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11.02.201910:09 Forex Analysis & Reviews: Burning forecast 11/02/2019

Long-term review

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.

Exchange Rates 11.02.2019 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert of InstaForex
© 2007-2021
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