CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

EURUSD approaching September lows

19:27 30 October 2020
EURUSD is getting near its September lows, which are also close to the 50.0 retracement of the long-term downward wave, which started at the beginning of 2018. We are observing similar movements to those that took place before the 2016 elections. First, the EURUSD gained, and then fell sharply. In turn, after the elections, the dollar appreciated, but began to retreat as Trump took power.
The EURUSD recorded a strong decline this week. Two things are worth noting: in September, after a similar declines, we saw a rebound from the key support of the 50.0 retracement. The second thing - the dollar is behaving as it was back in 2016. Source: xStation5

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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