FED Cuts Rates – Euro Pairs Move Higher – Coronavirus Forex Trading
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I didn’t think I’d find any opportunities today as the market looked very sideways. The FED announced an emergency interest rate cut which electrified the market and brought the euro pairs to life. After the news broke, I was able to take advantage of the volatility by using the D1 system to identify a profitable risk/reward setup on my favorite pair of the month, EurCad.
As the coronavirus continues to be the talk of the town, I still don’t buy all the hype. I think the rate cut was a bit aggressive…or maybe there are other agendas at play.
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