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Thread: EUR/USD

     
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    2021-10-18   13:11
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    Hi, everyone!
    Attachment 421821
    In the Asian session, the euro/dollar pair started to go down, breaking through the support level of 1.1590 and the 200-day moving average on the hourly chart. At the time of preparing this post, the quotes were trading around the level of 1.1575, remaining under bearish pressure. Technical indicators also suggest that sellers are taking the lead. Besides, according to the order book, the volume of short positions has increased to 34% from 43%.
    In my opinion, the euro began to lose in value after the release of rather negative statistics from China. I think their economies are closely interrelated.
    Attachment 421822
    Today, I expect the pair to fall to the level of 1.1550. If the price breaks through this level, bears will have the opportunity to push the quotes to the support area of ​​1.1525.
    An alternative scenario implies that the price may break through and consolidate above the 200-day moving average on the hourly chart. In this case, the euro/dollar pair will have a chance to advance to the high of last week, that is, the area of ​​1.1620. Then, the quotes will most likely enter a sideways channel again.

    The attachment
    2021-10-19   14:00
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    It seems that Im not the only one who is wondering which market is the prior one.The currency rates differ from supplier to supplier but have several points of difference and have no great importance. As far as I understand, the CME is not the only place where futures have traded, which means that the futures quotes will differ in different markets. Market participants just decided to stick to the quotes given at the CME as it is the most liquid exchange.
    If we take the CME as a basis, I wonder how the futures liquidity, which is a derivative instrument, can influence the main asset. If Im not mistaken, futures follow the pairs trajectory but not the other way round. At least, this is the logic of how I see it since a futures contract is a derivative instrument.
    Also, the question is whether the liquidity volume of currency pairs on different exchanges has compared to the futures contracts volume on the CME. I havent checked it yet, but I think that the trading volume on Forex is much higher than that on the futures exchange. If this is so, I don't understand how the futures market liquidity can influence currency pairs. It would be great to figure out how it all works.
    Euro/US dollar

    Daily chart

    1 - In the morning, the euro surprised us with a rapid surge to the upside. So the daily bar chart is now under bullish control. On the daily chart, the price has crossed the middle Bollinger band after fluctuation and has moved towards the upper band. The Bollinger bands have shown no reaction to this so far as the distance is still quite long. So if we take into account this indicator, we should wait until the price touches the upper band and the two bands move outwards. If the bands open wide, this will serve as a signal for further uptrend.
    On the other hand, if the price turns down from the middle line, we should wait for similar steps towards the lower band. Judging by fractals, the price broke through the fractal that formed on October 14. After that, it quickly reached the first target located at the fractal of October 4. If the price consolidates below it, then it may well move lower to the fractal of August 20.
    2 - The AO indicator was exhausted in the negative zone and moved towards the zero level. The price reacted to this signal with a good rise. Later we will see whether the indicator will approach the zero level and cross it. If this is true and the indicator moves into the positive zone, this will be another signal for quotes to rise.
    H4 time frame
    Attachment 422211
    3 - On the 4-hour time frame, the price moved from the middle line towards the upper Bollinger band. It touched the band, and both of them turned outwards. Then the price was moving along the upper band. The bands are open, and the price is still moving along the upper band, a sign of a possible continuation of the uptrend. If we take fractals, the price broke through the two nearest fractals of October 15 and 14. Then it reached the target of October 4. The next target is at the fractal of September 29.
    4 - Meanwhile, the AO indicator began to accumulate strength in the positive zone. It is what we were waiting for as before that the downward movement was losing momentum. So, at present, the AO indicator continues to rise, but it is not clear yet when the first peak will form. We can assume, though, that the price will continue to move higher.
    So far, the situation looks dubious, and we shall wait and see whether the AO indicator will change direction and form a new high, which will point at the continuation of the uptrend.
    30M time frame

    5 -The assumed entry point for the long position was confirmed by the market yesterday, and the price broke through the level of 1.16102. I didnt reach the first target at 1.16274 right away and retested it later. But then, it quickly reached the first target and broke through it. At the moment, it is approaching the second target at 1.16440.
    6 - When the price retested the 1.16102 level, the Bollinger bands went horizontal and narrowed. Then, the price again moved closer to the upper band and touched it.
    At this point, both bands opened wide, and the price moved along the upper band. So, the scenario is common. Both bands are going outwards on the 30-minute time frame while the price is moving along the upper band. It generates a signal for further growth.
    On the 1-hour time frame, both bands are also pointing outwards, and the price is similarly moving along the upper band. It is another signal confirming the uptrend.
    7 - The AO indicator is actively gaining ground in the positive zone, which also signals the continuation of growth. Besides, the indicator has formed a new high, which means the price is likely to start a new upside cycle. We can also expect the AO to form a divergence which will be another confirmation of an uptrend.
    On the H1 chart, the AO indicator is also actively rising, but it is still unclear when the first peak will form.
    8 - We can consider entering the market to open buy positions when the price breaks through and settles beyond the 1.16440 level. The first target is at 1.16554. Upon reaching it, the price may then move towards the level of 1.16714.
    9 - We can consider entering the market to open sell positions if the price breaks through and settles beyond the level of 1.16102. The first target is at 1.15987, and the second one is found lower at 1.15887.
    5M time frame

    10 - On the 5-minute chart, the price is moving along the upper Bollinger band, which is still turned outwards. It can serve as a good sign that the price will continue to rise.
    11 - The AO indicator has formed the first high and two divergences. They can indicate that the upward movement is losing momentum, and a local correction may start soon. The AO indicator may even cross the zero level and move to the negative zone during the correction.
    Later, however, the price may go up again, forming the final divergence. Well see how it turns out.
    12 - It is better to keep the buy entry point according to the 30-minute time frame. We can consider short positions when the price breaks through and settles below the 1.16440 level, with the next target at 1.16274.

    The attachment
    2021-10-21   11:57
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    Euro/US dollar

    Attachment 422886
    Daily chart
    1 - On the daily chart, the price continues to rise confidently towards the upper Bollinger band after crossing the middle line. The bands, however, are turning inwards and are moving towards each other, thus downplaying the pairs rise. If we stick to this indicator only, then we should wait until the price hits the upper band. In case of the price reversal, the same will be true for the lower band.
    Then, we should monitor the indicator: if both bands turn outwards as soon as the price touches one of them, this will be an indication that the price will continue to move further until it exits the range. If we take fractals, the price is approaching an upper fractal formed on October 19 and the lower on August 20. In case the quote manages to break through these levels and settles there, its next upside target will be at the fractal of September 22. The nearest downside target is at the level of October 18. It is also possible that a lower fractal will form a bit higher.
    2 - The indicator continues to move lower in the negative zone while the price is rising in response to this exhaustion.There are two days left until the end of the trading week. The indicator may simply have no time to cross the zero-line mark. But if it does cross the line and oscillates to the positive zone, this will confirm the continuation of the uptrend for the euro.
    H4 chart

    3 - On the 4-hour chart, the price keeps moving higher towards the upper Bollinger band. Despite a correction, the bands were still generating a signal for growth.
    At the moment, the upper band is pointing outwards, thus confirming a possible rise of the quotes. We have the option to wait for the price to closely approach the upper band or look for entry points on smaller time frames. If we take fractals, the price is approaching the upper fractal of October 19. Its breakout will pave the way towards the fractal of September 29. For selling the pair, it is better to wait until a lower fractal form. Take this into account when planning your strategy.
    4 - The indicator is slowly oscillating in the positive zone on the 4-hour chart by forming a green bar. It is still not enough to be a clear signal for growth. That is why we should wait for more candlesticks on H4 to see how the indicator will behave. If it continues to rise, this can be taken as a signal confirming a further upward movement of the price.

    The attachment
    2021-10-20   10:10
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    I could not wait any longer yesterday and closed my trading position with a loss. It might be better to hold the position open, but you never know if this brings you profit. Anyway, I will have to recoup my losses later.
    As for the trading plan, the price went above 161 Fibonacci yesterday. It was a bit surprising as I didnt expect it to exceed 1.1657. However, the price touched 1.1669. The hourly chart shows support located at 1.1627. It is the first milestone for an intraday decline, but the support may prevent the price from going lower. The target area is located near 1.1571, but I doubt that the price may decline to this level and let us open long positions. It would be great if the price challenges 1.1590, and I could set a stop-loss order below 1.1571. However, the pair is likely to reach the range between 1.1627-1.1615, and thats it. After that, the price may increase to 1.1700, opening the way to the next target at 1.1710.

    The attachment
    2021-10-18   12:40
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    Attachment 421814
    The EUR/USD pair has prepared nothing new yet. However, the good news is the trading day started without a gap. The only thing which is worth paying attention to is a zigzagging trend on the hourly chart. The price was moving from 1.1583 to 1.1618 and broke through support. I expect the price to go below the support and hover there during the first part of the trading day. The 161.8 and 61.8 Fibonacci are located near the 1.1561 level. It is a bit lower than yesterdays 1.1570, but 10 pips are unlikely to make a big difference.
    According to the second scenario, the price may decline to 261.8 Fibonacci. For now, it is an alternative scenario because such a decrease may break a weak bullish trend.

    The attachment
    2021-10-20   12:10
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    Hello!
    The situation with the EUR/USD pair is as follows:
    on the H4 time frame, the price is located in the buy area above the upper boundary, which tells us about bullish sentiment.

    However, the hourly chart drops a hint that the price may zigzag downwards to 1.1583, where debts are located. This is a mandatory move that was ignored. The middle line of the daily time frame at 1.1564 is a bit lower. If the price breaks through this level, an upward trend may be canceled. The intraday chart promises the ladder pattern during the European session. However, if the pair breaks through 1.1632, the ladder will be broken and the upward trend will be canceled.
    On the contrary, if the pair retests yesterdays high, the uptrend may continue. These levels apply to the European session. The M15 indicator is showing a downtrend. It signaled the opportunity to open short positions yesterday. The price has recently pulled back to the middle line and now a downward movement is needed. The downtrend may continue if the pair hits a new low.

    The attachment
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    Hello Everyone

    On Tuesday, the EUR/USD esteem rose imperceptibly in Asia. In the last two gatherings, the pair has traded someplace in the scope of 1.1540 and 1.1580. EUR/USD is trading at 1.1558 at making, with a 0.5% addition for the day.
    DXY, which gauges the dollar's display against six huge money-related norms, is at this point near its record-breaking high of 94.40, giving a troublesome stretch to EUR/USD gains.
    Strong dollar buying pressure pushed EUR/USD costs underneath 1.1600, they are generally diminished since July 2020. The dollar continues to sustain amidst suppositions for a Fed redesign cut, paying little heed to the frustrating NFP numbers followed through on Friday, which could start as early as November, and a potential rate move in late 2022.
    Then again, ordinary money stays debilitate amidst rising extension stresses due to rising energy costs. Philip Lane, the primary business examiner of the European Central Bank (ECB), has dismissed the new flood in enlarging as a justification behind the cash-related methodology.
    Moreover, ECB Council part Yannis Stournaras demolished rising energy costs and, later, advance charge climbs because of growing extension. With the Fed and Bank of England hailing an approaching rate climb, the Euro's prospects are troubled by the public bank's careful perspective.
    Charles Michel, President of the European Union (EU), and Chinese President Xi Jinping are depended upon to talk by phone on October 15.
    The German markdown esteem record, the ZEW monetary assessment in the Eurozone, and the openings in the USA JOLTS will give additional improvement to the market individuals.

    EUR/USD Price Technical Analysis: Buyers Eying To Acquire 1.1600

    Name: Screenshot_2-6-1024x502.png Views: 57 Size: 213.0 KB
    EURUSD 4_Hour Chart

    The EUR/USD cost has been solidifying in a tight scope of 40 pips since Monday. The pair has finished a 46% normal day-by-day range up until this point. The volume information is the main pointer that is given a few signs for a potential gain move. Notwithstanding, supporting past the 1.1600 level remaining parts is the key for purchasers. On the other side, any move underneath the 1.1550 imprints will chance further misfortunes towards the 1.1500 regions.

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    EUR/USD Technical analysis from Tacaz:




    • Daily time frame technical outlook:




    According to daily time frame, EUR/USD currency pair is trading in an upward tendency and gradually continues to gain. This perspective shows some progress daily time frame. Frankly, the sideways movement is considered between limited ranges of 1.1580 - 1.1550 level. As you can determine from the attachment below the price behavior hovering around 1.1575 level, which is the center of the sideways range. We can expect a bullish wave correction around the resistance level of 1.1550 in New York session. On the other hand, we have some confirmation factors as for the sellers pressure.


    Name: er=uro d1.png Views: 49 Size: 18.8 KB


    • H4 time frame technical sentiment:



    Observing by four hourly time frame the EUR/USD currency pair fluctuating in limited territories. Which is tough to find out the main trend. As for technical analysis, the pair breaks the resistance level of 1.1580 level, which is a splendid factor for the buyers. EUR/USD indicating south signal, which will be apparent around the 1.1600 price mark. So we need to wait for this breakout. Entering the market at this time will be nothing but a mistake, as we are not getting any confirmation during the sideways movement. In general, the overall trend looks clearly bullish until 1.1590 correction.


    Name: euro h4.png Views: 51 Size: 16.3 KB


    • Conclusion:



    At the end of the article, I would like to conclude that we need to place a pending order at the level of 56 which proves to be positive for us. If the price not approach at this level then the sellers will be strong against the buyers.Because the US dollar has been trading in upwards direction, which causes a deficiency in the price mark.
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    Hello, everyone!

    The euro is continuing to try our patience and get on our nerves. The indicator analysis showed the euro signaled an uptrend yesterday by breaking through the upper boundary of the indicator.

    There are two possible scenarios.
    Name: 1 -lch.jpg Views: 1073 Size: 154.8 KB

    The first one suggests that the price might continue to move sideways (fortunately, the H1 time frame supports the sideways movement, as the boundaries of the channel are horizontal and show no trend), followed by a strong spike. The second scenario considers a usual zigzag to 1.1490, and then an upward stair-step movement is likely to occur. If we retest the swing high, the uptrend might continue.

    Name: 2lch.jpg Views: 173 Size: 225.0 KB
    The M30 time frame signaled a downtrend yesterday by breaking through the lower boundary. mNow, the pair is zigzagging to the 1.15727 area. There may be a downward stair-step movement. If the price hits a new low, the downward trend may continue. The breakout of the 1.15839 level will confirm the intraday uptrend, and 1.15527 will signal the intraday downtrend.

    Notably, the stair-step movement shows no distinct trend. At first, there was a narrowing, then a widening, and a narrowing of the channel again. The price is moving sideways and not showing signs of a breakout of the channel.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Daily time chart outlook

    On the daily chart, the price is floating is in descending channel and barely distanced from the Mar, 3rd 2020 high of 1.1524. From the technical perspective, the recent faint bearish momentum could open a door for an additional bearish wave of price decline. After the formation of lower lows price has formed several reversal candlestick patterns including bullish Harami bullish engulfing, inverted hammer, and Doji as well in the consolidation zone before the trend rotating to upwards direction. which is a suggesting a possible price reversal and buyers can gain confidence by the appearance of candlestick formation.

    The potential gain of the buyers would first attract interest towards the psychological level of 1.1600. This is the level where the price would gain a potential rebounding approach by the buyers which can be curbing price rebounding momentum. The breakdown of this psychological obstacle would extend the buyers' rally up to the SMA-20 at 1.1652.

    However, the violation of 1.1652 and price consolidation in the demand area could drag the buyers' associated target to SMA-100 at 1.1847. While the buyers' useless attempt fails to surpass the 1.1600, which could motivate potential selling leading to heads towards the down leg of the 1.1471 restrictive area of support.

    In the border aspect, the price sustainability above the key resistance level of 1.1920 and price closing above the 200-day SMA which is associated with the 1.1944 price level would erase the bearish sentiment from the pair. The failure of bulls may proceed the retreating below the support channel at 1.1524 which can find immediate support at the challenging barrier of 1.1435. The RSI drifting around the oversold area, with the bottoming of registering the lower lows and higher lows, while the MACD indicator has already been intensive bearish trend continuation and continuing a bearish signal.

    Name: Screenshot Capture - 2021-10-12 - 05-41-54.png Views: 178 Size: 137.2 KB
    🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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    4-H Timeframe Analysis


    How are you doing today and how is your analysis of the euro exchange rate today? Technically speaking, today's EURUSD currency pair is likely to be bullish again. This can be concluded based on the movement of the EURUSD price within the 4-H time frame. As shown below, yesterday's EURUSD trade may form a bullish candle. The technical picture of the 4-hour timeframe of the EURUSD pair shows a slight slowdown in the downward trend on the way to the long-term target level - 50.0% Fibonacci (1.1655). At the same time, the emerging convergence on the MACD may mean that a rollback or reversal is imminent in the market. If the target level is reached and a rebound takes place from it, then the market will be able to develop a new wave of growth to renew the maximum - 1.2250. The appearance of a bullish candle may mean that buyers are controlling the market at this time, so it can be predicted that the current trend of EURUSD price will try to be bullish again. So based on this, the relevant trading options to be traded today are buy trading options.

    Name: Screenshot_20211012-232317-01.jpeg Views: 43 Size: 207.6 KB

    1-H Timeframe Analysis


    The EUR / USD currency pair expanded the consolidation range down to the level of 1.1546. Today the market is trading in a structure of growth towards 1.1504. Next, consider the decline to 1.1490. And with the breakdown of this level, the potential for reaching 1.1515 will open. On the 1-hour EURUSD chart, one can consider potential correction targets after the local convergence on the MACD. They can be located at the Fibonacci levels of 23.6% (1.1598), 38.2% (1.1660), and 50.0% (1.1706). In turn, the breakdown of the minimum at 1.1504 will signal the continuation of the downtrend.

    Name: Screenshot_20211012-232835-01.jpeg Views: 40 Size: 219.5 KB


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    One-hour timeframe

    Hello everyone.
    EURUSD is having a very strong downtrend. EURUSD will maintain a continuous bearish trend as long as the price of this pair remains below the 1.1552 resistance level. On this note, traders have to watch out for a bearish move towards the 1.1470 price level as the first target. Breaking this support level will boost the bearish momentum. At this point, sellers will then aim for the next support level at 1.1411. Crossing this level will allow sellers to aim for the 1.1216 support level.

    EURUSD is trading close to the 2020 low. Today it traded above the low of July 2020. It fell below the moving average line MA(200) H1 at 1.1590. The support level at 1.1530 can keep this pair from falling further.

    We could see a rebound in the short term. Therefore, sellers have to be watchful for the excess bearish rally. If this is the case, we must remember that trading against the trend is risky. It will be advisable to wait for a strong signal to resume the current trend. Take a look at the one-hour chart below.

    Name: 7F5F0823-B236-499E-A4CB-3F38FAC129A1.png Views: 6 Size: 137.9 KB

    Also, we have to put the news into consideration. The USD news will affect the forex market tomorrow. The USD has some high-impact news and therefore, this pair has to be traded with utmost caution. Take a look at the picture below.

    Name: 3ECA8918-207E-4D9D-BD6A-8D99549CC03C.jpeg Views: 7 Size: 124.9 KB

    That is all for now. What do you think about EURUSD? Do you expect a further decline or a reversal? Have a good day mates.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.

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    Welcome to the forum fellow traders and speculators!

    What does the euro/dollar pair have in store for us?

    How did the situation change for the EUR/USD pair? Looking at the general viewpoint, it shows that it changed downward, but from a technical viewpoint, there were no changes at all and the price of this instrument continued to fall along with the same price range on the hourly time frame. At the moment, the price has already plummeted by around 40 points under the opening level of the week. The current trading is already near the level of 1.1530 and it may further decline in an active mode.

    Have a profitable day to all of you!

    Name: fsfdh.jpg Views: 46 Size: 169.5 KB

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    Name: 1.png Views: 26 Size: 21.0 KB
    The H1 chart clearly shows that the MA line is directed downwards, while the stochastic indicator is pointing upwards. The trend, meanwhile, is located below the middle line
    Name: 2.png Views: 27 Size: 19.5 KB
    Similarly, in the H4 chart, the MA line is inclined downwards, while the stochastic indicator is pointing upwards. But the trend this time is below the centerline.
    Name: 3.png Views: 25 Size: 20.1 KB
    Meanwhile in the D1 chart, both the MA line and stochastic indicator are directed downwards, while the trend is below the middle line. But the daily candle is pointing upwards, which suggests that EUR/USD may rise to 1.1560. There may even be a small break through in the price.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Hello everyone, good morning! Based on my analysis, here are the best positions in the market today:
    Name: screenshot-1.gif Views: 46 Size: 19.6 KB
    Daily TF (D1)
    For long positions, enter at the level of 1.2254 or higher.
    For short positions, enter at the level of 1.1524 or lower.
    Name: screenshot-2.gif Views: 46 Size: 18.6 KB
    Four-hour TF (H4)
    Here, many positions are available for trading. One is to buy at 1.1756, while the other is to sell at 1.1524.
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    Hourly TF (H1)
    This chart is good for quick entry and exit in the market. Hence, longs may be opened from 1.1587 upwards, while shorts may be placed from 1.1524 downwards.
    However, deals should be set up only at the closing of the hourly candle. Then, exit at stop loss or take profit levels, otherwise, profit will be reduced, while expenses will be increased. Remember, trading is very precarious, but profitable if the strategy used is correct.

    For longs: SL - 1.1487 TP - 1.1887
    For shorts: SL - 1.1624 TP - 1.1224

    Good luck!

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Hi, everyone!

    EUR/USD forecast for today.

    Name: 1.PNG Views: 1038 Size: 19.1 KB
    According to the H1 trading chart, the moving average is going downwards.
    The stochastic indicator shows a slope in the upward direction. The trend is below the middle line.

    Name: 2.png Views: 119 Size: 21.0 KB
    According to the H4 trading chart, the moving average is moving towards the downside.


    The trend is below the centerline. The stochastic indicator is in the upward direction.

    According to the D1 trading chart, the moving average is directed moving downwards.

    The stochastic indicator is moving towards the downside. The trend is below the middle line. The daily candlestick is in the upward direction. I expect the euro to advance to the level of 1.1560. Of course, the fact that the pair is currently standing still is annoying. Nevertheless, I think the quotes will be able to make a slight upward movement soon.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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