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Back Forecast
Level and Target Adjustments for the U.S. Session – May 13th
Today, only the Canadian dollar was
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Today, only the Canadian dollar was traded using the Mean Reversion strategy, but it never developed into a proper reversal movement. Through the Momentum strategy, I traded the British pound.The euro continued to decline against the dollar following rather mediocre Eurozone statistics. GDP and employment change in the first quarter matched economists' forecasts, while industrial production increased by only 0.2% month-over-month versus the expected 0.4% growth. These figures point to stagnation in the European economy, which negatively affects the euro
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
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Maxim Magdalinin
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