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15.02.201908:21 Forex Analysis & Reviews: Burning forecast 15/02/2019

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.

The euro is pressed against the lower limit of the range, but the strength of the sellers is not enough to start a strong downward movement.

This creates opportunities for both sellers and buyers. Forces are approximately equal, and the movement can begin in any direction.

We are ready to buy the euro from 1.1315 stop at 1.1270 - the advantage in this case is that the stop will be at a good point.

However, we are ready to sell at a breakdown down to 1.1245 - perhaps the beginning of a strong downward movement.

Exchange Rates 15.02.2019 analysis

Dean Leo
Analytical expert of InstaForex
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