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07.06.201908:03 Forex Analysis & Reviews: Trading plan for EURUSD on 06/07/2019

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 ECB gave a hint that it could lower the rate - although this is doubtful, given that the ECB rate is already zero, and deposits for banks are minus 0.4%.

The Fed promises to discuss the reduction of rates at a meeting in June (June 19).

EURUSD: The euro reflects these sentiments on rates.

A few days ago, the euro broke through the important level of 1.1220 to the top and is holding higher.

We expect continued growth.

We keep purchases from 1.1190 and from 1.1220.

Possible purchases with kickbacks.

Exchange Rates 07.06.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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