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Analysis of transactions in the EUR / USD pair
The market was in favor of the bears yesterday, and this can be seen clearly when short positions set from 1.1759 gave profit to traders by about 30 points. Long positions from 1.1777, on the other hand, only brought losses.
Trading recommendations for October 9
Since there are no important statistics scheduled for release today, the euro bulls will have every chance of resuming the correction, and it may lead to movement beyond the sideways channel, at which the EUR / USD pair has been trading all throughout the week.
Analysis of transactions in the GBP / USD pair
The pound climbed up by 25 pips yesterday (from 1.2940), but then dropped down again due to the statements made by Bank of England Governor, Andrew Bailey, on the topic of monetary policy.
Trading recommendations for October 9
A number of important UK statistics are coming out today, which could lead to a surge in volatility. Good reports will maintain the bullish momentum, and could also lead to new weekly highs in the GBP / USD pair.
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