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

21.02.201908:40 Forex Analysis & Reviews: Burning forecast 02/21/2019

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 Wednesday, February 20, the euro's growth stopped, but there is no cancellation signal yet.

There is important news on the EU - Britain agreement on relations after Brexit. On Wednesday, a meeting between May and Juncker took place in Brussels, where it became clear that the EU was still ready to make any additional concessions to Britain in order to help Theresa May in negotiating an agreement with the EU through the Parliament. In this regard, today the British minister for Brexit and the prosecutor general are sent to Brussels urgently. The EU is ready to make concessions to Britain on the issue of the regime of the border with Ireland - it is believed that this could help May in Parliament. However, Junker set a condition to May: before the concessions of the EU to Britain will be accepted by the heads of the EU countries - the prime minister must obtain approval in Parliament.

This is generally a positive for the pound and the euro.

We can expect a continued growth for the euro.

We keep buying from 1.1315.

Alternative: sell from 1.1230.

Exchange Rates 21.02.2019 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