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EUR/USD: Tips for Beginner Traders on May 21st (US Session)
Trade Review and Trading Tips for
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Trade Review and Trading Tips for the EuroThe price test at 1.1617 occurred at a moment when the MACD indicator was just beginning to move downward from the zero line, which confirmed a valid entry point for selling the euro. As a result, the pair declined by only 20 points.Weak eurozone PMI data put pressure on the euro, which buyers managed to absorb confidently. The eurozone Manufacturing PMI declined, as did activity in the services sector. This may indicate a
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Jakub Novak,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Pavel Vlasov
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