1.4000, and it didn’t disappoint. We have had an excellent 8 days trading the euro, but it’s best to hang up the keyboard today, as it’s NFP Friday. If you MUST trade today, perhaps wait until 9AM Eastern before evaluating the impact of the news. Note that 1.3685 – 1.3650 is key support, formed by two 100% Fib extensions, and presents the best opportunity to BUY the euro if you are going to trade.
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