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30.01.201909:25 Forex Analysis & Reviews: Burning forecast 01/30/2019

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 EURUSD rate holds growth potential.

The main event today - the decision of the Federal Reserve on monetary policy - the decision and statement on the situation in the economy will be released at 18.00 London time. The dollar rate of 2.275% will remain unchanged - there is no doubt about it.

The text of the statement will probably be very soft - the Fed will make it clear that they are worried about slowing growth.

This may give new impetus to the growth of the euro - to 1.1570 and beyond.

We keep buying from 1.1395.

Alternative: Sell from 1.1285.

Exchange Rates 30.01.2019 analysis

Dean Leo
Analytical expert of InstaForex
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