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Trading recommendations for the EUR / USD pair on October 1
Analysis of transactions
Strong US statistics should've brought sharp decline in the EUR / USD pair, however, movement yesterday was a lot smaller than expected, amounting to only 20 pips down from the level of 1.1709.
Today is the same as the upcoming reports also pose certain risks for the euro, one of which is the data on production activity in the eurozone. If the indicator comes out better than the forecasts, a new wave of growth will appear, but if a slowdown was observed on activity, the euro will depreciate even further in the market.
Trading recommendations for the GBP / USD pair on October 1
Analysis of transactions
The bearish sentiment was not that strong in the pound yesterday, as a result of which the quote moved down by only 20 pips from the level of 1.2833. Then, in the afternoon, a slight bullish momentum went through the GBP / USD pair, bringing the quote a 40-pip rise from the level of 1.2882.
Today, data for the UK PMI will be published, however, it will not greatly affect the market, as everyone's attention will be focused on Brexit updates and the spread of the coronavirus.
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