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Forex Analysis & Reviews: EUR/USD: will it rise or go down?
time 05.12.2022 09:33 AM
time Relevance up to, 06.12.2022 08:34 AM

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EUR/USD

There was an attempted drop in the market the previous week because of the strong US jobs report, but it was bought out like the decline in the US market. Thus, euro opened the week higher, although there is not much expectation for a strong rise from the current levels.

Traders better sell from 1.0580, with stop loss at 1.0640. In the case of growth to 1.0640, sell with an increased volume and stop at 1.0710.

Euro can also be sold from 1.0580.

Good luck!

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2023
EURUSD
Euro vs US Dollar
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