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21.01.201910:26 Forex Analysis & Reviews: Burning forecast 01/21/19

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.

The euro was under pressure from sellers throughout the previous week, but sales are running out of steam.

In the new week, one of the important signals should lead to growth: there are three such important news - key talks by Trump and the Democrats regarding the "shutdown" are to take place in the US; in Britain, Prime Minister Theresa May should propose a new version of an agreement with the EU - and/or postpone Brexit. On Thursday - an important meeting of the ECB's monetary policy.

One of these events is likely to lead to the growth of the Euro.

We are ready to buy euros from 1.1490.

Alternative: Sell from 1.1300.

Exchange Rates 21.01.2019 analysis

Dean Leo
Analytical expert of InstaForex
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