I hope you are having another great start to a fresh week of trading.
Although prices appeared reluctant to break out of their tight consolidated ranges, the technical picture continues to point toward a long US dollar bias, with the EUR/USD sliding lower upon the break of a bearish flag setup, and the USD/JPY surging higher in trend continuation. We have been in short/sell position in EUR/USD for the past few trading sessions, and it was approaching our Take Profit target at 1.1209 during the webinar.
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Marvin Perry has been an active trader within the Forex market since 2010. He attended the University of Illinois in Urbana/Champaign, and graduated in 2002 with a double major in Cell and Structural Biology and Chemistry. He currently serves as an FX instructor & Quantitative Analyst for the Forex Anatomy Private Trading Community called "The Lab", where he conducts live weekly trading webinars & instruction on Fundamental Analysis & Inter-Market Interpretations of dynamic asset classes and their influence on currencies.