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14.10.201909:01 Forex Analysis & Reviews: Trading plan EURUSD 10/14/2019

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 14.10.2019 analysis

Markets in general and European currencies grew last week on optimism factors: Trump-China trade negotiations yielded positive results; there was a chance for an EU-Britain deal.

Nevertheless, the growth impulse begins to fade, and a halt is possible.

The next few days will show whether the euro growth was only a corrective rebound – or a change of direction.

EURUSD: We keep purchases from 1.0945 and 1.1005.

Possible purchases from kickbacks.

In the case of a downward turn, we sell from 1.0940.

Jozef Kovach
Analytical expert of InstaForex
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