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17.01.201810:31 Forex Analysis & Reviews: Trading plan 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.

Trading plan 01/17/2018

The general picture: The market is adjusted for correction.

By the morning of Wednesday, the market was in a corrective mood. In the US market, the mad euphoria of bulls has finally dried up and the main indices showed the first decline this year.

The Bitcoin has drifted down significantly in recent days.

The correction was also outlined in currencies.

Nevertheless, while the general trend against the dollar is not broken, very likely, we will see a new campaign against the dollar.

In the evening, at 19.00 London time, the Fed will publish a report on the economy "Beige Book". As always, 14 days before the decision on the rates.

GBPUSD

We are buying from a rollback from 1.3610.

Exchange Rates 17.01.2018 analysis

Jozef Kovach
Analytical expert of InstaForex
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