The euro remains under pressure for several reasons:
1. The forecast for growth in the eurozone was lowered – and as a result – the ECB’s super-soft policy
2. The question of the agreement Britain and the EU remains unresolved – and the period of the withdrawal of Britain – the end of March
In this situation, sales are pushing the euro to the lower end of the long range, a break down to the level of 1.1285 and a strong trend movement down is possible.
We sell the euro at a break down 1.1285.
Alternative: Buy from 1.1515.
The material has been provided by InstaForex Company – www.instaforex.com