The EUR/USD pair has busted through the 1.4250 level with a vengeance today, confirming a hammer formed yesterday. This is a break of the largest trend line that the pair has seen in a long time. The ECB has a rate increase coming tomorrow, and traders will be watching for any signs of further hikes in the statement. Shorting this pair can’t be done until we break below 1.40, which is a ways below here.
Originally posted here
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