For Traders

Analytical Reviews

Hot forecast

23.11.201709:22 Forex Analysis & Reviews: Last minute burning forecast 23.11.2017

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 23.11.2017

EURUSD: Path upwards. Buy from the kickbacks.

On Wednesday, important news emerged: data on orders for durable goods in the US declined moderately - against the dollar.

Late in the evening, a report came out from the last meeting of the Fed - no signals to accelerate the rate hike.

Most importantly - the political crisis in Germany has left the front pages of the media - perhaps for a while.

The EURUSD rate showed strong growth, providing a signal for a new wave of growth - buy the euro from the kickbacks.

Buy the EURUSD pair from 1.1800 and below, a stop-loss of 45 points in 4 digits, the target is at 1.1860, in the event of a breakthrough, the following targets are 1.1980; 1.2080.

Attention: On Thursday 23.1, it is a holiday (Thanksgiving) in the US - trade on Thursday and Friday will be held at low volumes.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.