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14.05.2020: Forex Analysis & Reviews: Fed revises its forecast for US economic recovery. Euro and pound remain under pressure

Signals for the EUR/USD pair:

If the pair breaks through at 1.0835, the euro is likely to increase to 1.0881 and 1.0923.


A breakthrough at 1.0787 can lead to a sell-off of the euro at 1.0728 and 1.0636.


Signals for the GBP/USD pair:


If the pair breaks through at the level of 1.2271, the British pound can rise to 1.2323 and 1.2370.


A breakthrough at 1.2203 can lead to a sell-off of the British pound at 1.2127 and 1.2030.


The following fundamental data is set for release during the day:


  • Consumer price index
  • ECB's economic bulletin
  • US initial applications for unemployment benefits
  • Andrew Bailey, Governor of the Bank of England, will deliver a speech.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2024
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