Hi Purposeful Traders. EURUSD is pullback to my estimation zone. I'm praying she can stay above $1.10000.
What does this mean in the real world? People who live in the United States are buying the EURO above $1.10000 at the moment. If price stays above this price they will be buying it for use at a higher price.
Why needs the EURO and Dollar Exchange?
- Tourists
-Import/Export businesses
-Banks
-Hedge Funds
-Insurance Companies
-Hospitals
-Online Businesses
-Etc.
Remember, you trading Forex is not just an online market you can profit from. You are trading real transactions.
Safe trading friends.
What does this mean in the real world? People who live in the United States are buying the EURO above $1.10000 at the moment. If price stays above this price they will be buying it for use at a higher price.
Why needs the EURO and Dollar Exchange?
- Tourists
-Import/Export businesses
-Banks
-Hedge Funds
-Insurance Companies
-Hospitals
-Online Businesses
-Etc.
Remember, you trading Forex is not just an online market you can profit from. You are trading real transactions.
Safe trading friends.