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27.09.201908:39 Forex Analysis & Reviews: Trading plan for EURUSD on 09/27/2019

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 27.09.2019 analysis

On Thursday, the EURUSD rate broke down an important level of 1.0925 and consolidated below.

Technically, this is a strong signal for the beginning of a downward trend.

There was no strong impulse from the foundation — perhaps Trump's tough rally against China gave a signal to the markets that one should not expect positive on the Trump-China agreement. In Britain, things are still moving towards leaving the EU without an agreement. Today at 13:30 London time, there will be a report on inflation in the United States.

EURUSD: Hold sales from 1.0990.

We sell from 1.0925.

Jozef Kovach
Analytical expert of InstaForex
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