Forex Strategy: Holding Short EUR/USD Into FOMC Rate Decision

Ilya Spivak

Wed, Dec 12, 2012, 6:01 AM

My short EURUSD entry order at 1.2978 has been triggered and I will carry the trade into today's FOMC rate decision, seeing the possibility that Ben Bernanke and company will disappoint dovish expectations. I am initially targeting 1.2830, with a stop-loss set to trigger on a daily close above 1.3126.

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Forex Strategy: Holding Short EUR/USD Into FOMC Rate Decision

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