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18.10.201908:37 Forex Analysis & Reviews: Trading plan 10/18/2019 EURUSD

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The EU and Britain (Prime Minister Johnson) have concluded a deal on Brexit. This is definitely positive. However, Johnson now needs to get the deal through parliament — a vote against both the opposition and possible resistance from Northern Ireland MPs are expected here. The key vote is Saturday.

On the positive from Brexit, the pound showed huge growth - almost 800 points (in the four-sign) - from 1.2200 to almost 1.3000

The euro also rose, but much more modestly.

We keep purchases from 1.0945 and from 1.1005

Strong correction is very likely, purchases from deep pullbacks.

Stop below 1.0990

Exchange Rates 18.10.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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