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Intraday Strategies for Beginner Traders for EUR and GBP on October 7
Yesterday evening, the euro and pound
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Yesterday evening, the euro and pound both benefited from weak US data, and the yen also rallied afterward. In the Asian morning, the picture changed: demand for the US currency returned, and part of yesterday's move came under question. Comparing the evening with the morning, you see a familiar pattern. Any weak US print gives the currencies a short breather, but once the market catches its breath, participants again move to the safe-haven asset.Support for the euro now mainly rests
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
Neutral
Urgency
1 day
Analytic
Maxim Magdalinin
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