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28.07.201707:49 Forex Analysis & Reviews: Trading forecast for EUR/GBP: July 28, 2017

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 breakdown that occurred this week indicates a correction to the momentum of the previous week. This allows you to keep purchases made at a minimum level. The initial target of growth is the upper limit of July.

Medium-term plan.

The upward trend continues to be a medium-term impulse, which enables you to manage the purchases made this week, including the previous ones. he initial target of growth is the upper limit of July. The main objective of the upward medium-term model remains at the monthly short-term fault found at 0.9119-0.9081 levels, and the next NCZ 1/2 is located at 0.9097-0.9087 zones. Reaching these zones requires a partial or complete fixing of purchases searching for profitable prices for sales upon forming a reversal model on the lower timeframe.

Exchange Rates 28.07.2017 analysis

The formation of an alternative model is possible.

Intraday plan.

This week, the pair traded between two defining control zones.

Exchange Rates 28.07.2017 analysis


Daytime CP is the daytime control zone.

Weekly CP is the weekly control zone.

Monthly CP is the monthly control zone.

Samanta Kruder
Analytical expert of InstaForex
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