2019

Posted On 26 Feb 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

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