Trading plan on EUR/USD for January 14, 2020. Euro insists on growth

The first day of the week was in favor of the dollar. The USD/JPY rate broke up long-term highs, as the pound fell against the dollar, after the reports of a weakening British economy and a likely rate cut by the Bank of England.

Despite that, euro has shown resilience.

Sellers tried to lower the rate to 1.1100, however, nothing came out.

EUR/USD: it is possible to buy from the average, as well as to break 1.1205.

A break down to 1.1085 is a signal of a cancelling growth.

From the news: On Wednesday, US and China are scheduled to sign a trade agreement, however, a report was released in the US, accusing China of undervaluing the yuan. The said agreement may be broken.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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