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EUR/USD Signal - USD Redbook Index - 2 Nov 2021

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Signal Details
Entry Price: 
1.1598
Take Profit: 
1.1530
Stop Loss: 
1.16500
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EUR/USD has made a retracement from recent lows prior to the USD Redbook Index data, which is a sales weighted index of over 9,000 stores. Technically the pair has made a retracement into structural resistance, and we have 3 bearish candles close on the 1h chart, a bearish confirmation pattern.

Submitted by Toni H. on Tue, 02 Nov 2021 00:39:03 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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