Wednesday 1 May 2013

false information from Goldman Sachs a chance to buy EUR/USD

hello traders,

April 25, during the day there was news that Goldman Sachs expects a reduction of interest rates by the ECB in the coming days. (3060-3010)

After the publication of information, appeared a large number of orders to buy the dollar (EUR/USD short) what helped "to pack" the Smart Money in the long position. euro dropped from 3060 to 3010.

Today, we have a 1st May, high price is 3240 (profit of Smart Money around 2 figures)

Current technical analysis of EUR/USD and other currency pairs will appear in the near future.

best,
oscarjp
                 

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