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Exchange Rates 15.08.2019 analysis

The optimism caused by the postponement of Trump's new duties against China until December 15 was short-lived. The US market showed a strong decline. Investors take profits after 10 years of market growth.

After almost a week of consolidation, the euro has broken down the border of the range - down.

The break below 1.1160 is a fairly strong signal to decline.

Nevertheless, the main barrier on the way down is 1.1025

We keep sales from 1.1160 stop 1.1205.

We sell from 1.1025.

We buy from 1.1230.

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

Performed by Sam Alan,
Analytical expert
InstaForex Group © 2007-2020
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