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EUR/USD After a sharp rise on Wednesday, the euro retreated by 16 pips the next day. This morning, it continues to show a corrective decline (following the preceding three days.
Outlook for GBP/USD on May 17. Pound corrected "for a tick"
GBP/USD slightly retreated from the week's highs on Thursday. In general, Wednesday and Thursday allowed us to draw a nearly unequivocal conclusion about the nature of the pair's movements.
Will the dollar rise from its knees?
After the party comes the hangover. The EUR/USD surged to its highest levels since the end of March, and it brings a sense of deja vu. Back then, just.
USD/JPY: Simple trading tips for novice traders on May 16th (US session)
Trade analysis and tips for trading the Japanese yen The price test at 154.17 occurred when the MACD started moving up from the zero mark, confirming the scenario for buying.
GBP/USD: trading plan for the US session on May 16th (analysis of morning deals)
In my morning forecast, I paid attention to the level of 1.2672 and planned to make decisions based on it for market entry. Let's look at the 5-minute chart.
Forecast of EUR/USD pair on May 16th
The EUR/USD pair continued its upward movement on Wednesday, reaching the corrective level of 76.4%–1.0892. A rebound of the pair's rate from this level will favor the American currency.
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.