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EUR/USD Signal - EUR ECB Bank Lending Survey - 26 Oct 2021

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Signal Details
Entry Price: 
1.1610
Take Profit: 
1.15450
Stop Loss: 
1.16600
Direction: 
Sell
How we trade
Average: 5 (2 votes)

EURUSD has broken support prior to the ECB Bank Lending Survey, which enhances the Eurosystem’s knowledge of financing conditions in the euro area. Technically the pair has broken range support, and done a retest. The RSI now points to downside, and we are targeting the 61.8% fibonacci extension level at 1.15450.

Submitted by Toni H. on Mon, 25 Oct 2021 22:37:24 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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