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08.02.201909:07 Forex Analysis & Reviews: Burning forecast 08/02/2019

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 euro is falling under negative pressure:

1. After February 15, a new shutdown in the US is possible.

2. Emergency talks Theresa May - the EU leadership did not give any trump cards to the hands of the British prime minister for an agreement with the EU through Parliament. The deadline for Britain's withdrawal from the EU is approaching and the agreement is not approved by Parliament.

3. ECB lowers its growth forecast for the eurozone

Against this background, the EURUSD rate, which is technically more ready for growth, is declining under the pressure of the foundation.

But until the key level 1.1285 is taken down - this is the range.

We are ready to sell the euro with big targets (up to 1.0800) from 1.1285.

We are ready to buy the euro from 1.1515, but in the event of a strong rebound of the euro to the top, a new entry level is likely to form upward, closer to current prices.

Exchange Rates 08.02.2019 analysis

Dean Leo
Analytical expert of InstaForex
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