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How to Trade the EUR/USD Currency Pair on May 1? Simple Tips and Trade Analysis for Beginners
Trade Analysis for Thursday:1H Chart of
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Trade Analysis for Thursday:1H Chart of the EUR/USD PairThe EUR/USD currency pair showed an upward movement throughout Thursday, but on the hourly timeframe, it is clear it cannot be considered strong. The pair failed to break through the level of 1.1666, bounced back, and spent almost the entire day in a rather subdued upward trend, despite two central bank meetings and a host of important macroeconomic reports. Notably, the most significant reports on GDP from the US and the European
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Paolo Greco,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
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Stanislav Polyanskiy
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