Evening review for EURUSD for 01/16/2020. Strong US data put pressure on the euro

A report on retail sales in the United States was released. Sales excluding cars increased by +0.7% – significantly better than forecast.

EURUSD: As we can see, buyers are not only unable to raise the euro to 1.1205, but even getting closer to this level. As they say in football: If you don’t score, they will score against you.

The chances of euro sellers are growing.

We are ready to sell the euro from 1.1085 – with the target of 1.0850.

Possible sales from 1.1104.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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