EUR/USD Continues Struggle on FX Market
November 18, 2008
Euro remains weak in forex tradingEUR/USD continues its rangebound struggle on the FX market today. The euro has periodically been attempting to rally in forex trading against the greenback, but it just hasn’t been working.
However, the U.S. dollar, in its turn, has been experiencing difficulty showing solid strength in FX trading as well. EUR/USD just appears to be stuck for now, waiting to see where the affected economies will go in the next couple of weeks.
FX Street offers this advice for dealing with EUR/USD on the FX market:
Big picture remains the same and best long strategy is to go on holiday, for the short term – just relax. There is nothing what would suggest some opportunity to make some profit, all actions would lead to 50/50.
See Also
- Euro in Forex Trading
EUR/USD on the FX market
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