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22.02.201908:25 Forex Analysis & Reviews: Trading Plan 02/22/2019

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 an impulse from the negotiations in Brussels, Theresa May and Juncker - at first it seemed that a breakthrough would be achieved - two representatives of Britain urgently flew to Brussels for detailed negotiations. However, later it was reported that the new EU - Britain agreement could not be reached quickly - although some progress was mentioned.

Now experts write that, most likely, British Prime Minister May will ask the EU to postpone the timing of Britain's exit from the EU - for three months, and possibly more. So far, ahead of May is a new vote in Parliament on February 27 under an agreement with the EU.

On Friday morning, the EURUSD rate is under strong resistance on the way up - the level of 1.1375.

Or, the euro breaks to the top of 1.1375 and is fixed above 1.1400 - a strong signal upwards.

Or there is another reversal - and then the key level is down 1.1230.

We buy from 1.1375.

We sell from 1.1230.

Exchange Rates 22.02.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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