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11.02.201908:17 Forex Analysis & Reviews: Forecast for EUR / USD for February 11, 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.

EUR / USD

Last Friday, the euro fell by 19 points, without changing the general mood of the market to a local correction. On the daily chart, the Marlin oscillator signal line showed a slight upward reversal; on H4, this signal line is even closer to the border with the growth area, above zero. Correction can take place from current levels, as well as from 1.1302. Growth may be limited in the area of resistance of the downward trend line of the price channel on the daily timeframe 1.1362. Care prices under 1.1302 will allow the price to deepen the branch reduction to 1.1262. In this case, we assume a correction to 1.1302 / 25.

Exchange Rates 11.02.2019 analysis

Laurie Bailey
Analytical expert of InstaForex
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