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15.03.201909:33 Forex Analysis & Reviews: Burning Forecast 03/15/2019

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

After a gruelling vote in the British Parliament, a widely expected decision was eventually made. This decision was the least wanted by Prime Minister May, so Brexit was postponed for only for three months. Theresa May is deteremined in her ambition to finalize an agreement with the EU until March 20. However, if her efforts are in vain, the departure of the UK from the EU will be delayed for a long time.

Meanwhile, market turbulence has calmed down. Thus, the time is ripe for EUR/USD to develop the spring trend.

EURUSD: We are ready to buy the euro from 1.1340.

Alternative: Sell from 1.1175.

Exchange Rates 15.03.2019 analysis

Dean Leo
Analytical expert of InstaForex
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