For Traders

Analytical Reviews

Trading plan

22.05.201913:26 Forex Analysis & Reviews: Trading Plan for EUR/USD pair on 05/22/2019

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.

The big picture: Theresa May failed to inspire optimism in European currencies.

On Tuesday, British Prime Minister Theresa May presented a new, final Brexit plan.

This plan even allows for a second referendum.

However, having seen the details of the plan, the experts decided that this attempt would not be successful and May is likely to be forced to resign this summer.

On Tuesday, the pound and the euro rose in the short run - but retreated back.

EUR/USD: We are waiting for a break below the zone of 1.1110 - 1.1130 and the beginning of a strong downtrend.

We sell from 1.1130.

Alternative: We buy from 1.1225.

Back to the list

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.