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FX.co ★ Burning forecast 07.02.2019 EURUSD and trading recommendation

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Forex Analysis:::2019-07-02T07:58:38

Burning forecast 07.02.2019 EURUSD and trading recommendation

Burning forecast 07.02.2019 EURUSD and trading recommendation

Negative news on the possible trade war Trump - Europe - due to claims against Airbus from Boeing (Airbus has government support that prevents equal competition) - this led to a strong decline in the euro, which is below 1.1300.

The growth trend for the euro stopped, then return to the range - the boundaries of 1.1180 and 1.1395.

From the point of view of technical analysis, we buy at the breakthrough of 1.1395.

Sales are possible at the breakdown of 1.1180.

In case of growth to 1.1350 and above, the last minimum in the region of 1.1275 will be a new level to enter down.

Analyst InstaForex
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