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29.01.201909:34 Forex Analysis & Reviews: Burning forecast 01/29/2019

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 market is waiting for the main events of the week: voting in the British Parliament on the agreement with the EU today, January 29, (will vote for different versions of the agreement to try to find a majority position.

On Wednesday - the Federal Reserve decision on rates.

No one expects the Fed to raise rates, everyone is waiting for soft statements - this may give a new impetus to the dollar's decline.

We keep purchases of euros from 1.1395, possible purchases with a decrease to the average (on the chart below).

Alternative: Sell from 1.1285.

Exchange Rates 29.01.2019 analysis

Dean Leo
Analytical expert of InstaForex
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