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The reduction in geopolitical tensions

The reduction in geopolitical tensions | 14 October 2020

14 October 2020, EUR/USD

The reduction in geopolitical tensions

EURUSD trading plan:

The European Union's Brexit negotiator said there was some but "by far" not sufficient progress in trade talks with Britain. British Prime Minister Boris Johnson is due to talk to the head of the bloc's executive, European Commission President Ursula von der Leyen, to discuss next steps on the eve of the leaders' summit. A reduction in geopolitical tensions between the European Union and the United Kingdom will have a positive impact on the value of the Euro. The uptrend in the precious metals market will provide additional support for the European currency, as assets are correlated with each other.

Trading recommendation: Buy 1.1725 and take profit 1.1770.

David Johnson
Analyst of «FreshForex» company
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