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
InstaForex Group © 2007-2020
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
Can't speak right now?
Ask your question in the chat.