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30.09.202014:53 Forex Analysis & Reviews: Evening review on September 30, 2020

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.

Exchange Rates 30.09.2020 analysis

The EURUSD pair will undergo correction after rising slightly.

In order for the growth to continue, it is necessary that the euro does not consolidate below the level of 1.1685.

According to the September jobs report from the ADP, companies in the US added 749,000 new jobs. This turned out to be much better than the initial estimates.

The said result did not affect the euro in any way.

You may keep buying from 1.1685, with a stop at 1.1640.

Jozef Kovach
Analytical expert of InstaForex
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