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12.07.201909:28 Forex Analysis & Reviews: Breaking forecast 07/12/2019 EURUSD and trading recommendation

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.

Exchange Rates 12.07.2019 analysis

The dollar unexpectedly received support on Thursday, as data on the United States showed an increase in inflation above the forecast. Nevertheless, the euro showed stability and holds growth.

We expect continued growth of the euro on the expectations of the Fed rate cut.

EURUSD: From the point of view of technical analysis, you can buy the euro from a pullback of 1.1250 - and further to the breakthrough of 1.1325 and 1.1395

Alternative: When turning down sell from 1.1180

Dean Leo
Analytical expert of InstaForex
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