Burning forecast 02/26/2019

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

Won't your trader friends like this?
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply