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EUR/USD: Trading Plan for the U.S. Session on October 30th (Analysis of Morning Trades)
In my morning forecast, I highlighted
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In my morning forecast, I highlighted the 1.0858 level as a decision point for market entry. Let us examine the 5-minute chart to analyze the developments. The price rose, formed a false breakout at that level, and created an excellent selling point, leading to a drop of nearly 30 points. The technical outlook was revised for the second half of the day.To Open Long Positions on EUR/USD:The euro's rise was directly linked to strong Eurozone GDP data, which exceeded economists'
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
EURUSD
Euro vs US Dollar
Summary
Buy
Urgency
1 day
Analytic
Maxim Magdalinin
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