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24.05.201911:45 Forex Analysis & Reviews: Trading Plan for EUR/USD pair on 05/24/2019

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.

EUR/USD trend: signal to the top

Two events had an impact on the market: Theresa May's resignation statement, which is expected Friday. It gives hope for a way out of the endless crisis around Brexit.

Second: The US stock market showed a strong decline. At the same time, the yield of treasuries plummeted, this changes the situation against the dollar.

The EUR/USD rate has broken up a key maximum of 1.1190.

The beginning of the big trend will be a breakthrough above 1.1270.

We buy from 1.1190.

Exchange Rates 24.05.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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