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15.11.201709:23 Forex Analysis & Reviews: Trading plan 11/15/2017

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 11/15/2017

The general picture: The speeches of the heads of the Central Bank at the ECB conference caused a decline in the dollar.

Experts have not yet analyzed the essence of the statements of the heads of the largest Central Banks on Tuesday at the ECB conference - the heads of the ECB, U.S. Federal Reserve, the Bank of Japan and the Bank of England.

However, the market determined: A decline in the dollar rate - and this is important.

The EURUSD pair showed strong growth.

It is advised to lock in profits for the euro at the moment - as one should recall, it is recommended to buy from 1.1625 and from 1.1690 - the current rate of 1.1790. A strong correction is possible up to 1.1740 - 1.1700.

For the GBPUSD pair:

Buy for a breakthrough at 1.3230.

Sell for the breakthrough at 1.3020.

Exchange Rates 15.11.2017 analysis

Jozef Kovach
Analytical expert of InstaForex
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