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21.01.201910:22 Forex Analysis & Reviews: Trading Plan 01/21/2019

Long-term review
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.

The foreign exchange market has long been ripe for a strong trend movement, especially for the euro.

The new week has three important events, each of which can start a trend:

1. Trump-Democrats negotiations on the "shutdown" can give a positive impetus to the markets - none of the parties are interested in deepening the crisis around the budget.

2. Theresa May should try to find a compromise in parliament for an agreement with the EU - there is almost no time left - the BREXIT deadline is the end of March.

3. ECB meeting on monetary policy on Thursday.

We are ready to buy euros from 1.1490.

Alternative: Selling from 1.1300.

Exchange Rates 21.01.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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