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23.01.201910:16 Forex Analysis & Reviews: Trading Plan 01/23/2019

Long-term review

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The three-month standing of the euro in the range is coming to an end - important events will force the euro to go out of range and look for a new equilibrium zone.

There are three such events:

1) The crisis of the US budget - in the US Senate, a vote on the proposals of Trump and the Democrats must be done before Friday - to find a compromise. There is a lot of pressure to resolve the issue before the start of the new week.

2) Brexit and the British Parliament - it is highly likely that the Parliament will vote to postpone the Brexit term - perhaps for a year.

3) The ECB meeting on Thursday - what are the plans for the current year - amid slowing growth in the US and the EU.

We are ready to buy euros from 1.1415.

We are ready to sell the euro from 1.1300.

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