ForexSpirit

Tuesday and Wednesday were very quiet, with a gentle trend downwards.  Then we had the FOMC interest rate announcement today; the expected 25 basis points, along with a slightly dove-ish statement.  Euro took off like a rocket.

Since we moved the grid down to 124 - 1.28 a few days ago, I entered a two lot entry as things started to take off.

I placed a profit target of 30 pips for my earlier (as in two week old) three lot position, which got hit this evening.

The interest rate differential certainly took its toll on this trade result, wiping almost $16 off the gross profit of the trade.