24.11.201709:22 Forex Analysis & Reviews: Breaking forecast 11.24.2017

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Breaking forecast 11.24.2017

The euro is ready for a breakthrough upward - buy on breakdown of 1.1865

The focus is again on the political situation surrounding Merkel's government in Germany. On Thursday, the leader of Germany's main opposition party, the Social Democrats (SPD) Martin Schulz, said he was ready to support the government of Merkel - either on "limited support" or in the format of a new coalition. Thus, the political crisis in Germany is moving towards a resolution - as of the morning of Friday.

The euro is ready to respond with an increase- ahead of the question of the significant level of 1.1860.

Buy euros at the break of 1.1865, stop-loss at 1.1820 - target of 1.1980.

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