The EURUSD has been consolidating under a strong resistance of 1.1375 for a week, which does not make it possible to increase.
The most important news came out: Theresa May (British prime minister), according to unofficial data, is ready to agree to postponing the date of Brexit. This is a positive for the market.
There are several important news ahead: the report of Federal Reserve Chairman Powell on February 27 and the first report on US GDP on February 28.
There is a high probability of breaking the euro out of a long range and the beginning of a trend.
We buy the euro from 1.1375.
We are ready to sell the euro from 1.1230.
Aggressive option – we sell from 1.1315.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Burning forecast 02/26/2019