EUR/USD opened the week below 1.3600. Despite non-stop bearish news for the EUR and moderately positive news for the USD, the EUR/USD rate has risen by over 2%. Go figure!
It reiterates again that the most important factor in FX market trading is the rate. Knowing the trend is well and good, but if you can’t enter and exit the market at the correct levels then trading is very hard work indeed. Those who jumped onto the bear EUR/USD train this week will be learning this to their cost.
