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Thursday 6 January 2022
IFTTT: EUR/USD: plan for the European session on January 6. COT reports. The Fed minutes limited the euro's growth. Problems with To open long positions on EUR/USD, you need: Several good signals to enter the market were formed yesterday. Let's take a look at the 5 minute chart and see what happened. I drew attention to the 1.1306 level in my morning forecast and advised you to make decisions on entering the market. Fundamental data that was released in the morning had a negative impact on the European currency. As a result, the formation and false breakout at the level of 1.1306 is a signal to sell the euro. However, this did not lead to a major drop in the pair, and after a marginal decline, the bulls tried to take control of 1.1306, breaking above this range. The consolidation and reverse test from top to bottom of this level gave an excellent signal for the growth to the next target of 1.1321. There, the bears fought off the initial attack, and a false breakout formed a sell signal, whi…https://ift.tt/3pUtRNY
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