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10.10.201709:07 Forex Analysis & Reviews: Last minute burning forecast 10/10/2017

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.

Last minute burning forecast 10/10/2017

The EURUSD pair has a buy signal.

There are no significant news on the market. The crisis around Catalonia has somewhat weakened, gradually shifting to the series of statements - and, possibly, negotiations.

The "US-North Korea" crisis may develop - but so far there have been no new developments.

The US employment report for September, which was released on Friday, - snapped the strengthening of the dollar.

In the morning, the EURUSD exchange rate broke through the level of 1.1788 - a buy signal.

We buy the EURUSD pair from 1.1790 with the target of 1.1980 (stop-loss 1.1745).

Alternative option - selling from 1.1668.

Exchange Rates 10.10.2017 analysis

Dean Leo
Analytical expert of InstaForex
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