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10.11.201709:22 Forex Analysis & Reviews: Trading plan 11/10/2017

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.

Trading plan 11/10/2017

General picture: There is no important news, the market is determined with the direction.

The week that is "empty" of news ends. EURUSD made an attempt to start rising on Thursday - having overcome the difficult level of 1.1625 to the top.

The picture on the euro now looks so that 1.1550 is the bottom of the new range, and growth may well develop to 1.2080.

On the GBPUSD rate: So far the price continues to consolidate in the range of 1.3020 - 1.3320.

Buy after the breakthrough to the top at 1.3320.

Sell after a break down to 1.3020.

Exchange Rates 10.11.2017 analysis

Jozef Kovach
Analytical expert of InstaForex
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