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13.12.201915:42 Forex Analysis & Reviews: Evening review for EURUSD for 12/13/2019

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 13.12.2019 analysis

On Friday, the market is likely to have a quiet day - after strong movements on Thursday.

The election in Britain was confidently won by the conservatives and this is good for both Britain and the EU. Finally, the problem of Brexit will get a normal solution on January 31.

Another positive is the emerging progress in the Trump-China trade talks.

So we have to look at the closing prices of the day:

EURUSD - closing the day and week above 1.1180 gives a strong signal for a big upward trend.

We keep purchases from 1.1035 stop at breakeven.

Jozef Kovach
Analytical expert of InstaForex
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