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24.09.201908:41 Forex Analysis & Reviews: Trading plan for EURUSD on 09/24/2019

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.

Exchange Rates 24.09.2019 analysis

On Monday, September 23, the euro gave a signal to move down, breaking through the daily level of 1.0990.

The reason is the negative data on the German economy – the PMI index came out at a very low level.

Still, for a downward trend, you need to break down the mark of 1.0925 and consolidate below.

We are waiting for development down.

We sell from 1.0990 and below 1.0925.

In the case of a full turn up, we buy at a breakthrough of 1.1077 up.

Jozef Kovach
Analytical expert of InstaForex
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