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Arguably one of the trades of this year (besides buying gold and silver) was longing EURUSD. The major forex pair rose from below 1.07 to a staggering 1.1780 yesterday – more than a thousand pips in three months.
The EURUSD posted seven consecutive daily higher highs in a row yesterday. Judging by how inflation leads the EURUSD exchange rate, the pair seems poised to break above 1.20 – a level considered impossible to reach at…
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