EURUSD BREAKEVEN

EURUSD BREAKEVEN
16th September 2016 contacttf
If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have.

EURUSD bounced off support. The round number 1.12200 was a key factor to get in.

The trade ran up nicely until 1.12291, but then started to coil.

I decided to breakeven, because of the rigid cloud and slow movement.  I was keeping an eye out for potential resistance at 1.12300 aswell.

The foreign exchange market, which is usually known as “forex” or “FX,” is the largest financial market in the world. Compared to the measly $22.4 billion per day volume of the New York Stock Exchange (NYSE), the foreign exchange market looks absolutely ginormous with its $5.3 TRILLION a day trade volume.

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