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08.03.201913:03 Forex Analysis & Reviews: Trading Plan on 08/03/2019

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 March 7, the ECB struck at the euro: they sharply lowered its forecast for economic growth in the Eurozone from 1.7% to 1.1% in 2019. The ECB announced that it will launch a new program of liquidity injections into the Eurozone economy in September.

The euro fell sharply, breaking key levels down in the zone of 1.1215 - 1.1230.

On Friday, the markets are waiting for a report on employment in the United States, hence, a new round of falling euro is possible, as well as a strong rebound to the top.

We keep selling euro from 1.1315 and stop at breakeven.

Exchange Rates 08.03.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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