In our opinion the following forex trading positions are justified - summary:

EUR/USD: short (stop-loss order at 1.1363; initial downside target at 1.0462)
GBP/USD: none
USD/JPY: none
USD/CAD: none
USD/CHF: none
AUD/USD: none

Today’s Forex Trading Alert is going to be very short as there were generally no changes in the currency markets. We are ahead of hearing comments from the Fed and perhaps the price moves that follow it, will change the landscape (and we will have much more to comment on in tomorrow’s alert), but that doesn’t seem very likely at this time and there are no changes so far. We are and will continue to monitor the market and will report to you once we see any new developments.

Thank you.

Nadia Simmons
Forex & Oil Trading Strategist
Przemyslaw Radomski, CFA
Founder, Editor-in-chief

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