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12.04.201910:15 Forex Analysis & Reviews: Burning forecast 04.12.2019 EURUSD

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 Brexit subject moves away from the market's main annoyances. Brexit is postponed until the end of October.

The Fed and the ECB took a soft stand - we do not expect a rate hike until the end of the year.

EURUSD: The technical picture shows a possible upward trend - the first target is 1.1450, then a breakthrough to the top and a target of 1.2000

We keep buying from 1.1250

Alternative: Sell from 1.1175

Exchange Rates 12.04.2019 analysis

Dean Leo
Analytical expert of InstaForex
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