Thursday, May 8, 2008

EURUSD

EURUSD
At 7:45 a.m. we will have European Interest Rate statement. it is expected they will keep the rates unchanged. Most likely it will be a no trade.
BUY
If they hike the rates, it would be a buy signal on EUR/USD, for 70 pips.
SELL
If they cut the rates, it would be a sell signal on EUR/USD, for 70 pips .

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