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Trading recommendations for EUR / USD on September 14
Analysis of transactions
Good data on US inflation rose dollar demand in the market, which resulted in fairly big sell-offs in the EUR / USD pair. It also prompt long positions to not bring significant profit, since the upward movement from 1.1841 was no more than 30 points.
Today, only a minor report on the volume of industrial production in the eurozone will be released, and it will not have a significant impact on the market. The balance that GBP / USD now has may also be maintained, so bulls should count on another attempt to rise above the resistance level of 1.1859.
Trading recommendations for GBP / USD on September 14
Analysis of transactions
Good data on UK GDP prevented another huge sell-off in the GBP / USD pair. However, on Friday, every after the test of 1.2807, the pair still went down 25-30 points.
No important statistics is scheduled for release today, so attention will be set on updates on trade relations between the EU and the UK. But since the risk of a complete rupture only increases every day, it is best to bet on the fall of the pound.
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