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18.02.2020 10:26 AM
Trader's Diary: EUR/USD on 02/18/2020, Trend down

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Above is the daily chart of EUR / USD.

As you can see, for the third trading day, the euro is marking a bit above the level of 1.0800.

Perhaps we are dealing with the reception of large players, which I would call "freezing" when seeing the inevitable movement. But at the same time undesirable for large players, the movement is kept for a long time in the range in the expectation that traders get tired of holding positions and will to consolidate, thereby creating a reverse movement.

Do not wait, ladies and gentlemen. For those who survived the trend could only make it after a year and a half - do not buy this trick.

We are waiting for a break down 1.0800 and movement to 1.0600.

We keep sales from 1.0990 (stop at breakeven).

Sell with bounces to the top from 1.0880 and above.

Jozef Kovach,
Analytical expert of InstaForex
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