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27.02.202000:47 Forex Analysis & Reviews: Evening review 02/26/2020 EURUSD. Market awaits news on coronavirus

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 27.02.2020 analysis

Global markets have experienced two consecutive days of stress due to the spread of the Chinese virus to other countries - the most dangerous situation in South Korea and Italy.

I think that Wednesday will be a day of respite - the markets will take a break to new data.

EURUSD: We believe that the euro correction is complete - and you can sell in anticipation of a new wave of decline.

We sell from 1.0900-1.0910.

The target is 1.0600.

Jozef Kovach
Analytical expert of InstaForex
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