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30.10.202016:56 Forex Analysis & Reviews: Evening review of EURUSD on October 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 30.10.2020 analysis

S&P 500 one day before the opening

As the chart suggests, the US market does not exhibit positive dynamics despite the strong data on the economy.

The anticipation of Biden's victory in the election doesn't seem to be in the favor of the market.

Exchange Rates 30.10.2020 analysis

EURUSD: Euro stopped to decline.

You may hold sales from 1.1785, stop, and upside reversal from 1.1760.

Expect strong resistance upon correction at 1.1645.

Decisions will be made upon the closing of the day and this week's trading.

Jozef Kovach
Analytical expert of InstaForex
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