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November, 26 - EUR/USD does not display stability and is overall difficult to trade

Volatility and the overall downtrend – these are not the words that we want to hear when we are talking about the most popular currency couple in the market, but, unfortunately, that is what we are getting right now as EUR/USD displays one of the most volatile and uneven performance through the last couple of months and plain averts us from trading it.

 

eurusd 26.11.2019

 

And, as we all know, euro has not been having a good time ever since economic data and economic forecast of Eurozone came out last Friday. That was the day that really shook us to our core, because even though we knew that Germany was likely to show us bad economic data, we really did hope that that was not going to happen and that we were going to see something good. But, when that didn’t happen we might have overlooked one very important piece of information – there is nothing to pick EUR/USD up coming up. That’s right. There are no stimulation events and reports planned for the week and we are still left with the after taste of bad data from Germany.

 

What are we to do now? Well. We could wait for a couple of days – that is when USA are going on a holiday and USD is going to be left to us. There is also a chance that USD is going to decline, because we are waiting for some reports on American currency and those have not been the example of stability lately as well.

 

Unfortunately, right now we are left guessing what the fate of EUR/USD is going to be in the nearest future and our own prognosis is far from perfect. That is why we desperately need trading signals by our side.

 

 

Lang

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