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Our pivot point stands at 1.536.
Our preference is rebound towards 1.543. Alternative scenario is the downside breakout of 1.536 would call for 1.534 and 1.533.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (1.539) but under its 50 MA (1.542).
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Learning is important in forex trading. Many traders are failing because of that. Trader can also try demo account for practice trading. It is best option for new trader. Trader don’t have to tension about losing money in demo account. They can practice and test their trading skill with virtual money. Forex4you provide free demo account. I also tested it. Now I am trading in their micro account.
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