June 11, 2008

Taking 30 pip profit in 90 minutes

EURUSD closed at 1.5494 automatically just 2 minutes before the French CPI report, making 30 pip profit. The CPI show 0.5 % increase in May, 0.1 more than expected. As always, I didn't bet on the data itself but on its primary effects on the market's sentiment.

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