empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

20.02.201909:04 Forex Analysis & Reviews: Burning forecast 02/20/2019

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.

On Tuesday, February 19, the EURUSD rate drew a strong daily bullish candle - a clear signal of a reversal upward.

Now the price has stalled in the middle of the line (Alligator Bill Williams) by the day. The next target is a strong resistance line on the way up to around 1.1420-1.1430.

There are two news that can push - or try to break the movement: the Fed's minutes at 18.00 London time - and the meeting of British Prime Minister Theresa May and European Commission head Jean-Claude Juncker - the latest attempt to help the British government carry out an agreement with the EU on Brexit through Parliament.

We keep buying from 1.1315.

Alternative: Sell from 1.1230.

Exchange Rates 20.02.2019 analysis

Dean Leo
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off