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EUR/USD Signal - USD Redbook Index - 19 Oct 2021

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Signal Details
Entry Price: 
1.16310
Take Profit: 
1.1720
Stop Loss: 
1.1580
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURUSD is trending to the upside prior to the USD Redbook Index, which is a sales weighted growth index of over 9,000+ retail stores. Technically the pair has just broken a resistance trendline and we anticipate a continued push to the downside into the 1.1580.

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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.