EUR/USD Prime Target for Scalpers During Holiday Trading

February 23, 2010 by  

The Euro has started to regain its footing after giving up nearly 1000 pips against the dollar. The upcoming Holiday season generally brings about low volume and subdued price action which makes most pairs scalping targets. However, the EUR/USD is the most traded pair which makes it the best choice based on its high liquidity which generates the lowest spreads. A staunch support level below adds to its attractiveness as it limits downside risks.

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EUR/USD Prime Target for Scalpers During Holiday Trading

From DailyFX:

The Euro has started to regain its footing after giving up nearly 1000 pips against the dollar. The upcoming Holiday season generally brings about low volume and subdued price action which makes most pairs scalping targets. However, the EUR/USD is the most traded pair which makes it the best choice based on its high liquidity which generates the lowest spreads. A staunch support level below adds to its attractiveness as it limits downside risks.

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EUR/USD Prime Target for Scalpers During Holiday Trading

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