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Forex market reviews

26 November 2018

Market sessions

## anthony

EURUSD: growth against Friday’s decline on the cards

On Friday the 23rd of November, trading on the EURUSD pair closed down. The single currency shed 94 pips against the greenback to hit a weekly low of 1.1327. The pair’s slide was the result of disappointing data from the Eurozone and Germany, as well as increased demand for the dollar on the back a renewed retreat from risky assets ahead of the weekend. As US markets were operating on a shortened schedule due to the Thanksgiving holidays, there was nothing to stop the bears from hitting fresh lows.
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23 November 2018

Market sessions

## anthony

EURUSD: a breakout of the trend line is expected

On Thursday the 22nd of November, the euro closed slightly up. High volatility was observed during the European session in connection with the news on Brexit and Italy. The euro/dollar rate rose to 1.1434, after which it stabilised near the trend line at 1.14. Sellers did not pass through this trend line, as US markets were closed and volumes were lowered due to the holiday.
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Alexander Razuvaev
Alexander Razuvaev

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