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Level and Target Adjustments for the U.S. Session – June 8th
Today, the euro, the British pound,
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Today, the euro, the British pound, and the Canadian dollar were traded using the Mean Reversion strategy. I did not execute any trades based on the Momentum strategy.The sharp decline in German industrial orders put pressure on the euro during the first half of the day, as it provided further evidence of a slowdown in the European economy, which had already been showing signs of weakness. A contraction in industrial production, especially in a key economy such as Germany, inevitably
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Miroslaw Bawulski,
Analytical expert of InstaForex
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Maxim Magdalinin
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