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04.09.201909:01 Forex Analysis & Reviews: Trading plan for EURUSD on 09/04/2019

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.

Exchange Rates 04.09.2019 analysis

The focus is on the political crisis in Britain. On Tuesday, Prime Minister Johnson failed in a parliamentary vote. Lawmakers proposed a law on which to postpone the exit from the EU until the end of January if there is no agreement with the EU. Johnson is strongly opposed and says he will announce new elections if such a law is passed. The vote is due to take place late Wednesday night.

The pound rose from lows on Tuesday.

EURUSD: We keep sales from 1050.

Possible sales from 1.1000 - 1.1015.

In the case of a full turn up, purchase from 1.1095.

Jozef Kovach
Analytical expert of InstaForex
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