BOE has just annouced their will not raise interest rates. Believe it or not ECB is just about to release their interest rate decision. Big FOREX news back to back! How do you trade this? Use simple support and resistance to identify a breakout and makret direction, then trade the next lower low or higher high. Don’t forget to protect your position on the first retracement… it has hugh potential for a reversal. But if you survive it, you will be rewarded. If you miss the first opportunity to trade, then just walk away. Once we get a move, the market will settle quickly because of NFP tomorrow. More reason to be careful today!
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