Burning forecast EUR/USD 05/23/2019

On Thursday morning, sellers pushed the EURUSD rate near the support area of 1.1110 – 1.1130 – at the time of 7:40 London time. The euro showed a low of 1.1133

The picture looks like an attempt to break down is inevitable.

The Fed’s “minutes” came out on Wednesday – reports from the last Fed meeting showed that rates would remain unchanged for a long time, the Fed is concerned about low inflation.

The British pound continued to fall, reaching 1.2604 – on continuing uncertainty around Brexit – and now around the likely resignation of Prime Minister May.

We are ready to sell the euro at a break of 1.1130 downwards, however:

We are ready to buy the euro from 1.1190

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

Source:: Burning forecast EURUSD 05/23/2019

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