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20.03.201910:24 Forex Analysis & Reviews: Burning Forecast 03/20/2019

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 Thursday, British Prime Minister Theresa May will meet with the EU leadership regarding the postponement of the Brexit deadline. May wants to make another attempt at negotiating an agreement with the EU until mid-April. In any case, the Brexit date will be delayed and this is not a hot topic for the markets.

The main event is the decision of the Federal Reserve on monetary policy today at 18.00 London time.

The main question is how soft the text of the Fed's commentary will be.

We are waiting for the beginning of an upward trend in the euro.

We buy the euro from 1.1365.

Alternative: when turning down, we sell from 1.1175.

Exchange Rates 20.03.2019 analysis

Dean Leo
Analytical expert of InstaForex
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