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11.05.2020: Forex Analysis & Reviews: Euro and pound to extend gains.

Signals for the EUR/USD pair:

If the pair breaks through at 1.0873, the euro is likely to rise to 1.0923 and 1.0972.

A breakthrough at 1.0819 can lead to a sell-off of the euro at 1.0771 and 1.0728.

Signals for the GBP/USD pair:

If the pair breaks through at 1.2463, the British pound can grow to 1.2508 and 1.2557.

A breakthrough at 1.2401 is likely to lead to a sell-off of the British pound at 1.2358 and 1.2305.

Fundamental data:

  • Industrial production growth in Italy

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
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