Analysis

A Shift in Mentality for FX Traders

When you look at the price action since the weekly open, it might be deceptive, with the Euro having just rallied to a fresh 2017 high, but also tracking lower on the week. Of course, this is because the gap open on Monday, to the tune of about 200 points, which makes the price action much easier to reconcile.

Five day performance v. US dollar

 

Download The Full Global FX Insights

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.