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Intraday Strategies for Beginner Traders on the Euro and Pound for October 16
The dollar received only brief support
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The dollar received only brief support from US data yesterday and lacked the strength to sustain a push against the euro and pound. EUR/USD now trades around 1.1226 and GBP/USD around 1.3297. Both pairs jumped sharply this morning — the euro nearly to 1.1242 and the pound to 1.3305 — then pulled back a little.US data yesterday were strong. Producer prices for September rose 1.3% month-on-month versus 0.5% expected (and 0.5% in August) — the strongest monthly increase since March
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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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