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18.07.201908:21 Forex Analysis & Reviews: Burning forecast 07/18/2019 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 18.07.2019 analysis

The euro has been under pressure since the beginning of the week - because of the sellers who are attacking the British pound. News regarding the possible withdrawal of Britain from the EU without an agreement - caused a strong decline in the pound, and this dragged the euro down through the euro-pound.

But the fall of the pound stopped, and the euro immediately showed a rebound upwards.

Fed report "Beige Book" did not play a strong role.

EURUSD: Range.

From the point of view of technical analysis, you can buy when you break upwards 1.1290.

You can sell when you break down 1.1190.

Dean Leo
Analytical expert of InstaForex
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