Burning forecast 11/02/2019

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.

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