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Intraday Trading Strategies for Beginner Traders – May 14th
Demand for the U.S. dollar weakened,
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Demand for the U.S. dollar weakened, although this did not lead to renewed interest in risk assets. Most currencies traded rather quietly during the first half of the day, reflecting overall market uncertainty.The absence of important eurozone statistics kept the EUR/USD pair within a narrow trading range. Traders, lacking new data to justify a directional move, preferred a wait-and-see approach, holding positions near the 1.1710 level. This reflects uncertainty in the market and the absence of clearly defined bullish or
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Miroslaw Bawulski,
Analytical expert of InstaForex
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Maxim Magdalinin
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