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Focus U.S. GDP – Euro may end its bear

Olymp Trade

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According to the technical analysis, euro broke the bearish trend. Euro may continue rising, if The United State GDP at 19.30 will be less than 2.5%. In contrast GDP may edge higher than 2.5% and give positive influence for USD. If greenback may hold steady, I suggest the support line at 1.1750 points. U.S.GDP may impact to stock market as same as currency.


In September Bitcoin price fell lowest close to 3200 dollar because the ban by Chinese government. After recovering Bitcoin rose up and made new high point above 6000USD in October. Bitcoin may continue its bullish trend as now graph is moving above trend line. However, I suggest to trade carefully as it may be a bubble.

Moreover, Ethereum may the real opportunity and it may end bearish trend by October. If price could break 300 points, it may be the beginning of bullish trend.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review

Source: https://olymptrade.com
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