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Forex Analysis & Reviews: Trading plan 10/18/2019 EURUSD
time 18.10.2019 08:37 AM
time Relevance up to, 19.10.2019 08:19 AM

The EU and Britain (Prime Minister Johnson) have concluded a deal on Brexit. This is definitely positive. However, Johnson now needs to get the deal through parliament — a vote against both the opposition and possible resistance from Northern Ireland MPs are expected here. The key vote is Saturday.

On the positive from Brexit, the pound showed huge growth - almost 800 points (in the four-sign) - from 1.2200 to almost 1.3000

The euro also rose, but much more modestly.

We keep purchases from 1.0945 and from 1.1005

Strong correction is very likely, purchases from deep pullbacks.

Stop below 1.0990

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Jozef Kovach,
Analytical expert of InstaForex
© 2007-2022
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