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04.03.201909:54 Forex Analysis & Reviews: Trading Plan 03/04/2019

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.

On the situation with Brexit: Key events postponed to March 12-13. On March 12, British Prime Minister Theresa May will vote on an agreement with the EU. If the agreement fails, the issue of Britain's withdrawal from the EU without an agreement will be put to a vote on March 13, and what everyone is waiting for is a question of postponing Britain's withdrawal from the EU to a later time.

There is information that Prime Minister May is trying to "buy" the missing votes - by offering to send additional funding of 1.6 billion pounds to poor regions.

There is information that the negotiations on trade between the US and China have made progress and the United States can cancel the high duties it imposed against China.

The main event for the EURUSD rate is the ECB's decision on monetary policy on Thursday. The position of the ECB and Draghi has so far been very tough in its over-softness - no talk of a rate hike. But if this position changes - the euro's behavior can change dramatically.

In the week - the report of the Fed "Beige Book" on Wednesday evening; US employment reports on Wednesday (ADP) and on Friday (NonFarm)

Euro: buy at break up to 1.1425 or

sell from 1.1315 downwards.

Exchange Rates 04.03.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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