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12.12.201809:45 Forex Analysis & Reviews: Trading Plan 12/12/2018

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 12.12.2018

Overall picture: The dollar is trying to start increasing

The dollar rose against the euro and the pound on the political crisis in Britain around an agreement with the EU.

On Thursday, the EU summit is scheduled - on relations with Britain in case of failure in the British Parliament agreement with the EU (which is considered quite possible). Probably, British Prime Minister Theresa May will come to the summit to get new concessions from the EU. However, the EU leadership is skeptical and does not seem ready to concede.

In addition, on Thursday the ECB's decision on monetary policy.

Pound: we keep sales from 1.2650.

Alternative: Buy from 1.2820.

Exchange Rates 12.12.2018 analysis

Jozef Kovach
Analytical expert of InstaForex
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