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17.01.201810:09 Forex Analysis & Reviews: Burning forecast 01/17/2018

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.

EURUSD: The correction started, but the trend is not canceled.In the morning on Wednesday, correction began after growth on the EURUSD exchange rate.The price has broken past the highs and pulled back, removing close stops.Thus, there is a correction - but the upward trend has not been canceled yet.In the evening at 6:00 PM there will be important data: Fed's report on the state of the economy, the"Beige Book".The increase is expected to continue after correction.Buy the euro with a rollback of 1.2180, stop at 1.2135, profit at 1.2280.

Exchange Rates 17.01.2018 analysis

Dean Leo
Analytical expert of InstaForex
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