Burning forecast 16/01/2019

Two important news led to a decline in the euro on Tuesday:

– British Prime Minister Theresa May received a crushing blow from Parliament – her agreement with the EU failed in the vote with a crushing score of 420 against 202 – the worst result of voting for the government bill in 100 years. The next step is a vote of no confidence in Theresa May – and it is possible to change the prime minister and early elections.

– The head of the ECB Draghi said that the state of the EU economy is worse than expected – that is, the transition of the ECB to a stronger monetary policy should not be expected. The euro fell to 1.1400.

Next: Now ahead is a new round of negotiations on an EU agreement – Britain – but first, Britain must decide who will negotiate. And maybe Brexit will be postponed.

The EURUSD rate actually returned to the range of 1.1300 – 1.1500.

We are ready to buy euros from 1.1490.

We are ready to sell the euro from 1.1300.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Burning forecast 16/01/2019

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