This morning, investors were optimistic about the postponement of the next Brexit deadline to December 10 – the EU summit. According to rumors and expectations, the final agreement may be ready by November 30th. The current target for the pound’s growth is the 1.3350/80 range. Getting the pair to settle above it may cause the pound to rise to the September 1 high at 1.3480. This scenario has a small pitfall – the impending divergence with the Marlin oscillator. As a result, this could cause the price to settle under the MACD line of 1.3190, and if it coincides with a failure in the final deal, which has a high likelihood, this will open the way to a medium-term decline.


The trend is completely upward on the four-hour chart. The nearest support is 1.3260 along the MACD line. We are waiting for the pound to rise in the range of 1.3350/80, as well as further news on the negotiations between the UK and the EU.


The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.