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15.02.201901:09 Forex Analysis & Reviews: Burning forecast 02/14/2019

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's exit from the long range is getting closer and more inevitable.

Nevertheless, the European currency continues to test the strength of traders who aim for strategies.

On Wednesday, the euro/dollar pair has once again stroke a daily low of 1.1255 downwards, but again bounced up.

At the same time, a new potentially very interesting level of the daily order for entering the top is formed: 1.1345

We are ready to sell the euro from 1.1245.

In the event of a bullish reversal, we are willing to buy the euro from 1.1345.

The potential of a movement both up and down is very high - not less than 400-500 points.

Exchange Rates 15.02.2019 analysis

Dean Leo
Analytical expert of InstaForex
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