Saturday, July 30, 2011

EU rallies for 150+ pips after U.S GDP data

The Euro bulls has once again pushed ahead of the USD after very bad GDP data of 1.3%, way below the initial forecast of 1.9%. Luckily I was home on time and able to catch up on the news 5 minutes prior to release and enter right after the data was out at 1.4356. It was a pity I lock my profits after 120 pips while disgustingly watching the euro climb past the 1.44 mark before heading back to the 1.4380/90 area. Some scalping of shorts and longs made my total pip collection tonight standing at +147. What a great day and will be looking forward to next week.

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