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25.03.201910:03 Forex Analysis & Reviews: Burning Forecast 03/25/2019

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.

Last week the EUR/USD made an attempt to start a trend against the dollar, but failed once again.

The reason is the unexpected return of the Brexit subject to the agenda.

There will be a new voting in the British Parliament on agreement with the EU on Monday. If Theresa May's plan fails once again, a new principled voting will be held on Wednesday. Mrs. May has been given a deadline on April 12th in order to garner Parliament's support for her Brexit deal (the EU provided a delay).

We are waiting for the beginning of the trend for the euro.

We are ready to buy the euro from 1.1450

We are ready to sell the euro from 1.1175

For more aggressive traders, selling from 1.1270 is possible.

Exchange Rates 25.03.2019 analysis

Dean Leo
Analytical expert of InstaForex
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