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13.03.201911:46 Forex Analysis & Reviews: Trading Plan for 03/13/2019

Long-term review

The big picture: The market is waiting for the final Brexit.

On Tuesday, the British Parliament finally put an end to Prime Minister May's attempt to negotiate an agreement with the EU, which is a complete failure.

Today, March 13, there will be a vote on the withdrawal of Britain from the EU without an agreement, which will probably not receive a majority vote. On Thursday, March 14, a key vote on the issue about the Postponement of Brexit for a long time for a year or more.

The EU has announced that it will no longer negotiate an agreement until the British Parliament decides. Most likely, Brexit will be postponed which is what the opponents of Brexit aims for and this will calm the markets.

EUR/USD: Returns to range.

An attempt to start a downward trend began last week but apparently failed, which turned out to be false one.

The euro has returned already to the 5-month range.

We are ready to buy the euro from 1.1425.

We are ready to sell the euro from 1.1175.

Exchange Rates 13.03.2019 analysis

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Jozef Kovach,
Analytical expert of InstaForex
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