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24.01.202014:30 Forex Analysis & Reviews: Evening review for EURUSD on January 24, 2020. We are waiting for a correction

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Exchange Rates 24.01.2020 analysis

The euro has been in a state of the downward movement for a day. More precisely, the euro has been falling since the beginning of the year (the maximum of 1.1240 took place on December 31), however, this was a fall within the correction to the previous growth. But on Thursday, at the ECB's decisions, the euro fell, breaking through support, and moved into a state of downward movement.

However, the movement is sluggish, and you need to enter it with a rollback. For example, up to 1.1070.

EURUSD:

We sell from 1.1070. Stop at 1.1110 and the target - 1.0970.

We keep purchases from 1.1110.

Jozef Kovach
Analytical expert of InstaForex
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