A great number of tourists in Europe during Christmas holidays may support European currencies
Trend is your friend, trade with the trend. This principle of technical analysis is learnt by any trader. However, the smallest EUR/USD trading range since the euro appeared, greatly interferes with the forex exchange forecasts. Who could expect that, following its great performance in October, the single European currency will start trading down steadily? My forecast for November suggesting the euro-dollar consolidation in the range of 1.104-1.135 is failing to meet the reality, but everything could be much worse. In general, trades employing statistical analysis complemented with fundamental factors may…
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