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Level and Target Adjustments for the U.S. Session – May 21st
Today, trades in the euro and
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Today, trades in the euro and the pound were executed using the Mean Reversion strategy. I did not trade using the Momentum strategy.Today's preliminary eurozone PMI data for May came in mixed. Similar reports from the UK were also disappointing. The eurozone Manufacturing PMI declined to 51.4 from April's 52.2, falling short of the market forecast of 51.8. Formally, the sector remains in expansion territory, but the trend is becoming concerning. The UK Manufacturing PMI held steady at April's level
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Maxim Magdalinin
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