This midday there was the Unemployment Claims news from the USA. There was strength in the markets before the news in favor for the Greenback. This pushed the EUR/USD trading pair lower. When the news passed the market returned to normal behavior. The EUR/USD arrived at some decent support level. Intraday this was a good opportunity to buy the Euro against the Dollar. I went in with 2 trades for an exact target of 35 Easy pips. There was even a possibility for the trade to go even higher, up to the weekly pivotpoint, but I did not wait for that. My take profit was set and the trades were both automatically booked as pure profit into my Live account.
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Wilco van Boxtel is Chief Currency Trader & Mentor at TradeReact. He has over 17+ years trading experience since 1998. Besides currencies he knows many other markets and assets. Now he is here to educate and inspire you to be successfull in trading too. Subscribe and follow his lead.