Tuesday, October 30, 2007

The market holds its breath

Before FOMC decision the mkt is in an extremely tight range. I missed todays earlier GBP/JPY trades so I caught a late trade on EURUSD short however the mkt seems stuck. Not ranging to the downside at all so far in the US session. Low volatility could bring this trade into a loss. Or if volatility should pick up, after FOMC EURUSD should find time for a pullback for exit.

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