It seems that traders of both ilks, bulls and bears, are lacking commitment to the cause and are unwilling to sit on positions for any length of time. This is typical of the type of trading we usually get in July and August. The falls of this morning have been reversed and both the EUR/USD and the AUD/USD are putting in session highs as we approah the London open. Almost an exact carbon copy of yesterday’s trade.
AUD, EUR bounce straight back to opening levels
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