Where the EUR/USD is Likely Headed...
I think that the vast majority of the market participants are going to be surprised tomorrow when the Fed speaks very little about any extra tapering. It would seem a done deal today with the Turkish central bank raising its interest rate 450 base points. Once again a market surprise. I had posted a trade on this on my other blog and how I would short the EUR/TKY. If anyone took it is was a whopper of a nice trade. Tomorrow I suspect the EUR/USD is going to make a stab at the stops above the 1.3737 area and may move slightly higher. Check the video to see my thoughts.
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