EUR/USD: Tips for Beginner Traders for October 8th (U.S. Session)
EUR/USD: Tips for Beginner Traders for October 8th (U.S. Session)
Trade Analysis and Recommendations on the
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Trade Analysis and Recommendations on the European CurrencyThe price test of 1.1629 occurred at a moment when the MACD indicator had already moved significantly above the zero mark, which limited the pair's upward potential. For this reason, I did not buy the euro.A significant decline in German industrial production in August, amounting to 4.3%, triggered a drop in the euro exchange rate at the start of the trading day. Investors, worried about this data pointing to a potential recession in
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