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10.06.202022:04 Forex Analysis & Reviews: Evening review EURUSD 06/10/2020. Ahead of the Fed meeting

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 10.06.2020 analysis

The most important news from the Federal Reserve: everyone understands that the Fed rate will remain at the level of 0-0.25%

However, it is very important how the Fed assesses the state and prospects of the US economy now - when the most negative months are behind April and May, when the economies of Europe and the US have opened significantly.

The Fed will issue a statement - but, in addition, it will issue a forecast on key indicators.

EURUSD: I expect a sharp increase in the euro - in the direction of 1.1480.

I keep purchases from 1.1320.

Stop at 1.1275.

Alternative: sell from 1.1240.

Jozef Kovach
Analytical expert of InstaForex
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