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22.01.201909:18 Forex Analysis & Reviews: Burning forecast 01/22/2019

Long-term review
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On Monday, the euro continued to remain under pressure from sellers, but the downward movement on Tuesday morning is minimal - this gives some chances for a turn upwards.

The three major news topics have not yet received permission, namely: The Shutdown in the United States - the Democrats said they were not ready to bargain with Trump, while he does not adopt a budget (that is, Democrats demand that Trump put off funding for the wall on the border with Mexico); the second topic - the negotiations in the Parliament of Britain for Brexit - and the Labour party are trying to carry out the amendment, opening the way to a new referendum; the third issue is the ECB meeting on Thursday.

We expect an impulse from one of these events in the very near future - and the beginning of a big movement on the euro.

We are ready to buy the euro at the break of 1.1415 upwards.

Alternative: sell from 1.1300.

Exchange Rates 22.01.2019 analysis

Dean Leo
Analytical expert of InstaForex
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