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10.10.201906:20 Forex Analysis & Reviews: Forecast for EUR/USD on October 10, 2019

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD

Yesterday, the euro did another test of the Fibonacci level on the daily chart of 138.2%, and today it rises above the Asian session. The signal line of the Marlin oscillator returned to the growth zone, the double convergence on the oscillator has worked in full force. The growth target is the MACD line in the price area of 1.1042.

Exchange Rates 10.10.2019 analysis

On the four-hour chart, the price of the previous day has been supported by the balance line, Marlin is also in the growth trend zone. The signal to open a position will be the price overcoming the top of October 7 (1.1001).

Exchange Rates 10.10.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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