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Forecast for EUR/USD for January 15, 2019

EUR/USD

On Monday, the euro ended with the closing gap at the opening of the week. Today, in the Asian session, the euro is increasing on a warming up optimism about the upcoming vote in the British parliament on the Brexit deal, since the situation is not as acute as a week ago, and with minor subsequent refinements, the May-EU agreement can be accepted. This is if today the opponents of the current version of the agreement win with a slight advantage. In this case, we expect the growth of the euro to the nearest high of 1.1570 with an attempt to overcome it and a sight in the range of 1.1620/40. The euro is also supported by the ongoing "shut down" in the United States.

A strongly negative outcome of the vote can send the euro first below the support of the Krusenstern line on the daily chart (1.1444), then to support the price channel (1.1400), and then to the level 1.1302 - the lows of October 31 and August 15 of last year.

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