Trading in the euro dollar at the moment is proving to be a difficult proposition, and unlikely to get any easier in the short term. After all, logic suggests that the euro should have have sold off against the dollar long ago, given the unrelenting and increasing pressure from Greece and the other so called PIGS. Nevertheless, the euro dollar continues to remain bullish,with many traders shorting the pair on the stream of bad news and anticipating a dramatic collapse, only to be caught out repeatedly as the pair rally once again. In this short video I explore some of the issues that you need to consider when trading in the euro dollar from a fundamental perspective following the Non Farm Payroll data of Friday.
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