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Intraday Strategies for Beginner Traders on the Euro and Pound for October 15
The dollar surged sharply against all
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The dollar surged sharply against all major currencies yesterday—most strongly against the euro and the pound—but that advantage has vanished today. EUR/USD returned to 1.1212 and GBP/USD to 1.3237, i.e., back to the levels where yesterday began. Overnight, both pairs moved up significantly, hit the boundaries of their range, and pulled back slightly.Yesterday Germany released its September producer-price index, which rose 1.9% month-on-month versus a 0.7% forecast and 0.9% previously. Such a print usually supports the euro because companies' cost
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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