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Possible buy and sell levels for EUR / USD on July 16.
EUR / USD
Analysis of transactions
The trading idea yesterday was to buy positions at the level of 1.1413. As we can see in the chart (highlighted in green), this was done by traders, after which the European currency went up, also due to the publication of good inflation data in Italy, which grew along with the recovery of the economy after the coronavirus pandemic.
Thus, the following are the recommended entry and exit positions for the EUR / USD pair today.
It is also necessary to pay attention to the upcoming meeting of the European Central Bank, during which the decisions on monetary policy will be discussed. The stance on interest rates may change there, which will affect the exchange rate of the European currency.
Hence:
Possible buy and sell levels for GBP / USD on July 16.
The following are the recommended entry and exit positions for the GBP / USD pair today.
The latest data on US industrial production helped the US dollar to grow against the British pound. But today, the report on the UK labor market will be important, as the intensity of its recovery will affect the future growth of the economy. A good performance in the index will inevitably strengthen the British pound.
Hence:
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