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19.11.2021 11:28 AM
Trading tips for EUR/USD

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EUR/USD bounced back after a strong weekly decline.

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And since there are three wave patterns in the pair (ABC) where wave A represents the buying pressure observed yesterday, traders can take long positions up to the 50% retracement level of 1.13150. Stop loss could be set at 1,12700, and take profit on the breakdown of 1.13900-1.14000.

This analysis is based on the Price Action and Stop Hunting strategies.

Good luck and have a nice day!

Andrey Shevchenko,
Analytical expert of InstaForex
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