The EURUSD Rocket!

Posted on Mi 11 Juli 2007 in Forex • 1 min read

  • Forex
  • Neural Nets
  • Trends tags: [] meta: _aioseop_keywords: Forex, Currency, Volatility, Euro, Dollar, High dsq_thread_id: '2769481870' author:

    What an exciting day for the EURUSD pair yesterday! Wow! The EURUSD blew through its old all-time high and peaked just below $1.38. I thought it was going to keep going!

    Despite all the crazy action in the EURUSD yesterday, this type of volatility is fairly common in the currency markets. The chances of a +0.8% daily move in the EURUSD is about 1 in 8. Conversely, the odds of a -0.7% move occurring daily is 1 in 13.  If you want volatility, trade the Forex markets.