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08.02.2019 09:39 AM
Progress in the Brexit negotiations supports the pound. Forecast for Forex market on February 8

Signals for the EUR / USD pair:

A breakout at the level of 1.1345 will lead to the growth of the euro in the area of 1.1368 and 1.1394. However, a breakthrough at 1.1317 will lead to sales of the euro in the area of 1.1292 and 1.1272.

Signals for the GBP / USD pair:

A Breakout of the level of 1.2965 will lead to the growth of the pound in the area of 1.2993 and 1.3048. On the other hand, a breakthrough at 1.2922 will lead to sales of the pound in the area of 1.2860 and 1.2808.

Fundamental data:

The following economic report are expected to be released:

- Germany's foreign trade balance

- Industrial production in italy

- Canadian unemployment rate

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
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