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30.04.201810:18 Forex Analysis & Reviews: Trading plan 04/30/2018

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 04/30/2018

General picture: Week of great news.

On a new week: On Wednesday, 19:00 BST, the decision of the Fed. It is possible to raise the rate.

On Wednesday, at 13:15 London time, a private report on employment in the US from ADP for April.

On Friday, the non-farms at 13:30 London time.

A lot of news is not the highest but the first priority.

And do not forget, Trump should announce, not later than May 1, whether there will be new duties on steel and aluminum applied to the EU despite the visits to the US by Merkel and Macron. The question remains.

GBP / USD: Despite a strong fall in the previous days, we expect a strong rebound from 1.3700.

We buy from 1.3700, stop 1.3660, profit 1.3800.

Exchange Rates 30.04.2018 analysis

Jozef Kovach
Analytical expert of InstaForex
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