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22.11.201709:41 Forex Analysis & Reviews: Last minute burning forecast 22.11.2017

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 22.11.2017

The EURUSD pair has resumed growth, we buy.

German Chancellor Merkel said she was confident of victory if early elections were announced. Investors were reassured over the risk of a political crisis in Germany.

Germany's economy is in better shape since 2011.

The euro is ready for a new wave of growth. Buy for a breakthrough at 1.1665 upwards, then - buy for a breakthrough at 1.1825 - and a target of 1.1980.

Stop loss to the position of 45 points (Example: buy at 1.1665 stop-loss 1.1620).

Exchange Rates 22.11.2017 analysis

Dean Leo
Analytical expert of InstaForex
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