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21.10.2019 08:27 AM
Trading plan EURUSD 10/21/2019

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The euro holds growth.

The main theme at the opening of the week – Brexit. Saturday's vote in the British Parliament was unsuccessful for Prime Minister Johnson and his new agreement with the EU. However, as we see, the euro and the pound steadfastly endured this negative.

Johnson is about to attempt an agreement with the EU through parliament on Monday. This may resolve the issue.

Next, on Thursday – the meeting of the ECB. ( The latter, led by Draghi). The main question is whether there will be a weakening of the policy of negative rates?

EURUSD: We keep purchases from 1.0945 and 1.1005, which stops at 1.0990.

Possible purchases from deep pullbacks from 1.1100 and below to 1.1050.

Jozef Kovach,
Analytical expert of InstaForex
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