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Political risks

Political risks | 21 October 2019

21 October 2019, EUR/USD

Political risks

EURUSD trading plan:

Political risks on of BREXIT will force investors to take profits on long positions in the Euro. Members of Parliament voted to approve the Letwin amendment to Prime Minister Boris Johnson's BREXIT deal on Saturday, which forces Johnson to seek another BREXIT extension. Boris Johnson took to his feet following the vote saying: "the meaningful vote is now devoid of meaning". The government will bring the deal back to parliament on Monday. Investors have been buying Euro for the last four trading days and will now close long positions. Investors don't like political risks.

Trading recommendation: Sell 1.1169 and take profit 1.1135.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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