Life is what happens when you are making other plans

So said John Lennon. Foreign exchange moves are what happen when people are arguing about technicals and fundamentals. So said I. EUR/USD is at 1.3650 today and was at 1.3100 two weeks ago. Not much has changed in the meantime apart from the ECB lowering rates! Traders make money, analysts don’t. Markets trend, consolidate and retrace. Figure out which phase a market is in. Study the market closely and ascertain how much it is likely to move in either direction. Decide on a risk management strategy and get stuck in.