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01.12.202017:27 Forex Analysis & Reviews: Evening review of EUR/USD for December 1, 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 01.12.2020 analysis

EUR/USD: the pair may reverse.

Traders may open buy positions from the current levels, stop is at 1.2012.

It is also possible to enter the market from the level of 1.2012, stop is at 1.1960.

After a reverse, sell positions could be opened from 1.1922.

We continue monitoring the situation.

Jozef Kovach
Analytical expert of InstaForex
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